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12505 Parkland DR
About This Property
The expansive backyard offers endless possibilities, with plenty of room for a BBQ area, outdoor kitchen, firepit, yard games, play equipment, or your own private retreat. One side yard provides potential space for boat or RV parking, while the opposite side offers additional room for outdoor seating, storage, or entertaining. With this much usable outdoor space, there is no shortage of ways to make the property your own.
Inside, the home has been thoughtfully updated with beautiful vinyl flooring throughout the main living areas, fresh interior and exterior paint, all-new windows, recessed lighting, and updated light fixtures. The remodeled kitchen features quartz countertops, updated cabinetry and finishes, generous workspace, and a bright, modern look. Both bathrooms have been refreshed with stylish tile and updated fixtures, including a spacious walk-in shower in the primary bathroom.
Located in Northwest Austin's ETJ, this property offers the freedom of no HOA and a low estimated tax rate of approximately 1.5114%. The septic system was recently pumped and inspected, adding extra peace of mind for the next owner.
Enjoy convenient access to Hwy 183, SH-45, and MoPac, making it easy to reach major employment centers throughout Northwest Austin. H-E-B Plus!, Lakeline Mall, neighborhood restaurants, shopping, and a popular food-truck park are all nearby. Conveniently located near Apple and other major technology employers and zoned to highly regarded Round Rock ISD. This home delivers the updates, outdoor space, pool, privacy, and location that are becoming increasingly difficult to find in Northwest Austin.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$509,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 19, 2026 | Price Decreased |
$519,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by Austin Absolute Realty | $529,900 | |
| Listed by Austin Absolute Realty | |||
| May 10, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by Levi Rodgers Real Estate Group | $325,000 | |
| Listed by Levi Rodgers Real Estate Group | |||
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Situated on a cul-de-sac in the heart of North Austin, 12505 Parkland Drive offers a rare combination of space, potential, and a prime location. This property sits on an expansive, oversized lot featuring an in-ground pool and a large storage shed, providing a massive backyard canvas ready to be transformed into your private oasis. Inside, the home is a blank slate awaiting your personal touch, already updated with newer laminate flooring throughout the main living areas for a clean, modern feel. Location is everything here; you’re perfectly positioned for an easy commute with rapid access to Hwy 183, SH-45, and MoPac, while everyday conveniences like the HEB Plus! and Lakeline Mall are just minutes away. Situated within the prestigious Round Rock ISD and close to major tech hubs like Apple, this no-HOA gem is a standout opportunity for anyone looking to build equity and create their dream home in 78729.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017