Active Listing  ·  54 days on market

12629 Lee Park Ln

Austin, TX 78732
$624,000
4 Bed 3 Bath 2,533 sqft $246/sqft Built 2006 0.15 acres 2-Car Garage Pool Steiner Ranch Parkside

Experience unparalleled elegance in this beautifully reimagined and beautifully renovated 2,533 sq ft home at 12629 Lee Park Ln. Situated on a private cul-de-sac with no neighbors on three sides, this property offers serene greenbelt views in front and an open field behind. Enjoy exceptional privacy and breathtaking sunsets from the spacious backyard, featuring freshly installed lush green grass perfect for family play. Step inside to discover a bright, open floor plan highlighted by soaring two-story ceilings and abundant natural light. Every detail is thoughtfully curated, starting with breathtaking new marble-look porcelain flooring flowing seamlessly throughout. The heart of the home is the totally renovated chef’s kitchen, boasting a dramatic waterfall quartz island, custom cabinetry, and a striking new backsplash. This sophisticated space opens directly into the grand living area, creating an ideal environment for hosting or enjoying quiet family evenings. Luxurious upgrades continue into the transformed primary suite. The spa-like master bath is a true retreat, featuring a frameless glass shower, soaker tub, new vanities, and stylish designer lighting. The secondary and powder baths are also elegantly updated. A dedicated study with French doors and a spacious loft provide versatile spaces for remote work or relaxation. The study can easily be converted or used as a fourth bedroom as well as the powder bath converted to a full bath in this home. Beyond the impeccable interior, enjoy the extraordinary lifestyle of Steiner Ranch. As a premier golf course and lakefront community, residents enjoy world-class amenities including parks, pools, tennis courts, and lake access. Located walking distance to top-rated schools and minutes from shopping, this move-in-ready masterpiece perfectly blends luxury and community. You will walk in and say, “we’ve gotta purchase this!”

At $246/sqft, this home is 37% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12629 Lee Park Ln, Austin, TX 78732

Property Details

Price $624,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,533 sqft
Lot Size 0.15 acres (6,577.56 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Parkside
County Travis
Zip Code 78732
$/sqft $246/sqft
Days on Market ,
HOA $603/Semi-Annually
Annual Tax Est. $11,465.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241739003
List Date July 31, 2026
Elementary School Laura Welch Bush
Middle School Canyon Ridge
High School Vandegrift
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 31, 2026 $645,000
Previous ask $599,990
Current ask $624,000
Reduced $21,000 (-3.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2505 Golden Gate Park
Steiner Ranch Parkside
$620,000 $233 4 bd / 3 ba 2,666 sqft , 2026-07-01
12935 Brigham Dr
Steiner Ranch Ph 01 Sec 04E
$649,500 $222 4 bd / 3 ba 2,920 sqft , 2026-06-02
3411 Latimer Dr
Steiner Ranch Ph 01 Sec 01
$650,000 $257 3 bd / 3 ba 2,529 sqft , 2026-09-11
12409 CENTRAL PARK Dr
Steiner Ranch Parkside
$594,000 $247 3 bd / 3 ba 2,402 sqft , 2026-04-17
2845 Lantana Ridge Dr
Steiner Ranch Ph 01 Sec 05A
$664,900 $237 4 bd / 3 ba 2,802 sqft , 2026-08-01

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
$2,995/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
$124,800
20% conventional investment loan

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

Estimated Gross Rent+$2,995
Principal + Interest−$3,405
Property Tax (~2.1% TX avg)−$1,092
Insurance (~0.5%)−$260
Est. Monthly Cash Flow $-1,762

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 September 9, 2026.

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