Active Listing  ·  14 days on market

1514 Luray Dr

Cedar Park, TX 78613
$340,000
3 Bed 2 Bath 1,224 sqft $278/sqft Built 1979 0.24 acres Pool Shenandoah Sec 03

Welcome to 1415 Luray Drive, a light filled Cedar Park home with room to make it your own. This 3 bedroom, 1.5 bath home offers 1,224 square feet, vaulted ceilings in the living room and primary bedroom, and an updated kitchen with stone countertops and stainless steel appliances. Outside, a spacious covered patio extends your living space into the backyard, while a large storage shed and two car covered carport add everyday convenience.

Set on a corner lot, the property offers the ability to add a second revenue producing unit with separate access from Blue Ridge Drive, subject to county approval. With a long rental history and minimal tenant turnover under the current owner, it’s an appealing option for a first time homebuyer, rental property investor, or buyer looking for a Cedar Park home with future potential. All information deemed reliable buy not guaranteed, Buyer to verify all information.

At $278/sqft, this home is priced 24% above the Cedar Park active market average of $225/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1514 Luray Dr, Cedar Park, TX 78613

Property Details

Price $340,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,224 sqft
Lot Size 0.24 acres (10,641.71 sqft)
Year Built 1979
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Shenandoah Sec 03
County Williamson
Zip Code 78613
$/sqft $278/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,068
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247879434
List Date September 24, 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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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
1404 Piney Creek Ln
Anderson Mill West Sec 01
$335,000 $222 3 bd / 3 ba 1,507 sqft , 2026-08-05
12508 Piper Ct
Pecan Park Garden Estates
$349,000 $233 3 bd / 3 ba 1,500 sqft , 2026-04-17
12107 Scissortail Dr
Woodland Village Anderson Mill Sec 01 Blk
$369,000 $266 4 bd / 2 ba 1,385 sqft , 2026-06-17
10419 Firethorn Ln
Village 01 At Anderson Mill
$305,000 $287 3 bd / 2 ba 1,063 sqft , 2026-08-05
12103 Mill Holw
Anderson Mill Village 12
$375,000 $302 2 bd / 2 ba 1,240 sqft , 2026-04-17

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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 September 25, 2026.

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