Active Listing  ·  334 days on market

241 Red Tail Hawk Ln

Cedar Creek, TX 78612
$349,900
4 Bed 3 Bath 2,220 sqft $158/sqft Built 2025 0.18 acres 2-Car Garage Pool New Construction Riverbend at Double Eagle

New Coventry Home! From its stately stone-detailed exterior to its thoughtfully designed interior, this two-story home blends timeless charm with modern comfort on an oversized homesite. The private first-floor primary suite offers a peaceful retreat, while three upstairs bedrooms surround a spacious game room—ideal for movies, gaming, or reading. A main-level flex room adapts easily as a home office, study, or gym. The chef-inspired kitchen features an oversized island, abundant cabinetry, Whirlpool stainless steel appliances, a built-in gas cooktop, and a stylish tile backsplash, all flowing into open dining and living areas for seamless entertaining. Step outside to a fully fenced, landscaped backyard with a covered patio perfect for year-round enjoyment, while a full sprinkler system keeps everything lush. Schedule your tour today! ** Ask us about our low interest rates & special financing! Visit Onsite for details – subject to change without notice. **

At $158/sqft, this home is 44% 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

241 Red Tail Hawk Ln, Cedar Creek, TX 78612

Property Details

Price $349,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,220 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverbend at Double Eagle
County Bastrop
Zip Code 78612
$/sqft $158/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. $93.01
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT206014417
List Date September 4, 2025
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 · September 4, 2025 $396,390
Previous ask $359,990
Current ask $349,900
Reduced $46,490 (-11.7%) 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 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
131 Ayres Horn None
Riverbend at Double Eagle
$349,900 $149 4 bd / 3 ba 2,341 sqft , 2025-09-03
149 Ayres Horn None
Riverbend at Double Eagle
$349,900 $189 4 bd / 3 ba 1,849 sqft , 2026-07-31
178 coopers hawk Crst
Riverbend at Double eagle
$349,990 $129 4 bd / 3 ba 2,708 sqft , 2026-05-21
219 High View Ranch Dr
High View Ranch
$354,000 $187 4 bd / 2 ba 1,894 sqft , 2026-06-11
114 Andaman Roost None
Riverbend at Double Eagle
$344,990 $148 4 bd / 3 ba 2,334 sqft , 2026-05-08

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
$1,680/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
$69,980
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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