Active Listing  ·  20 days on market

2002 McIllwain Cv

Cedar Park, TX 78613
$585,000
5 Bed 3 Bath 2,889 sqft $202/sqft Built 2006 0.33 acres 3-Car Garage Pool Buttercup Creek Ph 05 Sec 10

Welcome to 2002 McIllwain Cv, a charming home tucked away on a quiet cul-de-sac in Cedar Park’s established Buttercup Creek neighborhood. A standout feature is the generously sized lot, offering plenty of room to create the backyard you’ve been envisioning. The fully fenced backyard provides an ideal setting for outdoor dining, a patio, play space, gardening, or simply enjoying Texas evenings.

Inside, wood-style floors extend throughout the home, including all five bedrooms, adding warmth and timeless character. The inviting 5-bedroom, 3-full-bath layout offers flexibility for a variety of needs, with plenty of space for a home office, guest rooms, playroom, hobby space, or additional flex areas.

Residents of Buttercup Creek enjoy a well-established community with neighborhood amenities including parks, playgrounds, walking trails, green spaces, and a community pool, creating plenty of opportunities to enjoy the outdoors close to home. Located in desirable Leander ISD and zoned to Cedar Park High School, and walkable to the Elementary school, this home combines an established neighborhood setting with convenient access to Cedar Park’s shopping, dining, recreation, and everyday amenities. With its oversized lot, cul-de-sac location, original hardwood floors, flexible 5-bedroom layout, and expansive fenced backyard, 2002 McIllwain Cv offers a wonderful opportunity in Buttercup Creek.

At $202/sqft, this home is 10% below the Cedar Park active market average of $225/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2002 McIllwain Cv, Cedar Park, TX 78613

Property Details

Price $585,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,889 sqft
Lot Size 0.33 acres (14,348.66 sqft)
Year Built 2006
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Buttercup Creek Ph 05 Sec 10
County Williamson
Zip Code 78613
$/sqft $202/sqft
Days on Market ,
HOA $340/Annually
Annual Tax Est. $12,559.35
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246807609
List Date September 18, 2026
Elementary School Westside
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.

Schedule a Call →

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
1221 Thistle Trl
Buttercup Crk Sec 02 Village 09
$575,000 $189 5 bd / 4 ba 3,050 sqft , 2026-09-24
1822 Nelson Ranch Loop
Buttercup Creek Ph 05 Sec 01-B
$599,900 $203 4 bd / 3 ba 2,956 sqft , 2026-08-21
104 Whitechapel Ct
Oakmont Forest Sec 01
$549,000 $176 4 bd / 3 ba 3,126 sqft , 2026-07-23
1702 Chalk Cv
Ranch At Cypress Creek Sec 06
$630,000 $177 4 bd / 3 ba 3,558 sqft , 2026-10-07
1806 Nicholas Zane Dr
Buttercup Creek Ph 05 Sec 09
$645,000 $205 4 bd / 3 ba 3,151 sqft , 2026-09-17

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
$2,808/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
$117,000
20% conventional investment loan

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

Estimated Gross Rent+$2,808
Principal + Interest−$3,193
Property Tax (~2.1% TX avg)−$1,024
Insurance (~0.5%)−$244
Est. Monthly Cash Flow $-1,653

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 20, 2026.

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