About This Home

Prepare to fall in love with this terrific starter home that can also be a nice home if you are looking to downsize. Small but very cozy & private yard surrounded by trees & shubbery that helps home stay cool during our hot summer days. My favorite features? Gas range & water heater, No carpet for easy cleaning, Beautiful oak tree in the front yard makes for great street appeal, Updated bathrooms, Kitchen opens to dinning and to living area, Granite countertops, Living room with a fireplace, Conveniant Northwest Austin location, Elementary school is close by, Backyard deck is perfect to enhance your outdoor living space.

At $336/sqft, this home is 14% 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

12914 Steeple Chase Dr, Austin, TX 78729

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Property Details

Price $389,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,157 sqft

Lot Size 0.08 acres (3,428.17 sqft)

Year Built 1986

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Milwood Sec 28

County Williamson

Zip Code 78729

$/sqft $336/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,710.49

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242904235

List Date August 9, 2026

Elementary School Pond Springs

Middle School Deerpark

High School McNeil

School District ,

Have Questions About This Property?

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

12613 Olympiad Dr
Milwood Sec 29 $390,000 $297 3 bd / 2 ba 1,312 sqft , 2026-07-10

12917 Leatherback Ln
Arbors at Turtle Rock $350,000 $246 3 bd / 2 ba 1,423 sqft , 2026-08-13

12918 Humphrey Dr
Milwood Sec 28 $345,000 $254 3 bd / 3 ba 1,358 sqft , 2026-06-13

12902 Modena Trl
Milwood $335,000 $247 3 bd / 3 ba 1,358 sqft , 2026-07-24

7003 Tesoro Trl
MILWOOD SEC 26B $459,900 $297 3 bd / 2 ba 1,550 sqft , 2026-07-23

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

$1,867/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

$77,800

20% conventional investment loan

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

Estimated Gross Rent+$1,867

Principal + Interest−$2,123

Property Tax (~2.1% TX avg)−$681

Insurance (~0.5%)−$162

Est. Monthly Cash Flow $-1,099

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

About the Author

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 12, 2026.

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

12914 Steeple Chase Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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