Active Listing  ·  106 days on market

1509 Shenandoah Dr

Cedar Park, TX 78613
$449,000
3 Bed 2 Bath 1,321 sqft $340/sqft Built 1980 0.55 acres 2-Car Garage Pool Shenandoah

Rare 1/2 acre lot with little restriction in an amazing Cedar Park Location! Shenandoah, is one of Cedar Park’s most unique neighborhoods, located in the ETJ of Williamson County, with few restrictions. This highly sought-after community offers rare flexibility in the heart of North Austin/Cedar Park. No HOA, no City taxes, no pesky restrictions. Ideal for home-based businesses, RVs, boats, or work equipment. Get chickens and plant a garden. Move in ready home that has been well maintained and updated. Roof 2023, AC 2023, Garage Doors 2026, Remodeled Kitchen & Baths. Situated on a flat 0.5-acre lot, this property stands out in a market where lot sizes continue to shrink. There’s ample space to expand or customize, add a workshop, detached garage, pool, casita, or create a private backyard retreat. Shenandoah is experiencing significant reinvestment, with many homes undergoing major remodels, expansions, and even full rebuilds, highlighting strong long-term value and upside potential. Opportunities like this are becoming increasingly rare so close to Austin. With land, location, and freedom to build, this property is an ideal entry point for buyers looking to create something truly their own while building equity over time. Enjoy the peaceful rural feel, with al major conveniences, shopping, dining, commuter routes and recreation just outside of the neighborhood. Zoned to sought after Leander ISD schools.

At $340/sqft, this home is priced 48% above the Cedar Park active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1509 Shenandoah Dr, Cedar Park, TX 78613

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,321 sqft
Lot Size 0.55 acres (23,958 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shenandoah
County Williamson
Zip Code 78613
$/sqft $340/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,209.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228234019
List Date April 30, 2026
Elementary School Pauline Naumann
Middle School Cedar Park
High School Cedar Park
School District ,

Luke Allen (TREC #788149) has deep knowledge of Cedar Park 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 · April 30, 2026 $495,000
Previous ask $469,000
Current ask $449,000
Reduced $46,000 (-9.3%) 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 Cedar Park

Comparable Listings Right Now

Homes currently for sale in Cedar Park 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
2209 N Celia Dr
Riviera Spgs
$444,000 $329 3 bd / 2 ba 1,351 sqft , 2026-07-10
1414 Shenandoah Dr
Shenandoah Sec 02
$494,000 $376 3 bd / 2 ba 1,315 sqft , 2026-05-14
12103 Mill Holw
Anderson Mill Village 12
$390,000 $315 2 bd / 2 ba 1,240 sqft , 2026-04-17
1317 Mimosa Pass
Anderson Mill West Sec 01
$389,000 $244 3 bd / 2 ba 1,593 sqft , 2026-06-19
3115 Blazing Star Trl
Anderson Mill West Sec 03
$389,000 $250 3 bd / 2 ba 1,554 sqft , 2026-07-10

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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 Park, TX

Cedar Park sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 20 min SE
Dell Technologies HQ 15 min E
Samsung Austin Semiconductor 25 min SE
Tesla Gigafactory 40 min SE

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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 · 30 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. This page was last updated on August 13, 2026.

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