Active Listing  ·  156 days on market

2721 Little Elm Trl

Cedar Park, TX 78613
$400,000
3 Bed 3 Bath 2,168 sqft $185/sqft Built 1993 0.19 acres 2-Car Garage Pool Cypress Mill 01 Sec 02

Full Roof Replacement! Spacious and inviting 2-story home offering 3 bedrooms, 2.5 bathrooms, and 2,168 square feet of comfortable living space in a highly desirable area served by sought-after Leander ISD schools. Situated on a premium corner lot, this home features a bright and airy main living area with soaring ceilings that create an impressive sense of space.

The expansive owner’s retreat is a true highlight, offering generous room to relax along with two walk-in closets, a luxurious garden tub, and a separate stand-alone shower. The white kitchen is light and welcoming, opening seamlessly to a second living area with a cozy fireplace and views of the covered patio and backyard—perfect for entertaining or everyday living.

With its flexible living spaces, beautiful natural light, and excellent location, this home offers comfort, convenience, and the ideal setting for making lasting memories.

At $185/sqft, this home is 19% 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

2721 Little Elm Trl, Cedar Park, TX 78613

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,168 sqft
Lot Size 0.19 acres (8,394.01 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Mill 01 Sec 02
County Williamson
Zip Code 78613
$/sqft $185/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222063948
List Date March 11, 2026
Elementary School Pauline Naumann
Middle School Cedar Park
High School Cedar Park
School District ,

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 →

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
2304 S Lakeline Blvd #401
Arbors/Lakeline Condos Bldg 40
$390,000 $172 4 bd / 3 ba 2,270 sqft , 2026-05-02
1317 Mimosa Pass
Anderson Mill West Sec 01
$389,000 $244 3 bd / 2 ba 1,593 sqft , 2026-06-19
3115 Blazing Star Trl
Anderson Mill West Sec 03
$389,000 $250 3 bd / 2 ba 1,554 sqft , 2026-07-10
3200 Blazing Star Trl
Anderson Mill West
$388,000 $206 4 bd / 3 ba 1,881 sqft , 2026-07-08
2304 S Lakeline Blvd #273
Arbors/Lakeline Condo Bldg 27
$385,000 $271 3 bd / 2 ba 1,423 sqft , 2026-07-16

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
$1,920/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
$80,000
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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

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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 · 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 July 5, 2026.

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