Active Listing  ·  15 days on market

13020 TAMAYO Dr

Austin, TX 78729
$499,000
3 Bed 3 Bath 1,823 sqft $274/sqft Built 1991 0.15 acres 2-Car Garage Pool MILWOOD

If you're looking for a home that allows you enjoy the outdoors and feel part of a community from day one, this beautifully updated 3-bedroom, 2.5-bath home in Milwood delivers on that lifestyle immediately. Enjoy the Rattan Creek Amenity Center, with its pool, tennis courts, and park, located directly across the street from the front door, and a gate at the back of the property opens directly across the street from the neighborhood hike-and-bike trail entrance. The oversized corner lot has been transformed for real indoor-outdoor living: a custom deck by Roadrunner Decks, a dedicated outdoor dining area, mature shade trees, and plenty of open lawn for a game of disc golf or barbecuing with friends.

Inside, sun-filled interiors with high ceilings and a flexible two-living-area floor plan adapt easily to an extra-large dining/entertaining room, music room, or play space. Enjoy a view of the backyard as you are doing dishes in the beautifully updated kitchen. Guests have plenty of room to relax and hang out in the den around the fireplace and catch an FC game or a new movie. Laundry and a half bath are also located on the main level.

Upstairs are all three spacious bedrooms and are configured well, not on top of each other. Both bathrooms have been updated. The closet space is just incredible.

Less than a mile to Apple's North Austin campus, minutes to the broader tech corridor, and a short drive to The Arboretum, Domain. And soccer stadium. With 4 parking spaces, an attached 2-car garage with a Tesla charger currently installed, and no HOA, this move-in-ready home offers space, community, and everyday convenience in a prime NW Austin setting.

Home is in ETJ and does not require STR license if that is of interest to buyers. Also close to 7700 Parmer, site of a future mixed use development.

At $274/sqft, this home is 30% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

13020 TAMAYO Dr, Austin, TX 78729

Property Details

Price $499,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,823 sqft
Lot Size 0.15 acres (6,669.04 sqft)
Year Built 1991
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision MILWOOD
County Travis
Zip Code 78729
$/sqft $274/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,615.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239264315
List Date July 30, 2026
Elementary School Pond Springs
Middle School Deerpark
High School McNeil
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 30, 2026 $525,000
Current ask $499,000
Reduced $26,000 (-5.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
7400 Peabody Dr
Milwood Sec 34
$499,000 $255 3 bd / 3 ba 1,960 sqft , 2026-06-24
8325 Osborne Dr
Milwood Sec 40A
$499,900 $333 3 bd / 3 ba 1,502 sqft , 2026-05-17
8012 Petaca Cv
Los Indios Ph A
$495,000 $205 4 bd / 3 ba 2,415 sqft , 2026-06-11
8105 Elkhorn Mountain Trl
Hunters Chase Sec 01
$469,000 $229 4 bd / 2 ba 2,052 sqft , 2026-03-20
8905 Bridgewood Trl
Springwoods Sec 02e
$465,000 $217 4 bd / 3 ba 2,139 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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 14, 2026.

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