Active Listing  ·  60 days on market

14908 Running Deer Trl

Austin, TX 78734
$289,000
2 Bed 1 Bath 848 sqft $341/sqft Built 1983 0.22 acres Pool Apache Shores Sec 05

In the heart of Apache Shores where Lake Austin living, investment potential, and future expansion come together. Whether you’re searching for a primary residence, first home, weekend lake retreat, vacation property, Airbnb investment (buyer to verify restrictions), or long-term rental, this property offers flexibility that is increasingly difficult to find in one of Austin’s most sought-after lake communities.The 848 sq ft The 848 sq ft thoughtful layout maximizes every inch of space. Laminate flooring, an updated kitchen, and a renovated bathroom blend modern convenience with the home’s inviting character. Built-in shelves and an open living area create a comfortable space to relax after a day on the water. The Primary bedroom has a large walk in closet that also contains a stackable washer and dryer, which convey with the property. Step outside onto the trex deck, an ideal setting for morning coffee, entertaining friends, or enjoying peaceful Hill Country evenings. Large backyard features mature trees.One of the home’s most exciting features is the unfinished, plumbed lower level, which provides a unique opportunity to significantly expand the home’s functionality. With space already in place for future improvements, buyers can explore creating additional living space, a guest suite, recreation room, home office, workshop, or studio (buyer to verify permits and intended use). Opportunities like this are increasingly uncommon in Apache Shores and provide tremendous upside for homeowners and investors alike. Apache Shores community residents enjoy neighborhood amenities including private Lake Austin access, a community boat ramp, day dock, lakeside park, swimming area, basketball courts, tennis and pickleball courts, hiking trails, playground, and community center, all with one of the area’s lowest HOA fees.Just minutes from shopping, restaurants, Lake Travis ISD schools

At $341/sqft, this home is 13% 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

14908 Running Deer Trl, Austin, TX 78734

Property Details

Price $289,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 848 sqft
Lot Size 0.22 acres (9,408.96 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Apache Shores Sec 05
County Travis
Zip Code 78734
$/sqft $341/sqft
Days on Market ,
HOA $35/Annually
Annual Tax Est. $4,997.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241221812
List Date July 25, 2026
Elementary School Lake Travis
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 · July 25, 2026 $299,000
Current ask $289,000
Reduced $10,000 (-3.3%) 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
$1,387/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
$57,800
20% conventional investment loan

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

Estimated Gross Rent+$1,387
Principal + Interest−$1,577
Property Tax (~2.1% TX avg)−$506
Insurance (~0.5%)−$120
Est. Monthly Cash Flow $-816

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 3, 2026.

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