Active Listing  ·  15 days on market

15207 Natural Spring Way

Austin, TX 78728
$485,500
4 Bed 3 Bath 2,111 sqft $230/sqft Built 1997 0.20 acres 2-Car Garage Pool Wells Branch Ph E Sec 03

Move-in-Ready Greenbelt Living in Wells Branch. With miles of trails, Katherine Fleischer Park, Mills Pond, two neighborhood pools, year-round community events, the library just 1.5 blocks away, this is one of Austin's most treasured places to put down roots. Round Rock schools, Google Fiber, and no HOA are the cherry on top. Set against a peaceful greenbelt with no rear neighbors, this home is the whole package! Oversized windows fill every room with natural light while mature trees and visiting herons, hawks, owls, and other wildlife create backyard views that change with the seasons. A rear gate opens directly to the greenspace, inviting you to explore the trails or relax beneath the trees in a hammock. A winding flagstone path, fresh landscaping, limestone masonry, and a welcoming front porch lead inside to soaring ceilings and a freshly repainted interior in timeless Greek Villa. Waterproof Coretec luxury vinyl plank flooring, plantation shutters, generous storage, and a stone fireplace add warmth and character. The kitchen pairs style and function with Bianco Romano granite, glass subway tile, updated stainless appliances, a wraparound island, pantry, and a sunny bay-window breakfast nook overlooking the greenbelt. Upstairs, four sunlit bedrooms all feature walk-in closets. Amazing oversized primary suite with soaring ceilings, two closets - including an oversized walk-in with built-ins - and a spa-inspired bath with a freestanding soaking tub, frameless tiled shower, quartz vanity, and designer finishes. Outside, enjoy an entertaining deck with a gas grill hookup, two storage sheds. The insulated epoxy-floor garage with recessed lighting ready for a workshop, gym, studio, or playroom. Major updates include 2025 AC units, dishwasher, microwave, fresh carpet, and a 2026 refrigerator. Homes that combine this location, setting, and level of care are rare. Come experience one of North Austin's most beloved neighborhoods and see why this one feels like home.

At $230/sqft, this home is 41% 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

15207 Natural Spring Way, Austin, TX 78728

Property Details

Price $485,500
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,111 sqft
Lot Size 0.20 acres (8,572.61 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wells Branch Ph E Sec 03
County Travis
Zip Code 78728
$/sqft $230/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,245.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242598552
List Date August 7, 2026
Elementary School Joe Lee Johnson
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
15413 Ozone Pl
Willow Run Sec 01
$464,700 $240 4 bd / 2 ba 1,940 sqft , 2024-06-21
2148 Surrender Ave
Wells Branch Ph C Sec 02
$457,500 $219 3 bd / 3 ba 2,092 sqft , 2026-08-10
1600 Viki Lynn Ct
North Park Sec 01
$452,000 $223 3 bd / 2 ba 2,026 sqft , 2026-08-10
3704 Kissman Dr
Willow Run Sec 06
$449,900 $227 4 bd / 2 ba 1,980 sqft , 2026-04-25
3929 Katzman Dr
Willow Run Sec 01
$440,000 $163 3 bd / 3 ba 2,699 sqft , 2025-09-13

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
$2,330/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
$97,100
20% conventional investment loan

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

Estimated Gross Rent+$2,330
Principal + Interest−$2,650
Property Tax (~2.1% TX avg)−$850
Insurance (~0.5%)−$202
Est. Monthly Cash Flow $-1,372

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 22, 2026.

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