Active Listing  ·  42 days on market

202 N Mustang Ave

Cedar Park, TX 78613
$299,900
3 Bed 2 Bath 1,044 sqft $287/sqft Built 2013 0.45 acres Pool Cedar Park Ranchettes 04 Bl

Contact 2nd listing agent (Jared) for showings. A rare chance to own a large lot in a central Cedar Park location with no HOA and room to think beyond the existing footprint. 202 N Mustang Ave features a 3-bedroom, 2-bath home with updated kitchen cabinetry, crown molding, a main-level primary bedroom, and laundry located near the kitchen. The lot is the standout, offering generous outdoor space, established native grasses, seasonal wildflowers, and bluebonnets that return each spring. The adjacent parcel is also available, allowing buyers to explore the potential for a larger combined site if desired. Utilities are already in place, including PEC electric, City of Cedar Park water, and Spectrum service, and the property includes an exclusive electric pole. Located near Costco, HEB, Aldi, shopping, dining, and everyday conveniences, this property offers an appealing mix of current use and future flexibility. Buyer to independently verify zoning, development potential, restrictions, utilities, taxes, and all permitted uses. All values are approximate and to be verified.

At $287/sqft, this home is priced 25% 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

202 N Mustang Ave, Cedar Park, TX 78613

Property Details

Price $299,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,044 sqft
Lot Size 0.45 acres (19,602 sqft)
Year Built 2013
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Cedar Park Ranchettes 04 Bl
County Williamson
Zip Code 78613
$/sqft $287/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,791.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237351945
List Date July 3, 2026
Elementary School Charlotte Cox
Middle School Artie L Henry
High School Vista Ridge
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 · July 3, 2026 $325,000
Current ask $299,900
Reduced $25,100 (-7.7%) 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
200 N Mustang Ave
Cedar Park Ranchettes 04 Bl
$299,900 $287 3 bd / 2 ba 1,044 sqft , 2026-07-03
401 Buttercup Creek Blvd #303
Buttercup Twnhms Bldg 16
$289,999 $216 3 bd / 3 ba 1,341 sqft , 2026-08-06
401 Buttercup Creek Blvd #703
Buttercup
$259,000 $251 2 bd / 3 ba 1,030 sqft , 2026-06-25

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 5, 2026.

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