Active Listing  ·  102 days on market

1328 State Highway 21 None W

Cedar Creek, TX 78612
$599,000
3 Bed 2 Bath 1,800 sqft $333/sqft Built 1995 5.26 acres Pool Vicky Allen Sub

This ~5-acre tract located at 1328 State Highway 21 W offers an excellent opportunity for commercial or investment use, featuring valuable highway frontage that ensures high visibility and easy access. The property is open and usable, making it well-suited for a variety of developments such as retail, service businesses, or mixed-use projects. Its prime location along a well-traveled corridor provides strong traffic exposure and convenience, enhancing its appeal for both business owners and investors seeking a strategically positioned site.

At $333/sqft, this home is priced 19% above the Cedar Creek active market average of $280/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1328 State Highway 21 None W, Cedar Creek, TX 78612

Property Details

Price $599,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,800 sqft
Lot Size 5.26 acres (229,212.72 sqft)
Year Built 1995
Garage ,
Stories ,
Type Residential · Mobile Home
Subdivision Vicky Allen Sub
County Bastrop
Zip Code 78612
$/sqft $333/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,882
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219359639
List Date April 24, 2026
Elementary School Cedar Creek
Middle School Creekside
High School Cedar Creek
School District ,

Luke Allen (TREC #788149) has deep knowledge of Cedar Creek 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 Cedar Creek

Comparable Listings Right Now

Homes currently for sale in Cedar Creek 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
121 Booted Eagle Claw Cv
Double Eagle Ranch
$612,990 $268 4 bd / 3 ba 2,285 sqft , 2026-03-20
142 Triangle Acres None
Triangle
$575,000 $309 4 bd / 2 ba 1,860 sqft , 2026-03-12
376 Jones Rd
Bonneu Estates- Lots 1,2,3&4
$545,000 $279 3 bd / 3 ba 1,952 sqft , 2025-10-14
117 Booted Eagle Claw Cv
Double Eagle Ranch
$499,998 $240 3 bd / 2 ba 2,084 sqft , 2025-04-24
134 Deep Woods Dr
Arbor Hills
$480,000 $236 3 bd / 4 ba 2,034 sqft , 2025-10-10

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 Cedar Creek, TX

Cedar Creek 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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