Active Listing  ·  61 days on market

668 Two Creeks Ln

Austin, TX 78737
$999,450
4 Bed 6 Bath 3,601 sqft $278/sqft Built 2022 0.22 acres 3-Car Garage Pool Parten: 65ft. lots

A rare opportunity in Parten Ranch, 668 Two Creeks Lane is the only Highland Homes 228B floor plan in the entire community. Thoughtfully upgraded and impeccably maintained, this one of a kind home blends exceptional design, functional living spaces, and a backyard built for entertaining.

The versatile floor plan offers four spacious bedrooms, each with its own ensuite bath, including a luxurious primary suite and guest accommodations on the main level. A private study, media room, oversized game room, and dedicated dining and living spaces provide flexibility for work, play, and everyday life.

At the center of the home, the chef's kitchen features Quartz countertops, stainless steel appliances, custom refrigerator surround cabinetry, a large walk in pantry, and an oversized island that flows seamlessly into the breakfast area and family room. A built in buffet creates the perfect coffee bar, serving station, or additional storage space.

The outdoor living experience is where this home truly shines. More than $60,000 was invested in creating a backyard retreat complete with an outdoor kitchen, expanded patio, water feature, extensive landscaping, mature trees, raised planter beds, upgraded irrigation, improved drainage, and multiple gathering spaces designed for dining, relaxing, and entertaining. With no neighbors directly behind, you'll enjoy added privacy and peaceful Hill Country evenings.

Additional upgrades include a premium whole house water filtration system paired with a no salt water softener, EV charger with dedicated breaker, custom garage cabinetry, and overhead garage storage. The separate carriage garage is currently configured as a home gym, offering flexibility for fitness, hobbies, storage,or workshop space.

Pride of ownership is evident throughout. Meticulously cared for and thoughtfully improved, this home offers a rare combination of space, functionality,and lifestyle in one of Southwest Austin's most sought after master planned communities.

At $278/sqft, this home is 29% 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

668 Two Creeks Ln, Austin, TX 78737

Property Details

Price $999,450
Status Active Listing
Beds 4
Full Baths 4
Half Baths 2
Living Area 3,601 sqft
Lot Size 0.22 acres (9,583.2 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten: 65ft. lots
County Hays
Zip Code 78737
$/sqft $278/sqft
Days on Market ,
HOA $225/Quarterly
Annual Tax Est. $24,985.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232387985
List Date June 4, 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
12017 Portobella Dr
Steiner Ranch Ph 02 Sec 03-D
$999,500 $280 4 bd / 4 ba 3,571 sqft , 2026-03-31
4410 Grotto Dr
The Grove
$999,000 $343 3 bd / 4 ba 2,916 sqft , 2026-04-17
10306 D K Ranch Rd
Northwest Hills Ranch 1972 Vai
$999,000 $393 3 bd / 2 ba 2,542 sqft , 2026-05-01
12321 Edenvale Path
Steiner Ranch
$999,000 $285 4 bd / 4 ba 3,500 sqft , 2026-06-18
6022 Mount Bonnell Holw
Cat Mountain Villas Sec 01
$999,000 $390 3 bd / 3 ba 2,561 sqft , 2026-07-09

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
$4,797/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
$199,890
20% conventional investment loan

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

Estimated Gross Rent+$4,797
Principal + Interest−$5,454
Property Tax (~2.1% TX avg)−$1,749
Insurance (~0.5%)−$416
Est. Monthly Cash Flow $-2,822

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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