Active Listing  ·  184 days on market

235 Red Tail Hawk Ln

Cedar Creek, TX 78612
$314,900
4 Bed 3 Bath 2,005 sqft $157/sqft Built 2026 0.18 acres 2-Car Garage Pool New Construction Riverbend at Double Eagle

New Coventry Home! The Young floor plan is a spacious and functional one-story design offering 4 bedrooms, 3 full bathrooms, and a convenient two-car garage. This layout is ideal for modern living, with an open flow connecting key spaces like the great room, dining area, and kitchen, all perfectly positioned for both everyday activities and entertaining guests. The large kitchen features ample counter space, an island, and a pantry, providing plenty of room for storage and meal preparation. A cozy covered patio just off the dining room creates a seamless connection to the outdoors for relaxation or casual dining.

The primary bedroom suite is privately located and includes a luxurious bathroom and a generously sized walk-in closet. Three additional bedrooms are thoughtfully positioned throughout the home, with Bedroom 4 featuring its own access to a full bathroom, making it perfect for guests or multi-generational living. A flex room near the center of the home offers versatility, allowing you to create a home office, playroom, or hobby space that suits your needs. Designed with comfort and efficiency in mind, the Young floorplan combines modern features and a practical layout, making it an excellent choice for those seeking a stylish single-story home with plenty of space for family and friends.

At $157/sqft, this home is 40% below the Cedar Creek active market average of $262/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

235 Red Tail Hawk Ln, Cedar Creek, TX 78612

Property Details

Price $314,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,005 sqft
Lot Size 0.18 acres (7,797.24 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverbend at Double Eagle
County Bastrop
Zip Code 78612
$/sqft $157/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT229762788
List Date May 12, 2026
Elementary School Bluebonnet (Bastrop ISD)
Middle School Cedar Creek
High School Cedar Creek
School District Bastrop ISD

Bastrop ISD

Bluebonnet (Bastrop ISD) · Cedar Creek · Cedar Creek

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.

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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 · May 12, 2026 $369,900
Previous ask $329,900
Current ask $314,900
▼ Reduced $55,000 (-14.9%) 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
231 Red Tail Hawk Ln
Riverbend at Double Eagle
$314,990 $157 4 bd / 3 ba 2,012 sqft , 2026-05-26
135 Coopers Hawk Crst
Riverbend at Double Eagle
$311,990 $174 3 bd / 2 ba 1,792 sqft , 2026-06-10
282 Red Tail Hawk Ln
Riverbend at Double Eagle
$311,990 $185 4 bd / 2 ba 1,688 sqft , 2026-10-13
145 Ayres Horn None
Riverbend at Double Eagle
$309,900 $155 4 bd / 3 ba 2,005 sqft , 2025-09-04
149 Ayres Horn None
Riverbend at Double Eagle
$319,900 $173 4 bd / 3 ba 1,849 sqft , 2026-07-31

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
$1,512/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
$62,980
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (assumed ~2.1%)−$551
Insurance (assumed ~0.5%)−$131
Est. Monthly Cash Flow $-889

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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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 · 41 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. The written content was last updated on November 11, 2026.

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

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