Active Listing  ·  34 days on market

2012 Castle View Dr

Austin, TX 78728
$425,000
3 Bed 2 Bath 1,707 sqft $249/sqft Built 1984 0.14 acres 2-Car Garage Pool Wells Branch Ph B Sec 03

Seller contribution of $5000 is available to Buyer to buy down their mortgage rate or apply to Buyer's closing costs. Welcome to 2012 Castle View Drive, where classic Wells Branch charm meets an impressive list of recent improvements designed for the way you live today. This three-bedroom, two-bath home offers a surprisingly versatile floor plan with two living areas, vaulted ceilings, a fireplace, separate dining and breakfast areas, a dedicated laundry room, and a two-car garage. And while the home was built in 1984, much of what matters has been refreshed in 2026. A new roof, new HVAC system with new ductwork and vents, and all-new insulation provide meaningful updates behind the scenes. Inside, the transformation continues with fresh interior paint, select new flooring, new ceiling fans and lighting, updated bathroom sinks and plumbing fixtures, new door hardware and locks, and a handsome new stone surround that gives the fireplace a fresh focal point. The kitchen also benefits from a new gas range, microwave, and dishwasher.

Just beyond your front door is one of the best reasons to live in Wells Branch: the lifestyle. Miles of neighborhood trails, pools, parks and recreation invite you outside, while nearby Katherine Fleischer Park and Mills Pond offer plenty of room to walk, play, fish, or simply unwind. Add convenient access to major roadways, The Domain, dining and entertainment, plus major area employers including Apple, Amazon, Dell, Samsung and Tesla, and the location works as hard as the house does. **Established. Updated. Connected. Welcome home to Wells Branch.**

At $249/sqft, this home is 36% 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

2012 Castle View Dr, Austin, TX 78728

Property Details

Price $425,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,707 sqft
Lot Size 0.14 acres (6,102.76 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wells Branch Ph B Sec 03
County Travis
Zip Code 78728
$/sqft $249/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,685.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243237614
List Date September 4, 2026
Elementary School Northwest
Middle School Westview
High School John B Connally
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
14607 Sandy Side Dr
Wells Branch Ph B Sec 01
$429,000 $237 3 bd / 2 ba 1,810 sqft , 2026-09-18
2112 Waterway Bnd
Wells Branch Ph E Sec 01
$420,000 $296 3 bd / 2 ba 1,421 sqft , 2026-03-13
2148 Surrender Ave
Wells Branch Ph C Sec 02
$434,500 $208 3 bd / 3 ba 2,092 sqft , 2026-08-10
2413 Lou John St N
Woods Century Park Sec 02
$434,900 $198 3 bd / 2 ba 2,195 sqft , 2026-06-10
1017 Oatmeal Dr
Lakes At Northtown Sec 04
$414,000 $197 3 bd / 3 ba 2,098 sqft , 2026-09-09

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 October 4, 2026.

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