Active Listing  ·  137 days on market

12890 Park Dr

Austin, TX 78732
$8,995,000
5 Bed 7 Bath 5,960 sqft $1,509/sqft Built 2020 2.81 acres 3-Car Garage Pool Waterfront Hughes Park

Over 2+ acres of waterfront! Experience unparalleled luxury on Lake Travis in this contemporary masterpiece. A grand foyer opens to soaring ceilings and panoramic water views, seamlessly connecting the great room to a gourmet chef’s kitchen featuring Wolf/Sub-Zero appliances, quartzite island, and a full catering kitchen. Entertainers will love the high-end bar with a pass-through window serving a stunning infinity-edge pool and spa.

The primary retreat offers ultimate privacy with a fingerprint-locked laundry and spa-like bath. All 5 bedrooms feature private balconies with lake vistas. Work from the glass-walled office or sweat in the scenic gym. Elite extras: Private boat dock with brand new tram, elevator, 3-car garage with Tesla chargers, solar landscaping, and mosquito control. Modern elegance, perfected.

At $1,509/sqft, this home is priced 286% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

12890 Park Dr, Austin, TX 78732

Property Details

Price $8,995,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 2
Living Area 5,960 sqft
Lot Size 2.81 acres (122,551.7 sqft)
Year Built 2020
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hughes Park
County Travis
Zip Code 78732
$/sqft $1,509/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $82,131.5
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT223142328
List Date March 20, 2026
Elementary School Steiner Ranch
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.

Schedule a Call →

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
14419 Agarita Rd #D
Estates At Commanders Point
$8,999,000 $1,867 5 bd / 6 ba 4,821 sqft , 2026-07-25
1707 River Hills Rd #B & C
ABS 808 SUR 39 WOFFORD
$9,500,000 $1,497 5 bd / 5 ba 6,347 sqft , 2026-05-08
2306 Bonita St
Tarrytown Oaks
$9,500,000 $1,411 6 bd / 10 ba 6,734 sqft , 2026-08-03
20640 Moreh Peak Pass
Preservation Ranch
$8,300,000 $1,239 5 bd / 8 ba 6,700 sqft , 2026-04-15
4646 Rockcliff Rd
WINDY COVE
$9,750,000 $1,423 5 bd / 6 ba 6,850 sqft , 2026-05-20

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
$43,176/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
$1,799,000
20% conventional investment loan

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

Estimated Gross Rent+$43,176
Principal + Interest−$49,089
Property Tax (~2.1% TX avg)−$15,741
Insurance (~0.5%)−$3,748
Est. Monthly Cash Flow $-25,402

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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