Active Listing  ·  235 days on market

298 Jenkins. Rd

Cedar Creek, TX 78612
$690,000
4 Bed 3 Bath 2,442 sqft $283/sqft Built 1981 8.92 acres 2-Car Garage Pool The Settlement

AG-EXEMPTION in place! 8.919 acres, 2442 SF single story home, 4, 2 1/2 baths with an expansive sunroom + an oversized 2 car garage! Private setting, gravel driveway, enjoy the mature trees, pastures and woodland trails. Set up for horses with a round pen, horse friendly pasture fences, and a 2600 SF, drive through horse stable with a wash stand and a smaller back barn . Primary bedroom ensuite with 2 walk-in closets, a double vanity, soaking tub and a separate shower. There are 3 more bedrooms, 1 full bath and a half bath located in the large laundry room just off of the garage. Backyard has a chain link fence and raised garden beds. The owners have done some major updating in the last 5 years, including interior paint, new laminate flooring, energy efficient windows, added roof insulation and a radiant barrier, + a new shingled roof with a ridge cap. With the 52 solar panels, owned free and clear, the low utility bills on this energy efficient, all-electric home are an added bonus. Summers are nice in the 10,000 gallon above ground pool. The buyer can add their own special touches, but the sellers have already done a lot of updating. Located on the Austin side of Bastrop, TX it is convenient to Austin, Bastrop, ABIA, COTA, Tesla, The Boring Company and Hwy 130. Current Ag Tax Evaluation with honey bees, leased and managed by a local beekeeper. Also available with 16 acres, MLS 5335097,

At $283/sqft, this home is priced in line with the Cedar Creek market average of $280/sqft across 131 active listings. View Austin market report →

Location

298 Jenkins. Rd, Cedar Creek, TX 78612

Property Details

Price $690,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,442 sqft
Lot Size 8.92 acres (388,511.64 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Settlement
County Bastrop
Zip Code 78612
$/sqft $283/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,574
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214036053
List Date December 12, 2025
Elementary School Cedar Creek
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 →

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
146 Soaring Wing Bnd
Double Eagle Ranch
$690,000 $218 4 bd / 4 ba 3,168 sqft , 2026-06-18
113 Booted Eagle Claw Cv
Double Eagle Ranch
$699,990 $224 4 bd / 3 ba 3,131 sqft , 2026-04-29
137 Wamel Way
The Homestead On Hobbs Creek
$680,000 $214 5 bd / 4 ba 3,174 sqft , 2026-07-31
176 Pecos St
Double Eagle Ranch Sec 1
$679,990 $213 5 bd / 4 ba 3,196 sqft , 2026-07-31
194 Williams Ln #A
Williams Lane Acres
$660,000 $330 5 bd / 3 ba 2,001 sqft , 2026-03-05

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
$3,312/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
$138,000
20% conventional investment loan

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

Estimated Gross Rent+$3,312
Principal + Interest−$3,766
Property Tax (~2.1% TX avg)−$1,208
Insurance (~0.5%)−$288
Est. Monthly Cash Flow $-1,950

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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