Active Listing  ·  165 days on market

537 Leisure Ln

Cedar Creek, TX 78612
$475,000
3 Bed 2 Bath 1,668 sqft $285/sqft Built 1976 4.10 acres Pool Bluebonnet Acres

?? 4 Scenic Acres Near Bastrop with Guest House, Barn & Big Personality!

If you’ve been dreaming of space to breathe (without giving up convenience), this one checks all the boxes. Four pretty acres with scattered oak trees and gentle rolling terrain set the stage for a property that feels like a retreat—but keeps you close to everything that matters.

?? The Main Home

3 Bedrooms | 2 Baths

Open concept living, dining & kitchen with island

High ceilings in the living room

Wood-burning fireplace (perfect for cozy Texas “winter” nights ??)

The primary suite is tucked away on the lower level and accessed by a spiral staircase—talk about character! Inside you’ll find:

Beautiful wood and stone walls

Wood-burning fireplace

Stone grotto-style shower/tub combo

Access to a potential living/sunroom space ready to finish out

Covered porch with peaceful pasture views

Upstairs, the large deck/porch offers another great place to unwind and enjoy your oak-dotted landscape.

?? Energy Efficiency

The current owner installed solar panels to help keep utility costs in check—because wide open spaces shouldn’t come with wide open electric bills.

?? Land & Improvements

Pretty pasture currently leased for horse accommodations

Large metal barn/workshop

Bonus Income Opportunity

There’s also a 1 bedroom, 1 bath guest house with a back deck overlooking the pasture—currently rented and producing nice income. Perfect for extended family, guests, or investment potential.

?? Location Perks

You’re just:

5 minutes to SpaceX, BoringCo, X, and Starlink

15 minutes to ABIA & Tesla

Enjoy country living with quick access to some of the most innovative companies in the world.

This property offers flexibility—live, work, host, lease, or simply relax. With acreage, income potential, workshop space, and a one-of-a-kind primary suite… it’s anything but cookie-cutter.

At $285/sqft, this home is priced in line with the Cedar Creek market average of $280/sqft across 131 active listings. View Austin market report →

Location

537 Leisure Ln, Cedar Creek, TX 78612

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,668 sqft
Lot Size 4.10 acres (178,508.88 sqft)
Year Built 1976
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Bluebonnet Acres
County Bastrop
Zip Code 78612
$/sqft $285/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,956.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219887227
List Date February 20, 2026
Elementary School Bluebonnet (Bastrop ISD)
Middle School Cedar Creek
High School Cedar Creek
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 →

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
272 Canyon Loop
Della Oasis
$474,900 $249 3 bd / 2 ba 1,905 sqft , 2026-06-19
134 Deep Woods Dr
Arbor Hills
$480,000 $236 3 bd / 4 ba 2,034 sqft , 2025-10-10
117 Booted Eagle Claw Cv
Double Eagle Ranch
$499,998 $240 3 bd / 2 ba 2,084 sqft , 2025-04-24
5644 Fm 535 Rd
Litton, Addison
$450,000 $257 3 bd / 2 ba 1,754 sqft , 2026-05-08
277 Mesquite Dr
Mesquite Acres
$449,500 $250 3 bd / 2 ba 1,800 sqft , 2026-06-18

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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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