Active Listing  ·  55 days on market

2900 Grimes Ranch Rd

Austin, TX 78732
$799,000
4 Bed 3 Bath 3,088 sqft $259/sqft Built 1999 0.20 acres 2-Car Garage Pool Steiner Ranch Ph 01 Sec 05A

**Renovated and Move-In Ready!** Situated on a desirable corner lot in Steiner Ranch, this beautifully updated two-story home offers a private backyard pool and spa, a versatile floor plan, stylish finishes, and more than $20,000 in improvements since 2024.

Luxury vinyl plank flooring enhances the main living areas and has recently been extended to the staircase, upstairs game room, and hallways, creating a cohesive, modern look with easy maintenance. The refreshed kitchen features quartz countertops, updated cabinetry and hardware, stainless steel appliances, and generous workspace for cooking and entertaining. The refrigerator, along with the recently purchased washer and dryer, will convey with the home.

Privately situated on the main level, the spacious primary suite offers a beautifully renovated en-suite bath with contemporary finishes and ample storage. Upstairs, three additional bedrooms and a generous game room provide exceptional flexibility for a media room, home office, playroom, or second living area. Updated bathrooms and contemporary lighting throughout further enhance the home's fresh, move-in-ready appeal.

Step outside to your own **private backyard retreat**, featuring a sparkling pool and spa—perfect for entertaining, relaxing, and enjoying the Texas sunshine. Recent exterior improvements include a repaired spa blower and freshly painted fence. The garage offers additional functionality with epoxy flooring, a workbench, and mounted storage shelving.

Ideally located in the sought-after Steiner Ranch community, this home is approximately a nine-minute walk from both the elementary and middle schools, with convenient access to neighborhood amenities, parks, trails, and recreation.

**Thoughtfully updated and designed for comfortable everyday living, this exceptional corner-lot home offers the perfect combination of style, flexibility, and resort-inspired outdoor enjoyment.** Schedule your private showing today!

At $259/sqft, this home is 34% below the Austin active market average of $390/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 $799,000
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 $259/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 Leander ISD

Leander ISD

Laura Welch Bush · Canyon Ridge · Vandegrift

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 →

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 · September 18, 2026 $849,000
Previous ask $825,000
Current ask $799,000
▼ Reduced $50,000 (-5.9%) 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
12717 Lee Park Ln
Steiner Ranch Parkside
$795,000 $273 3 bd / 3 ba 2,912 sqft , 2026-08-07
12600 Schreiner Ct
Steiner Ranch Ph 01 Sec 02-A
$825,000 $249 4 bd / 3 ba 3,308 sqft , 2026-05-29
3135 Burks Ln
Steiner Ranch Ph 01 Sec 04B
$749,000 $318 4 bd / 2 ba 2,359 sqft , 2026-10-07
2605 Shire Ridge Dr
Steiner Ranch Ph 01 Sec 06D
$885,000 $274 4 bd / 4 ba 3,225 sqft , 2026-07-29
12816 Majestic Oaks Dr
Steiner Ranch Ph 01 Sec 05C
$699,000 $268 5 bd / 3 ba 2,612 sqft , 2026-07-06

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (assumed ~2.1%)−$1,398
Insurance (assumed ~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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 9, 2026.

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

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