Active Listing  ·  7 days on market

12812 Steeple Chase Dr

Austin, TX 78729
$299,000
3 Bed 3 Bath 1,592 sqft $188/sqft Built 1986 0.12 acres 2-Car Garage Pool Milwood Sec 29

Incredible Location, Majestic Trees, and Endless Potential! Welcome to 12812 Steeple Chase Drive—a charming 3bedroom/2.5 bath home nestled under a spectacular canopy of huge, mature Texas trees. Located in the highly sought-after Milwood neighborhood, this property is the perfect canvas for anyone looking to bring their own design ideas to life and build quick equity. While the home needs a little cosmetic love and personal updates, it already boasts fantastic bones and updated stainless steel appliances in the kitchen. The real value here is the unbeatable lifestyle and location. You are a short, easy walk from Pond Springs Elementary—say goodbye to stressful morning car lines! On top of that, you're just minutes from the Apple campus, major tech corridors, and all the shopping and dining at The Domain. With a little sweat equity, this diamond in the rough will easily become the envy of the block. Bring your contractor, your vision, and make this Austin gem your own!

At $188/sqft, this home is 52% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12812 Steeple Chase Dr, Austin, TX 78729

Property Details

Price $299,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,592 sqft
Lot Size 0.12 acres (5,370.95 sqft)
Year Built 1986
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Milwood Sec 29
County Williamson
Zip Code 78729
$/sqft $188/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,949.74
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248535404
List Date October 1, 2026
Elementary School Pond Springs
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
8518 Cahill Dr #43
Proposed Courtyard Homes Ph 4
$293,000 $199 3 bd / 3 ba 1,476 sqft , 2026-03-03
7708 San Felipe Blvd #4
San Felipe Twnhms
$327,000 $218 2 bd / 2 ba 1,501 sqft , 2026-10-06
12902 Modena Trl
Milwood
$335,000 $247 3 bd / 3 ba 1,358 sqft , 2026-07-24
7708 NW San Felipe Blvd
San Felipe Twnhms
$344,900 $207 2 bd / 3 ba 1,663 sqft , 2026-07-31
12918 Humphrey Dr
Milwood Sec 28
$345,000 $254 3 bd / 3 ba 1,358 sqft , 2026-06-13

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 October 2, 2026.

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