Active Listing  ·  46 days on market

12717 Lee Park Ln

Austin, TX 78732
$795,000
3 Bed 3 Bath 2,912 sqft $273/sqft Built 2006 0.22 acres 2-Car Garage Pool Steiner Ranch Parkside

Welcome to 12717 Lee Park Ln, a beautifully updated two-story home in Austin's desirable Steiner Ranch community. Built in 2006, this spacious 3-bedroom, 2.5-bath residence offers 2,912 square feet of beautifully refreshed living space.

Inside, you'll notice fresh paint, brand-new flooring and beautifully remodeled bathrooms that create a move-in-ready home with a fresh, contemporary feel.

The fully remodeled kitchen is the heart of the home, featuring all new cabinetry, stainless steel appliances and upgraded finishes, making meal prep and entertaining a breeze.

The flexible floor plan provides generous living spaces for everyday comfort and entertaining, while the large backyard offers plenty of room to relax, play, or host gatherings.

Conveniently located near top-rated schools, this home is part of an excellent community that provides top-tier amenities and offers easy access to nearby shopping, dining, and major commuter routes. Combining extensive updates, spacious living, and a desirable location, 12717 Lee Park Ln is ready to welcome you home.

At $273/sqft, this home is 31% 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

12717 Lee Park Ln, Austin, TX 78732

Property Details

Price $795,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,912 sqft
Lot Size 0.22 acres (9,496.08 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Parkside
County Travis
Zip Code 78732
$/sqft $273/sqft
Days on Market ,
HOA $616.98/Semi-Annually
Annual Tax Est. $12,570.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242166905
List Date August 7, 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 · August 7, 2026 $830,000
Current ask $795,000
Reduced $35,000 (-4.2%) 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
12516 Uvalde Creek Dr
Steiner Ranch Ph 01 Sec 09
$785,000 $318 4 bd / 3 ba 2,470 sqft , 2026-05-14
12724 Rush Creek Ln
Steiner Ranch Ph 01 Sec 09
$750,000 $235 4 bd / 4 ba 3,185 sqft , 2026-06-11
2900 Grimes Ranch Rd
Steiner Ranch Ph 01 Sec 05A
$849,000 $275 4 bd / 3 ba 3,088 sqft , 2026-09-18
12600 Schreiner Ct
Steiner Ranch Ph 01 Sec 02-A
$850,000 $257 4 bd / 3 ba 3,308 sqft , 2026-05-29
2301 Golden Gate Park
Steiner Ranch Parkside
$725,000 $256 4 bd / 3 ba 2,833 sqft , 2026-06-05

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
$3,816/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
$159,000
20% conventional investment loan

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

Estimated Gross Rent+$3,816
Principal + Interest−$4,339
Property Tax (~2.1% TX avg)−$1,391
Insurance (~0.5%)−$331
Est. Monthly Cash Flow $-2,245

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 18, 2026.

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