Active Listing  ·  70 days on market

231 Red Tail Hawk Ln

Cedar Creek, TX 78612
$334,990
4 Bed 3 Bath 2,012 sqft $166/sqft Built 2026 0.19 acres 2-Car Garage Pool New Construction Riverbend at Double Eagle

Brand new, energy-efficient home available by May 2026! Convert the teen room of the Hughes to a relaxation oasis or a handy homework space for the kids. From the centrally located laundry room to the gorgeous open kitchen, well thought out design features are found throughout this floorplan. The “Reserve Collection” in Riverbend at Double Eagle features ten single and two-story floorplans. This beautiful master-planned community backs up to the Colorado river and provides residents with scenic country living of Cedar Creek, while enjoying easy access to Downtown Austin due to close proximity to Hwy 71. On-site amenities include a pool, playscape, trails, and pickleball court. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $166/sqft, this home is 41% below the Cedar Creek active market average of $280/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

231 Red Tail Hawk Ln, Cedar Creek, TX 78612

Property Details

Price $334,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,012 sqft
Lot Size 0.19 acres (8,189.28 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverbend at Double Eagle
County Bastrop
Zip Code 78612
$/sqft $166/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT230734615
List Date May 26, 2026
Elementary School Bluebonnet (Bastrop ISD)
Middle School Cedar Creek
High School Cedar Creek
School District ,

Luke Allen (TREC #788149) has deep knowledge of Cedar Creek 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 26, 2026 $348,990
Current ask $334,990
Reduced $14,000 (-4.0%) 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 Creek

Comparable Listings Right Now

Homes currently for sale in Cedar Creek 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
242 Red Tail Hawk Ln
Riverbend at Double Eagle
$330,990 $196 4 bd / 2 ba 1,688 sqft , 2026-07-31
145 Ayres Horn None
Riverbend at Double Eagle
$339,900 $170 4 bd / 3 ba 2,005 sqft , 2025-09-04
247 Red Tail Hawk Ln
Riverbend at Double Eagle
$339,900 $174 4 bd / 3 ba 1,956 sqft , 2025-09-04
135 Coopers Hawk Crst
Riverbend at Double Eagle
$329,990 $181 3 bd / 2 ba 1,825 sqft , 2026-06-10
163 Northside Ln
Navarro, Jose A
$325,000 $184 3 bd / 2 ba 1,768 sqft , 2026-05-21

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
$1,608/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
$66,998
20% conventional investment loan

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

Estimated Gross Rent+$1,608
Principal + Interest−$1,828
Property Tax (~2.1% TX avg)−$586
Insurance (~0.5%)−$140
Est. Monthly Cash Flow $-946

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 Creek, TX

Cedar Creek sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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