Active Listing  ·  6 days on market

318 Running Bird Rd

Austin, TX 78737
$985,000
4 Bed 3 Bath 3,003 sqft $328/sqft Built 2022 0.26 acres 4-Car Garage Pool Parten Ranch Ph 5

Beautifully appointed 4-bedroom, 3-bath home in the highly sought-after Parten Ranch, featuring over $100,000 in builder upgrades! This thoughtfully designed home offers an inviting open-concept kitchen, living, and dining area, ideal for both everyday living and entertaining. The living room is anchored by a beautiful fireplace, creating a warm and welcoming gathering space. An enclosed media/flex room with striking steel doors offers added versatility, while a beautifully painted accent finish creates a distinctive and inviting private office. The spacious primary bath serves as a relaxing retreat, complete with a soaking tub and separate shower.

Designer touches continue throughout, including a hand-painted accent wall in one of the secondary bedrooms, additional custom accent walls, and upgraded lighting and ceiling fans. A spacious 4-car garage, oversized mud room, and separate utility room provide exceptional storage and functionality.

Step outside to your own backyard oasis! The covered back porch overlooks a stunning pool, multiple seating areas, and low-maintenance artificial turf, creating the perfect setting for relaxing or entertaining. The fully fenced backyard backs to a peaceful greenbelt, providing added privacy and a beautiful natural backdrop. Best of all, the artificial turf means no mowing!

Parten Ranch residents enjoy an exceptional amenity area featuring a community pool, playground, walking trails, and more. With over $150,000 in builder upgrades, thoughtful design, versatile living spaces, and a resort-style backyard, this home offers an exceptional opportunity in one of the area's most desirable communities.

At $328/sqft, this home is 16% 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

318 Running Bird Rd, Austin, TX 78737

Property Details

Price $985,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,003 sqft
Lot Size 0.26 acres (11,369.16 sqft)
Year Built 2022
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten Ranch Ph 5
County Hays
Zip Code 78737
$/sqft $328/sqft
Days on Market ,
HOA $250/Quarterly
Annual Tax Est. $22,427.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251353115
List Date November 6, 2026
Elementary School Sycamore Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Sycamore Springs · Sycamore Springs · Dripping Springs

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
372 Old Stone Rd
Parten Ranch
$975,000 $319 4 bd / 4 ba 3,061 sqft , 2026-08-27
260 Hawthorne Loop
Rim Rock
$995,000 $329 4 bd / 3 ba 3,020 sqft , 2026-09-30
791 Bird Holw
Parten
$999,900 $330 4 bd / 5 ba 3,032 sqft , 2026-07-14
225 Bird Bath Bnd
Parten
$999,900 $293 4 bd / 4 ba 3,411 sqft , 2026-08-02
505 Bird Holw
Parten Ranch
$999,900 $303 4 bd / 4 ba 3,295 sqft , 2026-08-11

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
$4,728/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
$197,000
20% conventional investment loan

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

Estimated Gross Rent+$4,728
Principal + Interest−$5,376
Property Tax (assumed ~2.1%)−$1,724
Insurance (assumed ~0.5%)−$410
Est. Monthly Cash Flow $-2,782

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 10, 2026.

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

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