About This Home

Owner is moving out of state and is motivated to sell. New paint throughout nice fountain in front yard

At $196/sqft, this home is 12% below the Cedar Park active market average of $222/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1606 DISCOVERY Blvd, Cedar Park, TX 78613

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Property Details

Price $375,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,915 sqft

Lot Size ,

Year Built 2005

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision CEDAR PARK TOWN CENTER

County Williamson

Zip Code 78613

$/sqft $196/sqft

Days on Market ,

HOA $55/Monthly

Annual Tax Est. $7,390

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246864019

List Date September 15, 2026

Elementary School Block House

Middle School Artie L Henry

High School Vista Ridge

School District ,

Have Questions About This Property?

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

16201 Mones Ln
Block House Creek Sec 502 $369,000 $157 3 bd / 2 ba 2,343 sqft , 2026-07-20

1710 Big Bend Dr
Cedar Park Towncenter Sec 3 $385,000 $207 4 bd / 3 ba 1,856 sqft , 2026-09-22

16601 Jadestone Dr
Block House Crk Ph E Sec 504 $354,500 $206 3 bd / 2 ba 1,725 sqft , 2026-08-13

304 Bandstand Ln
Forest Oaks Sec 3 Pud $350,000 $175 3 bd / 3 ba 2,001 sqft , 2026-08-21

1223 Peyton Pl
Forest Oaks $400,000 $216 4 bd / 3 ba 1,856 sqft , 2026-07-24

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

$1,800/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

$75,000

20% conventional investment loan

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

Estimated Gross Rent+$1,800

Principal + Interest−$2,047

Property Tax (~2.1% TX avg)−$656

Insurance (~0.5%)−$156

Est. Monthly Cash Flow $-1,059

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

About the Author

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 17, 2026.

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

1606 DISCOVERY Blvd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Cedar Park, TX

More Luxury Homes in Cedar Park

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