Active Listing  ·  84 days on market

3209 River Rd

Cedar Creek, TX 78612
$349,900
3 Bed 2 Bath 1,352 sqft $259/sqft Built 1985 0.53 acres Pool Colorado River Ranchettes Unit

This place is pure Austin in the best way!

Tucked under huge trees on just over half an acre, this 3 bedroom, 2 bathroom home has one of the coolest backyard setups you’ll ever see, a hobbyist built, professional level skate park built right into the property. Not a tiny ramp in the corner… an actual thoughtfully designed skate space with the feel of a small private park. Whether you skate, ride BMX, have creative kids, love to entertain, or just appreciate something completely different, it’s an incredible feature that makes this property unforgettable.

The house itself has been nicely updated over the years with remodeled bathrooms, bamboo flooring, updated kitchen cabinets, expanded closets, and tons of added storage. and the layout feels comfortable and functional without losing its character.

Outside is where this property really shines. There’s a covered back patio, front deck, mature trees everywhere, and peaceful pasture views with cattle behind the property that make it feel surprisingly private and country-like. The neighborhood is eclectic, diverse, and relaxed with little to no restrictions, the kind of place where people can actually make a property their own.

Even with the tucked away feel, you’re only about 10 miles from ABIA and an easy drive into Austin.

At $259/sqft, this home is 7% 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

3209 River Rd, Cedar Creek, TX 78612

Property Details

Price $349,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,352 sqft
Lot Size 0.53 acres (23,282.82 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Colorado River Ranchettes Unit
County Travis
Zip Code 78612
$/sqft $259/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $1,585.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228749984
List Date May 12, 2026
Elementary School Gilbert
Middle School Dailey
High School Del Valle
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 →

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 · May 12, 2026 $395,000
Previous ask $385,000
Current ask $349,900
Reduced $45,100 (-11.4%) 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
137 Hay Meadow Rd
Martins Meadow Sub
$360,000 $288 4 bd / 2 ba 1,251 sqft , 2026-07-03
242 Red Tail Hawk Ln
Riverbend at Double Eagle
$330,990 $196 4 bd / 2 ba 1,688 sqft , 2026-07-31
135 Coopers Hawk Crst
Riverbend at Double Eagle
$329,990 $181 3 bd / 2 ba 1,825 sqft , 2026-06-10
163 Northside Ln
Navarro, Jose A
$325,000 $184 3 bd / 2 ba 1,768 sqft , 2026-05-21
258 Red Tail Hawk Ln
Riverbend at Double Eagle
$301,990 $222 3 bd / 2 ba 1,363 sqft , 2026-05-28

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
$1,680/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
$69,980
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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