Active Listing  ·  41 days on market

15204 Parakeet St

Austin, TX 78734
$675,000
4 Bed 3 Bath 2,531 sqft $267/sqft Built 2013 0.28 acres 2-Car Garage Pool Cardinal Hills Unit 03

Space and flexibility define this four-bedroom home situated on a 0.27-acre corner lot with a main-level owner’s suite, three upstairs bedrooms, and an additional flex space. The open-concept main level connects the living, dining, and kitchen areas, while the kitchen features granite countertops, a center island, walk-in pantry, smooth cooktop, and built-in microwave. The downstairs owner’s suite offers direct access to the back deck, a walk-in closet, dual vanities, garden tub, and separate walk-in shower. Upstairs, the flex space provides room for an office, playroom, media room, or additional living area. Outside, mature trees shade the privacy-fenced backyard featuring a spacious deck, additional patio slab, and storage building. A detached two-car garage provides additional parking and storage flexibility. Other highlights include a metal roof, dedicated interior laundry room, attic storage access, high-speed internet availability, and durable stone and cement-fiber exterior.

At $267/sqft, this home is 32% 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

15204 Parakeet St, Austin, TX 78734

Property Details

Price $675,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,531 sqft
Lot Size 0.28 acres (12,000.78 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cardinal Hills Unit 03
County Travis
Zip Code 78734
$/sqft $267/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,653.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243240189
List Date August 12, 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 · August 12, 2026 $699,000
Current ask $675,000
Reduced $24,000 (-3.4%) 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
15101 Foy Dr
Cardinal Hills Estates Unit 11
$697,000 $376 3 bd / 3 ba 1,855 sqft , 2025-01-29
15204 Canary St
Cardinal Hills Unit 03
$724,000 $254 3 bd / 3 ba 2,845 sqft , 2026-07-08
415 Hazeltine Dr
Lakeway Sec Clusters 28 04
$625,000 $292 3 bd / 3 ba 2,141 sqft , 2026-08-06
406 Hazeltine Dr
Lakeway Sec Clusters 28 04
$614,999 $223 3 bd / 4 ba 2,752 sqft , 2026-04-09
15214 Nightingale Ln
Cardinal Hills Unit 01
$599,000 $204 4 bd / 3 ba 2,940 sqft , 2026-04-06

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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 19, 2026.

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