Active Listing  ·  42 days on market

12909 Medina River Way

Austin, TX 78732
$675,000
3 Bed 3 Bath 2,633 sqft $256/sqft Built 2012 0.15 acres 2-Car Garage Pool Steiner Ranch Ph 01 Sec 02-A

Welcome to 12909 Medina River Way, an immaculate one-story home nestled on a private greenbelt lot in highly sought-after Steiner Ranch. Enjoy peaceful views with no neighbors directly behind and gated backyard access to the greenbelt.

Designed for both everyday living and entertaining, the spacious island kitchen features granite countertops, double ovens and a large breakfast area that opens to the family room with a natural gas fireplace. A generous formal dining room with adjoining butler’s pantry is perfect for holidays and special gatherings, while the dedicated study with doors provides a private work-from-home space.

The spacious primary suite overlooks the greenbelt and features a sitting area and high ceilings. The primary bath offers dual vanities, an oversized soaking tub, separate walk-in shower and expansive walk-in closet. Wood floors flow throughout the main living areas, with carpet in the bedrooms. Custom drapes add a beautiful finishing touch in the family room and kitchen.

Additional features include as, “An added bonus—this home features fully owned solar panels, providing significant savings on monthly electricity costs without the burden of a solar lease or loan!”, a convenient mud area off the garage for backpacks and everyday essentials, an oversized garage with room for extra storage or a golf cart, and an outdoor BBQ pit on the back porch. The home has also been professionally cleaned, including the windows and screens, and is truly move-in ready.

Steiner Ranch offers miles of trails, multiple pools, parks, playgrounds, tennis and basketball courts, soccer fields, plus the Lake Club on Lake Austin with boat ramp access. Enjoy nearby dining including Steiner Ranch Steakhouse, Vaqueros Cafe & Cantina, Cho Sushi Japanese Fusion and Sloan + Parker Wine Bar, with convenient access to Four Points and major Northwest Austin employers.

At $256/sqft, this home is 34% 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

12909 Medina River Way, Austin, TX 78732

Property Details

Price $675,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,633 sqft
Lot Size 0.15 acres (6,599.34 sqft)
Year Built 2012
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 02-A
County Travis
Zip Code 78732
$/sqft $256/sqft
Days on Market ,
HOA $603/Semi-Annually
Annual Tax Est. $12,999.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248108305
List Date October 1, 2026
Elementary School Steiner Ranch
Middle School Canyon Ridge
High School Vandegrift
School District Leander ISD

Leander ISD

Steiner Ranch · Canyon Ridge · Vandegrift

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
2950 LANTANA RIDGE Dr
Steiner Ranch Ph 01 Sec 05B
$675,000 $236 4 bd / 3 ba 2,857 sqft , 2026-10-13
3200 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$684,999 $263 4 bd / 3 ba 2,601 sqft , 2026-06-06
4104 Seldalia Trl
Steiner Ranch Ph 02 Sec 04D
$659,000 $228 4 bd / 3 ba 2,892 sqft , 2025-09-18
3008 Burks Ln
Steiner Ranch
$699,000 $273 3 bd / 2 ba 2,563 sqft , 2026-10-08
2845 Lantana Ridge Dr
Steiner Ranch Ph 01 Sec 05A
$644,900 $230 4 bd / 3 ba 2,802 sqft , 2026-08-01

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (assumed ~2.1%)−$1,181
Insurance (assumed ~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 · 41 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. The written content was last updated on November 3, 2026.

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

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