Active Listing  ·  89 days on market

12801 Arbor Lake Cv

Austin, TX 78732
$1,415,000
5 Bed 6 Bath 4,399 sqft $322/sqft Built 2007 0.63 acres 3-Car Garage Pool Steiner Ranch Ph 01 Sec 7b

Beautiful 5-bedroom, 5.5-bath home on a premier 0.64-acre cul-de-sac lot backing to a tranquil greenbelt in the prestigious gated enclave of Lakewood Hills at Steiner Ranch. This exceptional residence offers hand-scraped hardwood floors, plantation shutters, luxurious finishes, two private offices, dedicated fiber internet, and a spacious 3-car garage.

The gourmet kitchen features granite countertops, stainless steel appliances, expansive center island, custom cabinetry, built-in workspace and abundant storage. The main level includes an elegant primary suite and private guest suite, while three additional bedrooms with en-suite baths, a spacious game room and fully equipped, furnished media room are upstairs.

Enjoy exceptional outdoor living with a covered patio, wood-burning fireplace, built-in BBQ and peaceful greenbelt views. The estate-sized homesite provides plenty of room for a resort-style pool while preserving generous lawn space for entertaining and recreation. Selective tree management may also open up expansive canyon views.

Steiner Ranch amenities include resort-style pools, tennis and pickleball courts, parks, playgrounds, sports fields, miles of hiking and biking trails, and the private Lake Club on Lake Austin. Zoned to acclaimed Leander ISD, including highly sought-after Vandegrift High School. A rare combination of privacy, space, luxury, connectivity and an exceptional greenbelt setting in one of Austin's most desirable gated communities.

At $322/sqft, this home is 18% 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

12801 Arbor Lake Cv, Austin, TX 78732

Property Details

Price $1,415,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,399 sqft
Lot Size 0.63 acres (27,399.24 sqft)
Year Built 2007
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 7b
County Travis
Zip Code 78732
$/sqft $322/sqft
Days on Market ,
HOA $644/Semi-Annually
Annual Tax Est. $25,167
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218846840
List Date June 25, 2026
Elementary School River Ridge
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 · June 25, 2026 $1,600,000
Previous ask $1,449,000
Current ask $1,415,000
Reduced $185,000 (-11.6%) 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
505 Horseback Holw
Steiner Ranch Ph 01 Sec 09
$1,195,000 $295 4 bd / 4 ba 4,053 sqft , 2026-07-31
12013 Palisades Pkwy
Steiner Ranch Ph 6-B
$1,130,000 $248 4 bd / 4 ba 4,558 sqft , 2025-11-12
12804 Wooded Lake Ct
Steiner Ranch
$1,099,000 $312 5 bd / 4 ba 3,527 sqft , 2026-06-18
13300 Bright Sky Overlook None
Steiner Ranch Ph 01 Sec 7A
$1,075,000 $316 5 bd / 3 ba 3,400 sqft , 2026-08-27
12621 Capella Trl
Steiner Ranch Ph 01 Sec 7a
$1,049,000 $282 6 bd / 4 ba 3,722 sqft , 2026-09-10

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
$6,792/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
$283,000
20% conventional investment loan

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

Estimated Gross Rent+$6,792
Principal + Interest−$7,722
Property Tax (~2.1% TX avg)−$2,476
Insurance (~0.5%)−$590
Est. Monthly Cash Flow $-3,996

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 11, 2026.

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