Active Listing  ·  193 days on market

13242 Kerrville Folkway None

Austin, TX 78729
$509,000
4 Bed 3 Bath 2,654 sqft $192/sqft Built 1988 0.18 acres 2-Car Garage Pool Milwood Sec 26A

Welcome to a home designed for making memories. Located in the highly acclaimed Round Rock ISD, this spacious 4-bedroom property offers the perfect blend of comfort, convenience, and room to grow—just minutes from Apple, The Domain, and other major employers, with the airport only 20 minutes away.

Inside, you’ll find three separate living areas, giving everyone their own space for movie nights, playrooms, homework zones, or working from home. The home also features both a formal dining room and a breakfast area, ideal for everything from holiday gatherings to casual family meals. A remodeled kitchen sits at the heart of the home, ready for busy mornings and shared dinners.

Recent updates—including new Pella windows, replaced and freshly painted siding, and fresh interior paint—makes this home is truly move-in ready. Cozy up together around the wood-burning, gas-plumbed fireplace during cooler evenings.

Step outside to a backyard your family will love, complete with a pool, new pool equipment, and incredibly affordable annual pool costs of approximately $1,000 per year. The large backyard, shaded by beautiful mature live oak trees, offers plenty of space for play, relaxation, and outdoor entertaining.

The refrigerator, washer, and dryer all convey, making the move even easier. Located in a neighborhood with no HOA and not in the city of Austin limits, makes for easy renovations and the ability to use as an short term rental if needed, families still enjoy access to a park, greenbelt, and community center, creating a true sense of community without extra restrictions.

This is a home where kids can play, families can gather, and life can unfold—an ideal place to put down roots and grow.

At $192/sqft, this home is 51% 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

13242 Kerrville Folkway None, Austin, TX 78729

Property Details

Price $509,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,654 sqft
Lot Size 0.18 acres (8,054.24 sqft)
Year Built 1988
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Milwood Sec 26A
County Williamson
Zip Code 78729
$/sqft $192/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,484.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218198946
List Date February 2, 2026
Elementary School Jollyville
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.

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
7400 Peabody Dr
Milwood Sec 34
$499,000 $255 3 bd / 3 ba 1,960 sqft , 2026-06-24
13020 TAMAYO Dr
MILWOOD
$499,000 $274 3 bd / 3 ba 1,823 sqft , 2026-07-30
8012 Petaca Cv
Los Indios Ph A
$495,000 $205 4 bd / 3 ba 2,415 sqft , 2026-06-11
13248 Kerrville Folkway None
Milwood Sec 26a
$485,000 $169 4 bd / 4 ba 2,871 sqft , 2026-05-22
13109 Sinton Ln
Milwood Sec 22
$539,900 $239 3 bd / 3 ba 2,259 sqft , 2026-05-22

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
$2,443/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
$101,800
20% conventional investment loan

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

Estimated Gross Rent+$2,443
Principal + Interest−$2,778
Property Tax (~2.1% TX avg)−$891
Insurance (~0.5%)−$212
Est. Monthly Cash Flow $-1,438

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 June 24, 2026.

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