Active Listing  ·  34 days on market

2116 Milan Dr

Cedar Park, TX 78613
$489,000
3 Bed 3 Bath 2,109 sqft $232/sqft Built 1999 0.19 acres 2-Car Garage Pool Ranch At Cypress Creek Sec 08 Rev

Welcome to this newly/fully renovated two-story home in Cedar Park’s desirable Ranch at Cypress Creek community. Positioned on a corner lot, this 3-bedroom, 2.5-bath home offers 2,109 square feet of thoughtfully designed living space where warm wood flooring flows seamlessly through a light-filled, open-concept main level.

The completely renovated kitchen, featuring all-new stainless steel GE appliances, is bright and airy, equipped with ceiling-height upper cabinetry, quartz countertops, and a center island, and opens to a sunlit dine-in breakfast area. The space flows effortlessly into the main living room, offering direct access to an extended covered back porch that provides an ideal setting for enjoying Texas evenings year-round. All three bedrooms are situated upstairs to maximize privacy, including a spacious primary suite complete with an en suite bath highlighted by elegant porcelain finishes.

Located just moments from Elizabeth Milburn Park, residents can easily take advantage of the community pool, BMX track, sports courts, walking trails, and seasonal neighborhood events. Central in Leander ISD with quick access to elementary, middle & Cedar Park High School, residents enjoy convenient access to everyday essentials. Top regional destinations like Cedar Park Library, The Bell District, Lakeline Mall, The Domain, and the H-E-B Center, alongside a quick commute to major employers including Apple, Dell, Visa, and Austin’s tech corridor.

At $232/sqft, this home is priced 3% above the Cedar Park active market average of $225/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2116 Milan Dr, Cedar Park, TX 78613

Property Details

Price $489,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,109 sqft
Lot Size 0.19 acres (8,158.79 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ranch At Cypress Creek Sec 08 Rev
County Williamson
Zip Code 78613
$/sqft $232/sqft
Days on Market ,
HOA $120/Annually
Annual Tax Est. $9,062.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245290517
List Date September 4, 2026
Elementary School Deer Creek
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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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
2211 Kimra Ln
Ranch at Cypress Creek
$489,000 $172 3 bd / 3 ba 2,844 sqft , 2026-08-27
1409 Deer Horn Dr
Buttercup Creek Ph 04 Sec 01-2 Amd
$475,000 $182 4 bd / 3 ba 2,615 sqft , 2026-05-21
1309 Rambling Cv
Buttercup Creek Sec 03 Village 02
$475,000 $221 4 bd / 3 ba 2,150 sqft , 2026-07-17
2305 Little Tree Bnd
Ranch At Cypress Creek Sec 16C
$440,000 $183 3 bd / 3 ba 2,409 sqft , 2025-10-19
1213 ELM FOREST Dr
BUTTERCUP CREEK
$439,000 $170 3 bd / 3 ba 2,576 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
$2,347/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
$97,800
20% conventional investment loan

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

Estimated Gross Rent+$2,347
Principal + Interest−$2,669
Property Tax (~2.1% TX avg)−$856
Insurance (~0.5%)−$204
Est. Monthly Cash Flow $-1,382

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 →