Active Listing  ·  140 days on market

12805 Cape May Ln

Austin, TX 78750
$384,999
3 Bed 3 Bath 1,787 sqft $215/sqft Built 2007 0.07 acres 2-Car Garage Pool Pecan Park Garden Estates

Welcome to the gated community of Pecan Park Garden Estates—where comfort, privacy, and convenience come together. This beautifully maintained condo lives like a single-family home, offering no shared walls and no neighbors behind for added peace and quiet. This spacious two-story home features 3 bedrooms, 2.5 baths, and an inviting open-concept design ideal for both everyday living and entertaining. The main level showcases wood and tile flooring, recessed lighting, and a bright, airy living and dining area filled with natural light. The kitchen is a true centerpiece, complete with granite countertops, a large center island, breakfast bar, stainless steel appliances, and generous cabinet space—perfect for cooking, gathering, and hosting. Upstairs, the primary suite offers a relaxing retreat with two closets, a double vanity, a garden tub, and a separate shower with both a rainfall showerhead and handheld sprayer. Two additional bedrooms, a full bath, and a versatile loft provide flexible space for a home office, media room, or play area. The conveniently located upstairs laundry room adds everyday ease. Step outside to enjoy the covered patio—ideal for relaxing evenings or weekend grilling. Zoned to highly acclaimed Round Rock ISD and perfectly situated near Lakeline Mall, Cedar Park, and major corridors including 183 and 620, this home offers easy access to shopping, dining, entertainment, and top tech employers. Plus, commuting is a breeze with the nearby MetroRail at Lakeline Station. This is low-maintenance living with the space, privacy, and style you’ve been looking for.

At $215/sqft, this home is 45% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12805 Cape May Ln, Austin, TX 78750

Property Details

Price $384,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,787 sqft
Lot Size 0.07 acres (3,206.02 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Pecan Park Garden Estates
County Williamson
Zip Code 78750
$/sqft $215/sqft
Days on Market ,
HOA $152/Monthly
Annual Tax Est. $7,484
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223794501
List Date March 27, 2026
Elementary School Anderson Mill
Middle School Noel Grisham
High School Westwood
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 · March 27, 2026 $399,999
Previous ask $389,999
Current ask $384,999
Reduced $15,000 (-3.8%) 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
10812 Gates Ln #441
Pecan Park Garden Estates
$388,800 $259 3 bd / 3 ba 1,500 sqft , 2025-06-24
12103 Mill Holw
Anderson Mill Village 12
$390,000 $315 2 bd / 2 ba 1,240 sqft , 2026-04-17
11311 Prairie Dog Trl
Village 16 At Anderson Mill
$379,900 $279 3 bd / 2 ba 1,362 sqft , 2026-07-14
9733 Anderson Village Dr
Anderson Mill Village
$395,000 $248 3 bd / 2 ba 1,591 sqft , 2026-06-16
9714 Copper Creek Dr
Anderson Mill Village South
$399,000 $185 3 bd / 3 ba 2,155 sqft , 2026-02-02

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 August 11, 2026.

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