Active Listing  ·  279 days on market

12604 Red Sparrow St #14

Austin, TX 78729
$500,000
3 Bed 3 Bath 1,779 sqft $281/sqft Built 2017 2-Car Garage Pool Springwoods Place Condos

Discover the perfect blend of style, comfort, and convenience in this stunning 3-bedroom, 2.5-bath luxury condo built by David Weekley Homes. Designed with an airy, open concept and an abundance of natural light, this home features soaring ceilings and expansive windows that bring the outdoors in.

The chef’s kitchen opens seamlessly to the living and dining areas and showcases a large quartz-topped island, stainless steel appliances, and sleek modern finishes—ideal for entertaining or everyday living. The primary suite is conveniently located on the main floor, offering both privacy and accessibility.

Step outside to your spacious side courtyard with a private patio—perfect for morning coffee or evening relaxation—and enjoy a balcony overlooking the community park.

Located in the gated community of Springwoods Place, this home is surrounded by Water Smart xeriscaped landscaping for low-maintenance living. With solid wood flooring throughout most of the home, thoughtful design, and a super-low 1.51% tax rate, it’s as practical as it is beautiful.

Perfectly situated just minutes from the Apple campus, The Domain, and Austin’s Tech Corridor, and only 20 minutes to Downtown Austin, you’ll have easy access to everything you need while enjoying a peaceful community setting within Round Rock ISD.

Beautifully designed inside and out—this is modern luxury living done right.

At $281/sqft, this home is 28% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12604 Red Sparrow St #14, Austin, TX 78729

Property Details

Price $500,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,779 sqft
Lot Size ,
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Springwoods Place Condos
County Williamson
Zip Code 78729
$/sqft $281/sqft
Days on Market ,
HOA $135/Monthly
Annual Tax Est. $6,481.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211343215
List Date November 8, 2025
Elementary School Live Oak
Middle School Deerpark
High School McNeil
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
13202 ADONIS Dr
SPRINGWOODS 2G
$499,999 $237 4 bd / 3 ba 2,111 sqft , 2026-04-10
9513 Braeburn Gln
Forest North Estates Ph 3
$499,000 $337 3 bd / 2 ba 1,481 sqft , 2026-07-09
13311 Briar Hollow Dr
Forest North Estates Ph 3
$498,000 $228 3 bd / 3 ba 2,180 sqft , 2026-07-23
12223 Old Stage Trl
Village 01 At Anderson Mill
$495,000 $302 4 bd / 3 ba 1,641 sqft , 2026-08-03
12501 Preece Dr
Springwoods Sec 01
$480,000 $276 3 bd / 2 ba 1,741 sqft , 2026-06-01

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,400/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$100,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on December 14, 2025.

📞 (254) 718-2567 [email protected] More about Luke →