Active Listing  ·  67 days on market

542 Running Bird Rd

Austin, TX 78737
$979,000
4 Bed 4 Bath 3,680 sqft $266/sqft Built 2022 0.22 acres 3-Car Garage Pool Parten

Some homes in Parten are still waiting to become something; this one is move-in ready. Situated on a private corner lot near amenities, 542 Running Bird Lane offers a thoughtfully arranged living.

The kitchen carries its own personality; Modern two-tone cabinetry with stacked glass-door uppers, a built-in wine hutch, and matte black hardware throughout that runs consistently across every door and cabinet in the home. Both the primary suite and a second bedroom sit on the main level alongside a dedicated media room and a proper home office -meaning the spaces that get daily use don't require a staircase. The entire main level is hardwood, with tile in the wet areas - no carpet.

Upstairs, two additional bedrooms give guests or family members their own wing. The covered patio runs double-height with a tile floor, and a three-car garage rounds out a layout with no meaningful compromises.

Parten is a low-density community worth choosing for its own reasons. The streets are tree-lined, wildflower-seeded, and quiet in a way that reads less like a planned development. Every home backs onto green space.

This address puts you 4 miles from Dripping Springs ISD’s Cypress Springs Elementary, a new high school under construction, minutes from the Famous Salt Lick BBQ and many of the Hill Country's best wineries. 20 miles from downtown Austin when the city calls. Austin Airport and the South Austin tech corridor — AMD, ARM, NXP — is also an easy commute from here.

Move-in ready now. Remaining Builder warranties transferable. The new construction math doesn't quite work out the same way once you add it all up. Schedule a tour now!

At $266/sqft, this home is 32% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

542 Running Bird Rd, Austin, TX 78737

Property Details

Price $979,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,680 sqft
Lot Size 0.22 acres (9,757.44 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten
County Hays
Zip Code 78737
$/sqft $266/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. $25,455.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230264688
List Date May 29, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
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
102 Waverly Spire Ct
Lakeway Highlands Ph 01 Sec 02
$979,000 $285 4 bd / 4 ba 3,435 sqft , 2026-03-03
4308 Canoas Dr
River Place Sec 22
$976,000 $303 3 bd / 3 ba 3,224 sqft , 2025-10-17
905 CRESTONE STREAM Dr
Serene Hills Sub Ph 2E; LAKEWAY
$975,000 $271 4 bd / 5 ba 3,603 sqft , 2026-03-01
3012 S 4th St #B
GROVE CONDO AMD
$975,000 $359 4 bd / 3 ba 2,713 sqft , 2026-05-07
13000 Titus Ct
Steiner Ranch
$975,000 $270 5 bd / 4 ba 3,612 sqft , 2026-05-20

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
$4,699/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
$195,800
20% conventional investment loan

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

Estimated Gross Rent+$4,699
Principal + Interest−$5,343
Property Tax (~2.1% TX avg)−$1,713
Insurance (~0.5%)−$408
Est. Monthly Cash Flow $-2,765

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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