Active Listing  ·  107 days on market

401 Spanish Mustang Dr

Cedar Park, TX 78613
$799,990
5 Bed 4 Bath 3,900 sqft $205/sqft Built 2013 0.17 acres 3-Car Garage Pool Ranch At Brushy Creek Sec 7C

This stunning home offers 3,900 square feet of thoughtfully designed living space, complete with a three-car garage & an expansive second living area with its own full bath. With two secondary bedrooms on the main level, a private upstairs retreat featuring the primary suite plus two additional bedrooms, this layout delivers flexibility for every stage of life. Inside, the home was built with intention, blending open concept living with warm, inviting spaces that naturally bring people together. The kitchen and main living area create a central hub for everyday living and entertaining, while the oversized game room becomes the ultimate hangout, media space, or private escape. Major updates include a new roof in 2022, dual water heaters and HVAC replaced in 2023, plus recent garage door, hardware, and landscaping enhancements in 2025 and 2026, offering peace of mind and modern comfort. Located in the highly sought after Ranch at Brushy Creek community, this home sits just moments from miles of trails, green space, and outdoor activities. The neighborhood is known for its strong sense of community, top rated schools, and unbeatable convenience to nearby shopping, dining, and daily essentials. A home designed to grow with you, built for connection, and set in one of the area’s most beloved neighborhoods, this is where your next chapter begins!

At $205/sqft, this home is 11% below the Cedar Park active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

401 Spanish Mustang Dr, Cedar Park, TX 78613

Property Details

Price $799,990
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,900 sqft
Lot Size 0.17 acres (7,579.44 sqft)
Year Built 2013
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ranch At Brushy Creek Sec 7C
County Williamson
Zip Code 78613
$/sqft $205/sqft
Days on Market ,
HOA $300/Quarterly
Annual Tax Est. $15,867.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219767534
List Date April 30, 2026
Elementary School Patsy Sommer
Middle School Cedar Valley
High School Round Rock
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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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 30, 2026 $875,000
Previous ask $809,000
Current ask $799,990
Reduced $75,010 (-8.6%) 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
622 Cheyenne Ln
Trailside At The Ranch At Brushy Creek
$799,000 $296 4 bd / 4 ba 2,701 sqft , 2026-04-16
520 Acadia Bnd
Park At Brushy Creek
$789,000 $246 4 bd / 3 ba 3,210 sqft , 2026-07-27
119 Driftwood Dr
RANCH AT BRUSHY CREEK SEC 7D
$785,000 $220 4 bd / 4 ba 3,562 sqft , 2026-07-14
114 Saddle Ridge Dr N
The Ranch at Brushy Creek
$819,000 $237 4 bd / 3 ba 3,460 sqft , 2026-05-27
705 S Frontier Ln
Ranch At Brushy Creek Sec 01
$777,000 $237 4 bd / 3 ba 3,279 sqft , 2025-10-28

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
$3,840/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
$159,998
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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 8, 2026.

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