Active Listing  ·  41 days on market

5206 CREE Ln

Austin, TX 78734
$595,000
3 Bed 2 Bath 1,976 sqft $301/sqft Built 2013 0.22 acres 2-Car Garage Pool Travis Landing 02 Ph 05

Space to Live, Work & Play Near Lake Travis!

Enjoy the flexibility of lake-area living in this spacious two-story home situated on a large corner lot near Lake Travis. With two driveways, no mandatory HOA and room for boat or RV parking, the property offers a setup that can be hard to find this close to the lake. Inside, an open-concept floor plan features soaring ceilings, concrete floors, granite countertops, plantation shutters and a main-level primary suite. Upstairs, the second living/media room is wired for surround sound and offers plenty of flexibility for movie nights, a game room, office or additional sleeping space. The backyard features a large covered patio beneath mature trees plus a separate 192 SF insulated, air-conditioned building with electricity and cable wiring—ideal for a private office, gym, studio or hobby space. Just 2.7 miles from Mansfield Dam Park and less than 10 miles from Mary Quinlan Park, this home combines everyday convenience with easy access to some of the best recreation Lake Travis has to offer. Seller offering a $5,000 concession toward interior painting, allowing the buyer to select their preferred colors and finishes. Professional whole-home painting estimate available in MLS documents. Also, inquire with listing agent regarding the opportunity to separately purchase a boat slip #F33 at Lake Travis Lodges Marina.

At $301/sqft, this home is 23% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

5206 CREE Ln, Austin, TX 78734

Property Details

Price $595,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,976 sqft
Lot Size 0.22 acres (9,674.68 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Landing 02 Ph 05
County Travis
Zip Code 78734
$/sqft $301/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240907442
List Date October 2, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
School District Lake Travis ISD

Lake Travis ISD

Lake Travis · Hudson Bend · Lake Travis

Luke Allen (TREC #788149) has deep knowledge of Austin 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
5408 Phillips Cir
La Hacienda Estates Sec 02
$650,000 $339 2 bd / 3 ba 1,920 sqft , 2026-05-04
15205 Back Of The Moon St
Travis Landing
$475,000 $264 3 bd / 2 ba 1,800 sqft , 2026-10-08
5001 Pryor Ln
Travis Landing 02 Ph 05
$475,000 $271 3 bd / 2 ba 1,750 sqft , 2026-11-04
15602 Cedar Ledge St
Travis Landing
$459,000 $314 3 bd / 2 ba 1,462 sqft , 2026-07-31
15504 Enid Dr
Travis Landing 02 Ph 05
$435,000 $196 3 bd / 2 ba 2,220 sqft , 2026-08-06

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
$2,856/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
$119,000
20% conventional investment loan

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

Estimated Gross Rent+$2,856
Principal + Interest−$3,247
Property Tax (assumed ~2.1%)−$1,041
Insurance (assumed ~0.5%)−$248
Est. Monthly Cash Flow $-1,680

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 Austin, TX

Austin 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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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 7, 2026.

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

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