Active Listing  ·  199 days on market

140 Alum Park Place Dr

Cedar Creek, TX 78612
$300,000
3 Bed 2 Bath 1,188 sqft $253/sqft Built 1996 1.32 acres Pool Alum Creek Estate

Major employers in Cedar Creek, TX, are localized small businesses and contractors (plumbing, roofing, construction), but it's near the larger Bastrop/Austin area, where big names like Dell, H-E-B, Amazon, Tesla, and UT Austin dominate, with many residents commuting to these regional hubs for work in tech, retail, healthcare, and government.

Local Cedar Creek Businesses (Service-Based)

You'll find many smaller, local businesses serving the community and lake area, including:

Construction & Trades: Litchfield Retaining Walls, Prime Excavation, Intex Electrical Contractors, Roberts Roofing.

Services: Local plumbers, handymen, and specialized services.

Retail/Food: Various local shops and restaurants.

Regional Employers (Where many residents work)

Cedar Creek residents often work in nearby larger cities, particularly Bastrop and the Austin metro area. Key employers in that broader region include:

Tech: Dell, Apple, Amazon, Oracle, IBM, Intel, Tesla, National Instruments.

Healthcare: Ascension Seton, Baylor Scott & White, Tenet Healthcare.

Retail/Grocery: H-E-B, Whole Foods.

Government/Education: State of Texas, UT Austin, City of Austin.

At $253/sqft, this home is 10% below the Cedar Creek active market average of $280/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

140 Alum Park Place Dr, Cedar Creek, TX 78612

Property Details

Price $300,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,188 sqft
Lot Size 1.32 acres (57,499.2 sqft)
Year Built 1996
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Alum Creek Estate
County Bastrop
Zip Code 78612
$/sqft $253/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216140511
List Date January 17, 2026
Elementary School Cedar Creek
Middle School Cedar Creek
High School Bastrop
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
135 Side Saddle Dr
High View Ranch, Ph 3a
$299,000 $219 3 bd / 2 ba 1,368 sqft , 2026-06-12
258 Red Tail Hawk Ln
Riverbend at Double Eagle
$301,990 $222 3 bd / 2 ba 1,363 sqft , 2026-05-28
106 Shadow Wood Trl
Elm Ridge
$279,900 $231 3 bd / 2 ba 1,212 sqft , 2026-06-01
128 Ciervo St
Las Alamedas
$255,000 $173 4 bd / 2 ba 1,475 sqft , 2026-05-22
108 Songbird Ct
Elm Ridge
$255,000 $185 3 bd / 2 ba 1,376 sqft , 2026-08-03

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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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