About This Home

Enjoy easy, lock-and-leave living at The Arbors of Turtle Rock, a desirable condo community in Northwest Austin with fenced private backyards and a low-maintenance lifestyle. Ideally located near Lakeline Mall, H-E-B, H Mart, restaurants, parks, and nearby hike-and-bike trails, with convenient access to major roads and employers. Zoned to highly rated Round Rock ISD schools. This one-story home offers upgraded tile flooring, 42-inch cabinets, and a private primary suite with a walk-in shower and walk-in closet.

At $246/sqft, this home is 37% 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

12917 Leatherback Ln, Austin, TX 78729

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $350,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,423 sqft

Lot Size ,

Year Built 2019

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Arbors at Turtle Rock

County Williamson

Zip Code 78729

$/sqft $246/sqft

Days on Market ,

HOA $350/Monthly

Annual Tax Est. $5,919.71

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243177507

List Date August 13, 2026

Elementary School Live Oak

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.

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

12903 Steeple Chase Dr
Milwood Sec 28 $350,000 $201 4 bd / 3 ba 1,740 sqft , 2026-04-18

13400 Briarwick Dr #1802
Parmer Village Townhomes $350,000 $183 3 bd / 3 ba 1,915 sqft , 2026-07-10

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

9723 Moorberry St
Anderson Mill Village $360,000 $227 3 bd / 2 ba 1,587 sqft , 2026-06-05

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

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

$1,680/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

$70,000

20% conventional investment loan

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

Estimated Gross Rent+$1,680

Principal + Interest−$1,910

Property Tax (~2.1% TX avg)−$613

Insurance (~0.5%)−$146

Est. Monthly Cash Flow $-989

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 14, 2026.

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

12917 Leatherback Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate