Active Listing  ·  334 days on market

247 Red Tail Hawk Ln

Cedar Creek, TX 78612
$339,900
4 Bed 3 Bath 1,956 sqft $174/sqft Built 2025 0.15 acres 2-Car Garage Pool New Construction Riverbend at Double Eagle

New Coventry Home! Welcome to this stunning single-story home designed for modern living with 4 spacious bedrooms, 3 full bathrooms, and a versatile flex room to fit your lifestyle. The open floor plan is flooded with natural light and features beautiful LVP flooring and contemporary finishes throughout. The standout kitchen boasts a quartz island, Whirlpool stainless steel appliances, a built-in gas cooktop, and a large walk-in pantry, flowing seamlessly into the family and dining areas—ideal for casual meals and entertaining. The expansive primary suite offers a serene retreat with a large walk-in closet and plush carpeting, while the en-suite bath features a dual vanity and spa-like shower. Outside, the covered patio extends your living space for alfresco dining or relaxing evenings. Schedule your tour today! ** Ask us about our low interest rates & special financing! Visit Onsite for details – subject to change without notice. **

At $174/sqft, this home is 38% 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

247 Red Tail Hawk Ln, Cedar Creek, TX 78612

Property Details

Price $339,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,956 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverbend at Double Eagle
County Bastrop
Zip Code 78612
$/sqft $174/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. $93.01
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT206014547
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 $368,190
Previous ask $348,900
Current ask $339,900
Reduced $28,290 (-7.7%) 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
145 Ayres Horn None
Riverbend at Double Eagle
$339,900 $170 4 bd / 3 ba 2,005 sqft , 2025-09-04
231 Red Tail Hawk Ln
Riverbend at Double Eagle
$334,990 $166 4 bd / 3 ba 2,012 sqft , 2026-05-26
114 Andaman Roost None
Riverbend at Double Eagle
$344,990 $148 4 bd / 3 ba 2,334 sqft , 2026-05-08
242 Red Tail Hawk Ln
Riverbend at Double Eagle
$330,990 $196 4 bd / 2 ba 1,688 sqft , 2026-07-31
135 Coopers Hawk Crst
Riverbend at Double Eagle
$329,990 $181 3 bd / 2 ba 1,825 sqft , 2026-06-10

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
$1,632/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
$67,980
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-960

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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