Active Listing  ·  53 days on market

15602 Cedar Ledge St

Austin, TX 78734
$479,000
3 Bed 2 Bath 1,462 sqft $328/sqft Built 1996 0.22 acres 2-Car Garage Pool Travis Landing

Enjoy the lake life in one of Austin's most coveted communities, Travis Landing! The +/- 150 homes enjoy exclusive access to a private 35-acre waterfront park on Lake Travis. Just a short walk or golf cart ride away, residents enjoy 2 deep-water boat ramps and resident-only boat storage. Bring your boat, paddleboard, kayak, and sense of adventure! Enjoy the walking trails, frisbee golf and picnic facilities along the beautiful shores. This 3-bedroom, 2-bath home provides a welcoming open layout with kitchen, dining, and family room and private office space designed for easy living. A covered rear patio offers a breezy, peaceful spot to enjoy the outdoors year-round. Heritage Live Oak trees surround the property, complemented by natural landscaping. Additional highlights include a roomy attached 2-car garage and a friendly, walkable neighborhood ideal for pets, kids, and an active lifestyle. Conveniently located yet surrounded by nature, this is a truly special opportunity to enjoy Lake Travis living in one of its most unique and beloved communities. Ideal as a primary residence or second home, the community offers a LOW tax rate, LOW HOA dues, impressive amenities, and exemplary LTISD schools--a rare combination on Lake Travis. This is a coveted GEM and amazing opportunity to have a lakeside lifestyle!

At $328/sqft, this home is 17% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

15602 Cedar Ledge St, Austin, TX 78734

Property Details

Price $479,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,462 sqft
Lot Size 0.22 acres (9,748.73 sqft)
Year Built 1996
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Landing
County Travis
Zip Code 78734
$/sqft $328/sqft
Days on Market ,
HOA $183/Annually
Annual Tax Est. $6,694.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240276939
List Date July 31, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · July 31, 2026 $489,000
Current ask $479,000
Reduced $10,000 (-2.0%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
5001 Pryor Ln
Travis Landing 02 Ph 05
$499,900 $286 3 bd / 2 ba 1,750 sqft , 2026-05-29
15711 La Hacienda Dr
La Hacienda Estates Sec 02
$524,400 $334 4 bd / 3 ba 1,568 sqft , 2026-05-18

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 Austin, TX

Austin 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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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 15, 2026.

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