Active Listing  ·  203 days on market

4012 Emory Peak Pass

Austin, TX 78731
$1,229,000
4 Bed 5 Bath 3,147 sqft $391/sqft Built 2020 2-Car Garage Pool The Grove

Welcome to 4012 Emory Peak Pass – a stunning and spacious retreat located in the heart of the vibrant Grove community! This beautifully crafted end unit 4 story, 4-bedroom, 4.5-bathroom condo townhome boasts 3,147 square feet of thoughtfully designed living space, offering a blend of comfort, style, and functionality.

Step inside, and you'll be greeted by an inviting open floor plan that effortlessly pairs sophistication with everyday practicality. The high ceilings give an airy, light-filled ambiance, complemented by rich hardwood floors in the main living areas and cozy carpet in the bedrooms. The expansive living area flows seamlessly into the kitchen, which features sleek countertops, a breakfast bar, and top-of-the-line appliances, including a refrigerator, dishwasher, microwave, range, electric oven, and even a range hood. Whether you're prepping meals or entertaining guests, this kitchen checks all the boxes!

The primary suite and an additional bedroom is located on the third floor and is your personal oasis with a spacious walk-in closet and spa-like ensuite bathroom. Enjoy first floor bedroom with nearby bath as a secondary/guest bedroom, workout space or office/study. The Second floor includes a large living area, spacious kitchen and dining area. The 4th floor has a large game room area, a guest bedroom and bath and another outdoor covered patio!

Outside, this home truly shines with multiple private outdoor spaces. Sit back and relax on your covered porch, or sip a morning coffee on the balcony, taking in serene city views. The deck provides even more opportunities to enjoy the outdoors, whether you're hosting a weekend barbecue or simply soaking up the Texas sun. And no need to worry about parking—a two-car attached garage and additional included parking provide plenty of convenience.

For ultimate convenience, this home is elevator-equipped. The common outdoor space adds to the charm, offering additional areas to relax or socialize.

At $391/sqft, this home is priced in line with the Austin market average of $393/sqft across 4,588 active listings. View Austin market report →

Location

4012 Emory Peak Pass, Austin, TX 78731

Property Details

Price $1,229,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,147 sqft
Lot Size ,
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Grove
County Travis
Zip Code 78731
$/sqft $391/sqft
Days on Market ,
HOA $442/Monthly
Annual Tax Est. $20,209.26
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220908783
List Date March 3, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
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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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 · March 3, 2026 $1,279,000
Current ask $1,229,000
Reduced $50,000 (-3.9%) 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
4206 Endurance Way
Grove Master Condos
$1,249,990 $382 3 bd / 4 ba 3,270 sqft , 2026-04-30
4202 Endurance Way
Grove Master Condos
$1,194,990 $365 3 bd / 4 ba 3,270 sqft , 2026-04-30
1809 W 39th St #A/B
Ridgelea
$1,275,000 $407 5 bd / 3 ba 3,132 sqft , 2026-07-15
1204 W 39th St
L L Crane
$1,150,000 $418 4 bd / 4 ba 2,752 sqft , 2026-07-29
1603 W 39th 1/2 St #A
1603 West 39th 1/2 Street Condo
$1,150,000 $553 3 bd / 3 ba 2,079 sqft , 2026-08-20

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
$5,899/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
$245,800
20% conventional investment loan

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

Estimated Gross Rent+$5,899
Principal + Interest−$6,707
Property Tax (~2.1% TX avg)−$2,151
Insurance (~0.5%)−$512
Est. Monthly Cash Flow $-3,471

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 July 31, 2026.

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