About This Home

2305 Little Elm is in the heart of Cedar Park! 5 minutes to anywhere - restaurants, schools, grocery stores! 20 minutes from Austin, this home is a perfect location! Boasting 4 bedrooms and 3 bathrooms, the 2776 square feet of this homes easily lives larger. A formal dining space allow family dinners to be focused and intentional time spent together. With the primary on the main floor, kids have their space upstairs. A theatre room or flex space rounds this home out to give everyone the space they need!

At $176/sqft, this home is 23% below the Cedar Park active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2305 Little Elm Trl, Cedar Park, TX 78613

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $489,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,776 sqft

Lot Size 0.17 acres (7,588.15 sqft)

Year Built 1998

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision LAKELINE OAKS SEC 5

County Williamson

Zip Code 78613

$/sqft $176/sqft

Days on Market ,

HOA $120/Annually

Annual Tax Est. $10,320.8

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230807587

List Date May 20, 2026

Elementary School Pauline Naumann

Middle School Cedar Park

High School Cedar Park

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.

Schedule a Call →

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 20, 2026 $545,000

Previous ask $520,000

Current ask $489,000

▼ Reduced $56,000 (-10.3%) 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

2440 Madeline Loop
Hunters Glenn Sec 01 $485,000 $211 4 bd / 3 ba 2,304 sqft , 2026-03-11

1816 Harvest Bend Ln
Red Oaks Sec 3 $499,000 $228 3 bd / 2 ba 2,188 sqft , 2026-07-07

1108 Oliver Loving Cv
Buttercup Creek Ph 04 Sec 07 $475,000 $206 4 bd / 2 ba 2,301 sqft , 2026-06-26

1602 Iris Ln
Cypress Bend Sec 02 Ph A $474,900 $232 3 bd / 3 ba 2,044 sqft , 2026-06-04

2310 MACAW Dr
Anderson Mill West Sec 21 $470,000 $189 4 bd / 3 ba 2,481 sqft , 2026-05-28

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

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 August 13, 2026.

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

2305 Little Elm Trl