Active Listing  ·  77 days on market

1605 Azalea Dr

Cedar Park, TX 78613
$423,000
4 Bed 2 Bath 1,777 sqft $238/sqft Built 1995 0.17 acres 2-Car Garage Pool Cypress Bend Sec 02 Ph B

$3K PRICE INCREASE REFLECTS BACKYARD UPDATES SCHEDULED FOR 8/17/26! Xeriscaping rock will be removed, leaving a 4-ft border along the fence, with new topsoil & grass seed added to create a greener, more usable backyard! Recently updated 4 Bed/2 Bath home in highly desirable Cypress Bend in Cedar Park! This spacious mother-in-law floor plan features soaring 10-ft ceilings, fresh interior paint, freshly painted 42” cabinets, crown molding, new luxury vinyl plank flooring, new carpet & an inviting wood-burning fireplace. The open kitchen shines with quartz countertops, breakfast bar & newer stainless steel appliances replaced approx. 2–3 years ago. Front bedroom is perfectly positioned for a private office/study. Open floor plan offers both breakfast area & formal dining. Spacious primary suite provides privacy from secondary bedrooms. Step outside to a large covered patio overlooking the backyard—perfect for relaxing, entertaining, kids & pets! Major updates include roof & water heater, both replaced approx. 2 years ago. Additional features include spacious secondary bedrooms, great storage & ceiling fans throughout. Fantastic Cedar Park location zoned to Naumann Elementary, Cedar Park Middle & Cedar Park High School, winner of the 2025 UIL 5A Lone Star Cup! Just a short walk to 42-acre Elizabeth Milburn Park featuring swimming pool/water slides, tennis, sand volleyball, basketball, soccer fields, playgrounds, trails, picnic areas, community garden & BMX pump track. Enjoy concerts, food trucks, movies in the park & annual fireworks close to home! Cypress Bend offers mature tree-lined streets, sidewalks & a voluntary HOA. Conveniently located near H-E-B, Costco, Lakeline Mall, restaurants, shopping & entertainment, with easy access to 183, 183A Toll & major North Austin employers. Minutes to The Bell District, Lakeline Park & Brushy Creek trails. A fantastic opportunity to enjoy an updated home, improved backyard & prime Cedar Park location!

At $238/sqft, this home is priced 4% 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

1605 Azalea Dr, Cedar Park, TX 78613

Property Details

Price $423,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,777 sqft
Lot Size 0.17 acres (7,387.78 sqft)
Year Built 1995
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Bend Sec 02 Ph B
County Williamson
Zip Code 78613
$/sqft $238/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,583.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231647875
List Date May 29, 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 · May 29, 2026 $429,900
Previous ask $419,900
Current ask $423,000
Reduced $6,900 (-1.6%) 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
2000 Dayflower Trce
Anderson Mill West Sec 14
$435,000 $203 4 bd / 2 ba 2,140 sqft , 2026-07-24
2213 Little Tree Bnd
Ranch At Cypress Creek Sec 16C
$439,900 $230 3 bd / 2 ba 1,915 sqft , 2026-08-05
1201 Deer Grove Dr
Buttercup Creek Sec 03 Village 02
$400,000 $194 3 bd / 3 ba 2,064 sqft , 2026-05-07
1710 Persimmon Rd
Anderson Mill West Sec 05
$448,000 $193 3 bd / 3 ba 2,325 sqft , 2026-06-15
2114 Milan Dr
Ranch At Cypress Creek Sec 08 Rev
$449,000 $200 4 bd / 3 ba 2,244 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
$2,030/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
$84,600
20% conventional investment loan

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

Estimated Gross Rent+$2,030
Principal + Interest−$2,308
Property Tax (~2.1% TX avg)−$740
Insurance (~0.5%)−$176
Est. Monthly Cash Flow $-1,194

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 14, 2026.

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