About This Home

Enjoy the perfect balance of privacy and convenience on 7+ fully fenced acres featuring a beautiful creek and a single-story home. Just 30 minutes from Downtown Austin and only 20 minutes from Austin-Bergstrom International Airport, this rare property offers space, seclusion, natural beauty, and accessibility all in one package, with the ability to have horses and chickens.

At $250/sqft, this home is 11% 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

277 Mesquite Dr, Cedar Creek, TX 78612

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Property Details

Price $449,500

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,800 sqft

Lot Size 7.58 acres (330,184.8 sqft)

Year Built 1994

Garage ,

Stories ,

Type Residential · Manufactured Home

Subdivision Mesquite Acres

County Bastrop

Zip Code 78612

$/sqft $250/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,124.84

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236894359

List Date June 18, 2026

Elementary School Cedar Creek

Middle School Creekside

High School Cedar Creek

School District ,

Have Questions About This Property?

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 · June 18, 2026 $450,000

Current ask $449,500

▼ Reduced $500 (-0.1%) 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 Belmont Way
Silverleaf $449,752 $191 3 bd / 3 ba 2,351 sqft , 2026-01-13

138 Blushing Dr
Arroyo Vista $449,000 $307 3 bd / 2 ba 1,462 sqft , 2026-01-12

5644 Fm 535 Rd
Litton, Addison $450,000 $257 3 bd / 2 ba 1,754 sqft , 2026-05-08

127 Meadow Way
MARTIN'S MEADOW $430,000 $215 4 bd / 3 ba 2,003 sqft , 2025-10-28

249 Hershal Ln
Las Alamedas $429,999 $199 4 bd / 3 ba 2,160 sqft , 2026-02-11

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

$2,158/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

$89,900

20% conventional investment loan

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

Estimated Gross Rent+$2,158

Principal + Interest−$2,453

Property Tax (~2.1% TX avg)−$787

Insurance (~0.5%)−$187

Est. Monthly Cash Flow $-1,269

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

277 Mesquite Dr