Active Listing  ·  159 days on market

14501 Falcon Head Blvd #20

Austin, TX 78738
$475,000
3 Bed 2 Bath 1,462 sqft $325/sqft Built 2011 0.18 acres 1-Car Garage Pool Cottages At Spillman Ridge Con

Welcome to a beautifully maintained lock-and-leave home in one of the most desirable pockets of Falconhead, offering the perfect blend of comfort, convenience, and low-maintenance living.

This charming 3-bedroom, 2-bath Craftsman-style home features an open-concept layout with rich wood flooring, abundant natural light, and a seamless flow ideal for both everyday living and entertaining. The kitchen is thoughtfully designed with granite countertops, stainless steel appliances, and ample cabinetry, opening directly to the dining and living areas.

The spacious primary suite offers a private retreat with dual vanities and a walk in closet. Two additional bedrooms provide flexibility for guests, a home office, or growing needs.

Step outside to enjoy a private fenced yard and covered patio, perfect for relaxing evenings or weekend gatherings.

Located in a niche, well-kept community with access to a pool and low-maintenance lifestyle, this home is just minutes from Hill Country Galleria, Lakeway Medical, parks, dining, and major highways (620 & 71) — with easy access to Downtown Austin and the airport.

Whether you're looking for a primary residence, second home, or investment opportunity, this property offers location, lifestyle, and value all in one.

At $325/sqft, this home is 17% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

14501 Falcon Head Blvd #20, Austin, TX 78738

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,462 sqft
Lot Size 0.18 acres (8,015.04 sqft)
Year Built 2011
Garage 1 spaces
Stories ,
Type Residential · See Remarks
Subdivision Cottages At Spillman Ridge Con
County Travis
Zip Code 78738
$/sqft $325/sqft
Days on Market ,
HOA $270/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226658714
List Date April 17, 2026
Elementary School Lakeway
Middle School Hudson Bend
High School Lake Travis
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 · April 17, 2026 $485,000
Previous ask $476,500
Current ask $475,000
Reduced $10,000 (-2.1%) 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.

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 12, 2026.

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