Active Listing  ·  48 days on market

12935 Pegasus St

Austin, TX 78727
$559,900
3 Bed 3 Bath 1,711 sqft $327/sqft Built 1980 0.25 acres 2-Car Garage Pool Northwood

Beautifully updated North Austin home, with space, privacy and an unbeatable location just minutes from The Domain, Apple and Q2 Stadium. With 1700+ square feet this 3 bedroom, 2.5 bath home features exceptionally spacious bedrooms, including a primary suite featuring a fully remodeled ensuite. Natural light fills the home and gives it a warm welcoming feel from the moment you walk in. The backyard is designed for outdoor living, featuring a custom fire pit area, drip irrigation, and towering mature live oak trees that create a beautiful shaded natural canopy. The corner lot adds a little extra breathing room and privacy you don't always find. Thoughtful updates include new flooring, roof, windows, updated bathrooms, and a newly built deck, along with tankless water heater and smart home features. The finished garage provides flexibility for storage, a gym or a workspace. All set in a quiet, established neighborhood just 15 minutes to Downtown Austin.

At $327/sqft, this home is 17% 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

12935 Pegasus St, Austin, TX 78727

Property Details

Price $559,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,711 sqft
Lot Size 0.25 acres (10,890 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northwood
County Travis
Zip Code 78727
$/sqft $327/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244121164
List Date August 21, 2026
Elementary School Summitt
Middle School Murchison
High School Anderson
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
2705 Harrowden Dr
North Shields Sec 01
$560,000 $270 4 bd / 2 ba 2,071 sqft , 2026-08-15
12217 Antoinette Pl
Milwood Sec 07
$550,000 $306 3 bd / 3 ba 1,796 sqft , 2026-10-06
3609 Oak Creek Dr
Northwood Sec 06
$550,000 $387 3 bd / 2 ba 1,420 sqft , 2026-10-07
3802 Hawkshead Dr
Milwood Sec 04
$595,000 $314 4 bd / 2 ba 1,895 sqft , 2026-05-31
3907 Skipton Dr
Milwood Sec 04
$599,900 $369 4 bd / 2 ba 1,627 sqft , 2026-05-07

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
$2,688/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
$111,980
20% conventional investment loan

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

Estimated Gross Rent+$2,688
Principal + Interest−$3,056
Property Tax (~2.1% TX avg)−$980
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,581

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 August 22, 2026.

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