Active Listing  ·  70 days on market

586 Two Creeks Ln

Austin, TX 78737
$839,900
4 Bed 4 Bath 3,008 sqft $279/sqft Built 2022 0.24 acres 3-Car Garage Pool Parten Ranch Ph 2B

Set in sought-after Parten Ranch, this move-in ready 4-bedroom, 3.5-bath home offers extensive upgrades and a greenbelt view. Located in acclaimed Dripping Springs ISD and approximately 20 minutes from Downtown Austin, the home has been exceptionally well cared for and offers an ideal combination of space, modern finishes, and convenience.

Upgraded oak flooring runs through the main living areas, complemented by abundant natural light and large sliding glass doors opening to the extended covered patio. The kitchen features numerous builder upgrades, including a farmhouse sink, oversized island, upgraded cabinetry and finishes, and generous counter and storage space. It opens directly to the main living area with a beautiful gas fireplace.

The floor plan includes four bedrooms, a dedicated study, and a separate playroom or entertainment room with upgraded carpet. The primary suite features an upgraded extension with bay windows, an ensuite bath with a separate shower, soaking tub, double vanities, and a customized walk-in closet with a California Closet system. A pass-through laundry room off the primary closet includes additional cabinetry and storage. Three additional bedrooms and upgraded bathrooms complete the home.

Outside, the east-facing extended covered patio overlooks greenspace with no immediate rear neighbor, creating a more open and private backyard setting.

Additional features include a three-car tandem garage with epoxy flooring, EV charger prewiring, security camera prewiring, and numerous builder upgrades.

Parten Ranch residents enjoy a community pool, clubhouse, walking trails, playgrounds, and preserved greenbelts, with easy access to SH-45 and MoPac, Downtown Austin, shopping, dining, major employers, and the airport.

At $279/sqft, this home is 28% 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

586 Two Creeks Ln, Austin, TX 78737

Property Details

Price $839,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,008 sqft
Lot Size 0.24 acres (10,367.28 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten Ranch Ph 2B
County Hays
Zip Code 78737
$/sqft $279/sqft
Days on Market ,
HOA $225/Quarterly
Annual Tax Est. $21,381.88
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244111738
List Date September 3, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress 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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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 3, 2026 $875,000
Previous ask $849,900
Current ask $839,900
▼ Reduced $35,100 (-4.0%) 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
15420 Fox Run Dr
Fox Run Estates
$850,000 $341 3 bd / 2 ba 2,495 sqft , 2026-09-02
365 Pear Tree Ln
Parten
$875,000 $240 5 bd / 5 ba 3,649 sqft , 2026-04-23
229 Fireside Rd
Parten Ranch Ph 5
$879,000 $292 4 bd / 4 ba 3,008 sqft , 2026-10-25
649 Leaning Rock Rdg
Parten
$899,900 $312 4 bd / 4 ba 2,885 sqft , 2026-08-11
651 Bird Holw
Parten Ranch
$899,900 $289 4 bd / 4 ba 3,112 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
$4,032/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
$167,980
20% conventional investment loan

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

Estimated Gross Rent+$4,032
Principal + Interest−$4,584
Property Tax (assumed ~2.1%)−$1,470
Insurance (assumed ~0.5%)−$350
Est. Monthly Cash Flow $-2,372

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 7, 2026.

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

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