Active Listing  ·  50 days on market

3007 Great Valley Dr

Cedar Park, TX 78613
$294,900
4 Bed 2 Bath 1,849 sqft $159/sqft Built 1979 0.26 acres Pool Shenandoah Sec 01

Unlock the door to a rare Cedar Park opportunity where vintage character meets a world of creative possibility! This home is a storied canvas awaiting a modern reimagination, offering the perfect foundation for anyone looking to craft a custom interior while building immediate equity. Situated in the ETJ (Extra-Territorial Jurisdiction), this property offers a level of flexibility and freedom that is becoming increasingly hard to find. No HOA, no Cedar Park city taxes, and only the county restrictions apply.

In its honest, authentic state, the home is a true "blank slate" that allows you to dive straight into the design phase. You can pour your inspiration into the finishes because many of the high-ticket functional systems are already handled. Rest easy knowing the HVAC has been replaced with a brand-new, high-efficiency Bosch system, heat pump, and updated ductwork in the garage and rear of the home (2025), a professional chimney rebuild (2020), and a 2019 water heater.

Inside, you’ll find a spacious, versatile layout that radiates "old-school" charm. The floor plan is incredibly adaptable, offering the potential for up to six bedrooms or a variety of dedicated hobby and office spaces. The primary suite currently hosts a convenient half-bath, but there is a potential path to borrow space from the adjacent closet and create the full ensuite you’ve always wanted.

The location is unbeatable for those who want to be near the heart of it all - moments from the premier shopping at Lakeline Mall, the expansive trails and recreation at Lakeline Park, and seamless access to 183 and 620/TX45.

Whether you are an investor eyeing a high-potential project or a homeowner ready to design a space that is uniquely yours, this property is ready for its grand transformation.

Bring your vision and your style to this Cedar Park original!

At $159/sqft, this home is 29% below the Cedar Park active market average of $225/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3007 Great Valley Dr, Cedar Park, TX 78613

Property Details

Price $294,900
Status Active Listing
Beds 4
Full Baths 1
Half Baths 1
Living Area 1,849 sqft
Lot Size 0.26 acres (11,138.29 sqft)
Year Built 1979
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Shenandoah Sec 01
County Williamson
Zip Code 78613
$/sqft $159/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,682
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243726502
List Date August 19, 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 →

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 · August 19, 2026 $330,000
Previous ask $310,000
Current ask $294,900
▼ Reduced $35,100 (-10.6%) 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 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
1004 E SOLANO Dr NE #1474
Villas Anderson Mill Condos Unit 1054a Bl
$270,000 $199 3 bd / 2 ba 1,356 sqft , 2026-09-23
1709 Hatch Rd
Anderson Mill West Sec 04
$330,000 $254 3 bd / 2 ba 1,298 sqft , 2026-09-10
10602 Double Tree Cv
Village 02 At Anderson Mill
$335,000 $200 3 bd / 2 ba 1,676 sqft , 2026-06-05
1404 Piney Creek Ln
Anderson Mill West Sec 01
$335,000 $222 3 bd / 3 ba 1,507 sqft , 2026-08-05
1514 Luray Dr
Shenandoah Sec 03
$340,000 $278 3 bd / 2 ba 1,224 sqft , 2026-09-24

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
$1,416/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
$58,980
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,609
Property Tax (~2.1% TX avg)−$516
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-832

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 October 2, 2026.

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