Active Listing  ·  88 days on market

5644 Fm 535 Rd

Cedar Creek, TX 78612
$450,000
3 Bed 2 Bath 1,754 sqft $257/sqft Built 2012 3.63 acres Pool Litton, Addison

A rare unrestricted 3.6-acre opportunity in Cedar Creek, TX — fully fenced, level, and ideal for residential, commercial, or mixed-use development. Commercial use permitted by Bastrop County. No HOA or deed restrictions.Utilities already in place, including power, aerobic septic system (installed Oct 2025), and a 600A electric panel supporting up to 4 meters — ideal for multi-unit or commercial use. 2nd driveway permit approved by TxDOT for future expansion and improved access.Includes two 16x76’ mobile homes (3 bed / 2 bath each) for immediate rental income, owner occupancy, or workforce housing. Conveniently located minutes from Bastrop and a short drive to Austin. Flexible, income-producing property with exceptional development potential.

At $257/sqft, this home is 8% 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

5644 Fm 535 Rd, Cedar Creek, TX 78612

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,754 sqft
Lot Size 3.63 acres (157,905 sqft)
Year Built 2012
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Litton, Addison
County Bastrop
Zip Code 78612
$/sqft $257/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,196.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228879870
List Date May 8, 2026
Elementary School Cedar Creek
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
231 Belmont Way
Silverleaf
$449,752 $191 3 bd / 3 ba 2,351 sqft , 2026-01-13
277 Mesquite Dr
Mesquite Acres
$449,500 $250 3 bd / 2 ba 1,800 sqft , 2026-06-18
138 Blushing Dr
Arroyo Vista
$449,000 $307 3 bd / 2 ba 1,462 sqft , 2026-01-12
127 Meadow Way
MARTIN'S MEADOW
$430,000 $215 4 bd / 3 ba 2,003 sqft , 2025-10-28
249 Hershal Ln
Las Alamedas
$429,999 $199 4 bd / 3 ba 2,160 sqft , 2026-02-11

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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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