Active Listing  ·  4 days on market

2900 Grimes Ranch Rd

Austin, TX 78732
$849,000
4 Bed 3 Bath 3,088 sqft $275/sqft Built 1999 0.20 acres 2-Car Garage Pool Steiner Ranch Ph 01 Sec 05A

Situated on a desirable corner lot with a private backyard pool and spa, this thoughtfully updated two-story home offers a flexible floorplan, stylish finishes, and more than $20,000 in improvements since 2024. Luxury vinyl plank flooring extends throughout the main living areas and has recently been added to the staircase, upstairs game room, and hallways for a cohesive, low-maintenance look. The updated kitchen features quartz countertops, refreshed cabinetry and hardware, stainless-steel appliances, and generous workspace for everyday cooking and entertaining. The refrigerator will convey with the home, along with the recently purchased washer and dryer. The main-level primary suite provides added privacy and includes a beautifully renovated en-suite bath with modern finishes and ample storage. Upstairs, three additional bedrooms are joined by a spacious game room that can easily accommodate a media space, playroom, home office, or second living area. Updated bathrooms and contemporary lighting throughout the home add to the clean, move-in-ready feel. Outside, the pool and spa create a relaxing backyard retreat ideal for entertaining, unwinding, or enjoying warm Texas days. Recent exterior improvements include repair of the spa blower and a freshly painted fence. Approximately $5,000 in scheduled window repairs and an additional $5,000 in upcoming driveway improvements, including professional concrete lifting and leveling by Groundworks, provide even more value. The garage is equally functional with epoxy flooring, a workbench, and mounted storage shelving. Conveniently located approximately a nine-minute walk from both the elementary and middle schools, this corner-lot home combines extensive updates, versatile living space, and an outdoor setting designed for everyday enjoyment. Schedule a showing today!

At $275/sqft, this home is 30% 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

2900 Grimes Ranch Rd, Austin, TX 78732

Property Details

Price $849,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,088 sqft
Lot Size 0.20 acres (8,794.76 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steiner Ranch Ph 01 Sec 05A
County Travis
Zip Code 78732
$/sqft $275/sqft
Days on Market ,
HOA $1,207/Annually
Annual Tax Est. $12,415.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245563854
List Date September 18, 2026
Elementary School Laura Welch Bush
Middle School Canyon Ridge
High School Vandegrift
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.

Schedule a Call →

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
12600 Schreiner Ct
Steiner Ranch Ph 01 Sec 02-A
$850,000 $257 4 bd / 3 ba 3,308 sqft , 2026-05-29
2605 Shire Ridge Dr
Steiner Ranch Ph 01 Sec 06D
$885,000 $274 4 bd / 4 ba 3,225 sqft , 2026-07-29
12717 Lee Park Ln
Steiner Ranch Parkside
$795,000 $273 3 bd / 3 ba 2,912 sqft , 2026-08-07
12516 Uvalde Creek Dr
Steiner Ranch Ph 01 Sec 09
$785,000 $318 4 bd / 3 ba 2,470 sqft , 2026-05-14
13306 Montview Dr
Montview Acres
$925,000 $280 4 bd / 3 ba 3,300 sqft , 2026-05-14

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
$4,075/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
$169,800
20% conventional investment loan

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

Estimated Gross Rent+$4,075
Principal + Interest−$4,633
Property Tax (~2.1% TX avg)−$1,486
Insurance (~0.5%)−$354
Est. Monthly Cash Flow $-2,398

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 22, 2026.

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