Active Listing  ·  13 days on market

2812 Cascade Falls Dr

Austin, TX 78738
$679,000
3 Bed 2 Bath 2,235 sqft $304/sqft Built 2000 0.34 acres 2-Car Garage Pool Lake Pointe Sec 03 Ph 02

Beautifully updated single-story home nestled in a quiet cul-de-sac within the sought-after Lake Pointe community of Austin. This 3-bedroom, 2-bathroom residence spans 2,235 square feet and sits on a generous 0.34-acre lot, offering both comfort and privacy.

Step inside to discover an open-concept layout featuring high ceilings, crown molding, and recessed lighting. The fully remodeled kitchen is a chef's delight, boasting modern appliances and ample counter space. The primary suite offers a tranquil retreat with a spacious walk-in closet and a luxurious en-suite bathroom. The third bedroom is could be utilized as a home office, providing flexibility to suit your needs.

Enjoy the sunroom that overlooks a large patio adorned with mature landscaping, a serene water feature, and a propane fire pit—perfect for outdoor entertaining. Additional features include a gas fireplace in the living room, a whole-house water filtration system, and an in-unit laundry room. The property also includes a two-car attached garage, new HVAC and a private fenced yard. The washing machine, dryer, and refrigerator are included with the home. The Lake Pointe on Lake Austin Homeowners Association (HOA) offers a variety of amenities designed to enhance the lifestyle of its residents. These include: Community Center with pool and private event space, access to tennis and basketball courts, hiking trails, a dog park and so much more!

Additionally, the Lake Pointe Municipal Utility District (MUD) maintains amenities such as Vista Pointe Park, the Lake Pointe Swim Dock, and the Lake Pointe Preserve, further contributing to the community's appeal.

Located close to shopping, dining, and top-rated schools within the Lake Travis Independent School District and walking distance to Lake Pointe Elementary, this home combines convenience with elegance. Don't miss the opportunity to make this exceptional property your new home. Assumable loan at 2.99% for VA buyers (buyer to verify eligibility).

At $304/sqft, this home is 22% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2812 Cascade Falls Dr, Austin, TX 78738

Property Details

Price $679,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,235 sqft
Lot Size 0.34 acres (14,853.96 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lake Pointe Sec 03 Ph 02
County Travis
Zip Code 78738
$/sqft $304/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249385543
List Date October 9, 2026
Elementary School Lake Pointe
Middle School Lake Travis
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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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
$3,259/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
$135,800
20% conventional investment loan

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

Estimated Gross Rent+$3,259
Principal + Interest−$3,706
Property Tax (~2.1% TX avg)−$1,188
Insurance (~0.5%)−$283
Est. Monthly Cash Flow $-1,918

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 10, 2026.

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