Active Listing  ·  16 days on market

3506 Scenic Valley Dr

Cedar Park, TX 78641
$749,900
4 Bed 4 Bath 3,043 sqft $246/sqft Built 2019 0.21 acres 3-Car Garage Pool Misty Valley Ph 1

Discover unparalleled living in this magnificent two-story residence, where every detail caters to comfort and sophisticated style. This expansive home offers a seamless blend of indoor elegance and outdoor allure, on the verge of hill country designed for those who appreciate scenic views and privacy. 3506 Scenic Valley Drive places you in a desirable locale, combining peaceful residential living with accessible urban amenities. The neighborhood is known for its serene environment, offering a perfect escape from the everyday hustle while keeping you connected to everything you need.

A truly exceptional opportunity awaits to embrace a lifestyle of tranquility and convenience within a vibrant community. The generous living area spans 3042 square feet, providing ample room for relaxation and entertaining. With four well-appointed bedrooms and three full bathrooms, this home ensures privacy and comfort for everyone. The layout gracefully accommodates both intimate family moments and larger social gatherings, making it an ideal setting for creating lasting memories.

At $246/sqft, this home is priced 7% above the Cedar Park active market average of $229/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3506 Scenic Valley Dr, Cedar Park, TX 78641

Property Details

Price $749,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,043 sqft
Lot Size 0.21 acres (9,347.98 sqft)
Year Built 2019
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Misty Valley Ph 1
County Travis
Zip Code 78641
$/sqft $246/sqft
Days on Market ,
HOA $110/Monthly
Annual Tax Est. $12,667.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241686342
List Date July 31, 2026
Elementary School CC Mason
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.

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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
1511 Rimstone Dr
Whitestone Oaks At Anderson
$699,000 $207 5 bd / 4 ba 3,377 sqft , 2026-04-09
17706 N Rim Dr
North Rim
$825,000 $233 4 bd / 5 ba 3,534 sqft , 2026-02-26
12702 Trails End Rd
North Rim Sec 02
$659,500 $299 4 bd / 3 ba 2,203 sqft , 2026-05-04
1503 Terrace View Dr
Whitestone Oaks At Anderson
$599,000 $209 4 bd / 3 ba 2,866 sqft , 2026-05-28
918 Valley View Dr
Misty Valley Ph 1 Trento
$550,000 $246 5 bd / 3 ba 2,240 sqft , 2026-06-05

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
$3,600/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
$149,980
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,312
Insurance (~0.5%)−$312
Est. Monthly Cash Flow $-2,117

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 August 16, 2026.

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