Active Listing  ·  215 days on market

3118 MEDIA Dr

Cedar Park, TX 78641
$840,000
5 Bed 4 Bath 4,248 sqft $198/sqft Built 2017 0.24 acres 3-Car Garage Pool Caballo Ranch

Exceptional space, tranquil pond views, and beautiful natural surroundings come together in this distinctive Cedar Park home by renowned Scott Felder Homes. Offering approximately 4,200 square feet, flexible living spaces, a rare 3.5-car garage, and two HVAC systems for year-round comfort, this property delivers remarkable character, functionality, and value.

A dedicated home office overlooks the pond, while the spacious formal dining room provides an impressive setting for holiday dinners and special gatherings. The kitchen features granite countertops, abundant cabinetry, a pot filler, and generous workspace for everyday cooking and entertaining.

The primary suite is conveniently located on the main level, where oversized bay windows showcase views of the magnificent mature oak tree. The spa-inspired primary bath features a garden tub and a jet shower system. Upstairs, a large game room and separate media room offer dedicated spaces for movie nights, game days, and entertaining. Expansive windows throughout the home bring in abundant natural light while framing the property’s beautiful outdoor surroundings.

Step outside to a covered patio already plumbed for a future outdoor kitchen. Low-maintenance xeriscaping, natural stone pavers, raised garden planters, and ambient landscape lighting create multiple outdoor gathering areas beneath the oak canopy.

Located near the community pool and served by Leander ISD, the home offers convenient access to 183A, Scheels, Whole Foods Market, Costco, the upcoming Trader Joe’s, shopping, dining, and entertainment. This is a rare opportunity to enjoy exceptional space, natural beauty, and lasting value in the heart of Cedar Park. View it today. Buy it tomorrow.

At $198/sqft, this home is 12% below the Cedar Park active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3118 MEDIA Dr, Cedar Park, TX 78641

Property Details

Price $840,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 4,248 sqft
Lot Size 0.24 acres (10,537.16 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Caballo Ranch
County Williamson
Zip Code 78641
$/sqft $198/sqft
Days on Market ,
HOA $53/Monthly
Annual Tax Est. $17,425.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225821199
List Date April 11, 2026
Elementary School Akin
Middle School Stiles
High School Vista Ridge
School District Leander ISD

Leander ISD

Akin · Stiles · Vista Ridge

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.

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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 · April 11, 2026 $875,000
Previous ask $849,500
Current ask $840,000
▼ Reduced $35,000 (-4.0%) 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
1908 CAMINO ALEMEDA None
CABALLO RANCH
$775,000 $211 4 bd / 4 ba 3,666 sqft , 2026-09-01
1711 Manada Trl
Caballo Ranch Sec 02
$774,900 $217 4 bd / 4 ba 3,564 sqft , 2026-08-20
1711 Camino Alemeda None
Caballo Ranch Sec 02
$725,000 $210 4 bd / 4 ba 3,458 sqft , 2026-10-13
3701 Carya Dr
Pecan Crk Ph 2
$700,000 $173 5 bd / 4 ba 4,054 sqft , 2026-09-02
2604 Pecan Creek Dr
PECAN CREEK
$700,000 $188 5 bd / 3 ba 3,730 sqft , 2026-09-23

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
$4,032/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
$168,000
20% conventional investment loan

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

Estimated Gross Rent+$4,032
Principal + Interest−$4,584
Property Tax (assumed ~2.1%)−$1,470
Insurance (assumed ~0.5%)−$350
Est. Monthly Cash Flow $-2,372

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 · 41 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. The written content was last updated on November 5, 2026.

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

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