Active Listing  ·  84 days on market

13248 Kerrville Folkway None

Austin, TX 78729
$485,000
4 Bed 4 Bath 2,871 sqft $169/sqft Built 1988 0.14 acres 2-Car Garage Pool Milwood Sec 26a

From the moment you step inside, the home welcomes you with bright living spaces, multiple dining areas, and a layout designed for both entertaining and everyday comfort. Picture yourself gathering around the breakfast bar while conversations flow effortlessly into the spacious family room. Upstairs, you’ll find all four bedrooms along with three full bathrooms, including a spacious primary bath that creates a true private retreat. Every space feels thoughtfully designed with flexibility, warmth, and room to grow. Updates includes new interior and exterior paint, new floors and carpet.

Step outside and imagine evenings spent on the backyard deck, whether you’re hosting weekend barbecues or simply unwinding under the Texas sky. Located in Milwood, this Northwest Austin community places you minutes from The Domain, major tech employers, parks, shopping, and easy access to Hwy 183 and MoPac, making daily life as convenient as it is enjoyable.

At $169/sqft, this home is 57% 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

13248 Kerrville Folkway None, Austin, TX 78729

Property Details

Price $485,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,871 sqft
Lot Size 0.14 acres (5,924.16 sqft)
Year Built 1988
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Milwood Sec 26a
County Williamson
Zip Code 78729
$/sqft $169/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229773602
List Date May 22, 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.

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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 · May 22, 2026 $549,900
Previous ask $499,000
Current ask $485,000
Reduced $64,900 (-11.8%) 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
8012 Petaca Cv
Los Indios Ph A
$495,000 $205 4 bd / 3 ba 2,415 sqft , 2026-06-11
7400 Peabody Dr
Milwood Sec 34
$499,000 $255 3 bd / 3 ba 1,960 sqft , 2026-06-24
13242 Kerrville Folkway None
Milwood Sec 26A
$509,000 $192 4 bd / 3 ba 2,654 sqft , 2026-02-02
13109 Sinton Ln
Milwood Sec 22
$539,900 $239 3 bd / 3 ba 2,259 sqft , 2026-05-22
13111 Tilder Dr
Milwood Sec 31A
$540,000 $208 3 bd / 3 ba 2,590 sqft , 2026-05-15

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (~2.1% TX avg)−$849
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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 8, 2026.

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