Active Listing  ·  50 days on market

13700 Sage Grouse Dr #701

Austin, TX 78729
$385,000
3 Bed 3 Bath 1,516 sqft $254/sqft Built 2016 2-Car Garage Pool Parmer Villas Condo Bldg 7

Turnkey or lock & go furnished townhome for investors and owner-occupants alike. FIRST FLOOR PRIMARY SUITE. All Furnishings & furniture convey - appliances, cookware, dishes, linens, towels, lamps, and household essentials. For an investor, the property offers an established STR history with 5-star reviews; durations of 60 days or longer with some guests remaining for a year or more. Rental income history is available to qualified buyers. Fabulous, flexible two-level floor plan. Main level includes primary bedroom with private bath and walk-in shower along w kitchen, dining, and living areas, plus a powder bath. Upstairs second bedroom and full bath, and a third bedroom that can function as a spacious loft, separate second living area, home office, or a combination office/lounge. The layout works especially well for extended-stay tenants, roommates, guests, professionals working from home or an owner who simply wants greater separation of living space. Vaulted ceilings and open layout create a comfortable, spacious feel. Private end unit property with no residence directly behind and a small park along one side provides privacy and quite evenings. Enjoy a covered back patio, attached two-car garage, one of two community pools near, and access to neighborhood trails along the Lake Creek area. The Town & Country Optimist Youth Sports Complex is located just beyond the community, and home is walking distance to a few local restaurants and coffee shop. Professionally maintained HOA, quite neighbors and fantastic location with major NW Austin highway easy access, 5 minutes from Apple’s main campus, 10-15 mins drive to The Domain, commuter train and the future UT Dell medical, research and advanced technology campus.

At $254/sqft, this home is 35% 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

13700 Sage Grouse Dr #701, Austin, TX 78729

Property Details

Price $385,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,516 sqft
Lot Size ,
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Parmer Villas Condo Bldg 7
County Williamson
Zip Code 78729
$/sqft $254/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $4,911.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243595507
List Date August 19, 2026
Elementary School Live Oak
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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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
8322 Alvin High None
Milwood Sec 40a
$370,000 $232 3 bd / 3 ba 1,593 sqft , 2026-09-22
13201 Briar Hollow Dr
Springwoods Sec 02e
$400,000 $255 3 bd / 2 ba 1,567 sqft , 2026-09-09
8509 Slant Oak Dr
Jolly Oaks
$365,000 $284 3 bd / 2 ba 1,283 sqft , 2026-08-15
8800 White Ibis Dr #130
Parmer Village Condo
$355,000 $257 3 bd / 2 ba 1,382 sqft , 2026-08-14
12804 Michelangelo St
Arbors at Turtle Rock
$349,000 $183 4 bd / 3 ba 1,903 sqft , 2026-09-10

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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 September 1, 2026.

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