Active Listing  ·  89 days on market

2111 W 12TH St

Austin, TX 78703
$989,000
3 Bed 2 Bath 1,536 sqft $644/sqft Built 1951 0.11 acres Pool Spear G W

An exceptional opportunity in the heart of Deep Eddy — now offered at $989,000! Nestled among multimillion-dollar homes in one of central Austin’s most desirable residential pockets, this beautifully updated 3-bedroom, 2-bath home offers a rare chance to enjoy the coveted Deep Eddy lifestyle for under $1 million.

Location, privacy, and convenience truly set this property apart. Tucked into an established neighborhood just minutes from downtown Austin, Lady Bird Lake, and the Hike-and-Bike Trail, the home enjoys a uniquely private setting with no immediate neighbor on one side, a lovely yard, and an inviting outdoor patio perfect for relaxing or entertaining.

Inside, thoughtful updates include beautiful hardwood floors, new Marvin windows throughout, an updated kitchen with stainless steel appliances, and a versatile split-level floor plan. The main-level primary bedroom offers comfort and convenience, while the lower level features two additional bedrooms, a full bathroom, and a dedicated office or flex space ideal for working from home, guests, or additional living space.

Perfect as a primary residence, low-maintenance lock-and-leave retreat, or second home in Austin, this property combines everyday functionality with an unbeatable central location.

Step outside and enjoy everything that makes Deep Eddy so special. Walk or bike to Deep Eddy Pool, Lady Bird Lake, the Hike-and-Bike Trail, Pool Burger, 68 Degrees, Deep Eddy Cabaret, and the new H-E-B. Zilker Park, downtown Austin, and some of the city’s best restaurants, shopping, and recreation are just minutes away.

Located in the sought-after Casis Elementary attendance zone, this home offers something increasingly difficult to find: a move-in-ready property surrounded by multimillion-dollar homes, with exceptional privacy, outdoor space, and access to the very best of Austin — all for under $1 million.

At $644/sqft, this home is priced 65% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2111 W 12TH St, Austin, TX 78703

Property Details

Price $989,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,536 sqft
Lot Size 0.11 acres (4,835.16 sqft)
Year Built 1951
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Spear G W
County Travis
Zip Code 78703
$/sqft $644/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,886
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243558361
List Date August 15, 2026
Elementary School Casis
Middle School O Henry
High School Austin
School District Austin ISD

Austin ISD

Casis · O Henry · Austin

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 15, 2026 $1,100,000
Previous ask $999,000
Current ask $989,000
▼ Reduced $111,000 (-10.1%) 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.

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
2612 W 12th St #1
12th Street Court Condo
$990,000 $674 3 bd / 2 ba 1,468 sqft , 2026-10-28
2100 Highgrove Ter
Royal Oak
$999,000 $550 3 bd / 2 ba 1,816 sqft , 2026-10-16
2111 W 10th St
Marlton Place Sec 02
$950,000 $679 3 bd / 2 ba 1,400 sqft , 2026-08-25
300 Bowie St #1403
Spring Condo Amd
$1,045,000 $619 3 bd / 3 ba 1,687 sqft , 2026-05-30
901 W 9th St #706
Nokonah Condo Amd
$1,050,000 $652 2 bd / 3 ba 1,611 sqft , 2026-02-04

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
$4,747/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
$197,800
20% conventional investment loan

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

Estimated Gross Rent+$4,747
Principal + Interest−$5,397
Property Tax (assumed ~2.1%)−$1,731
Insurance (assumed ~0.5%)−$412
Est. Monthly Cash Flow $-2,793

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 · 41 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. The written content was last updated on November 5, 2026.

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

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