Active Listing  ·  8 days on market

5112 Waterbrook Dr

Austin, TX 78723
$674,900
3 Bed 2 Bath 1,578 sqft $428/sqft Built 1958 0.18 acres Pool Windsor Park 03 Sec 01

5112 Waterbrook has been completely reimagined. There is virtually nothing about this home that hasn’t been thoughtfully touched, redesigned or improved. Originally a classic 1950s Windsor Park ranch, it now blends the character of the neighborhood with a warm, organic-modern aesthetic and an exceptional indoor-outdoor lifestyle. Natural light fills the home through expansive picture-frame windows and oversized sliding doors. The remodeled kitchen features creamy white waterfall-edge quartz, European-inspired tile, and beautiful white oak slim-shaker cabinetry with soft-close hardware. The spacious primary suite addition creates a true retreat, with a spa-inspired bath featuring a curved microcement shower and floor-to-ceiling terra-cotta tile. But the real story continues outside. Approximately 600 SF of finished deck creates an incredible entertaining and relaxation space, complete with a shaded cowboy pool and virtually no yard maintenance. The 195 SF vaulted, conditioned wellness center adds another dimension to the property—perfect as an office, gym, yoga studio, creative space, recording studio or guest retreat. With 3 bedrooms, 2 bathrooms and approximately 1,578 SF of total conditioned space, this home was designed from the ground up for how people want to live today while still honoring what makes Windsor Park special.

Every detail has been considered. Every space has a purpose. Completely reimagined and unmistakably Windsor Park. All improvements and additions were fully permitted and passed inspection.

At $428/sqft, this home is priced 9% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5112 Waterbrook Dr, Austin, TX 78723

Property Details

Price $674,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,578 sqft
Lot Size 0.18 acres (7,736.26 sqft)
Year Built 1958
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Windsor Park 03 Sec 01
County Travis
Zip Code 78723
$/sqft $428/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,426.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243409012
List Date August 15, 2026
Elementary School Blanton
Middle School Bertha Sadler Means
High School Northeast Early College
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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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
5210 Gladstone Dr
Windsor Park Hills Sec 06
$685,000 $358 4 bd / 3 ba 1,912 sqft , 2026-07-08
4644 Page St
Mueller Sec Vi Sub
$650,000 $424 2 bd / 3 ba 1,534 sqft , 2026-08-10
4416 Berkman Dr #B
Mueller House Condo Ame
$700,000 $431 3 bd / 2 ba 1,625 sqft , 2026-04-30
2006 Wheless Ln
Windsor Park 02 Sec 01
$724,500 $392 4 bd / 3 ba 1,850 sqft , 2026-08-14
2105 Brunswick Dr
Windsor Park 02 Sec 02
$625,000 $416 3 bd / 2 ba 1,504 sqft , 2026-03-31

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
$3,240/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
$134,980
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,683
Property Tax (~2.1% TX avg)−$1,181
Insurance (~0.5%)−$281
Est. Monthly Cash Flow $-1,905

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 August 22, 2026.

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