Active Listing  ·  96 days on market

602 Kai Dr

Cedar Park, TX 78613
$475,000
3 Bed 3 Bath 2,284 sqft $208/sqft Built 2002 0.15 acres 2-Car Garage Pool Buttercup Crk Ph V Sec 01-B

Discover a residence of enduring appeal at 602 Kai DR, Cedar Park, TX 78613. Constructed in 2002, this single-family home presents an attractive property in great condition, offering a sophisticated living experience. The kitchen serves as the heart of this home, designed for both culinary artistry and social engagement. It features elegant stone counters and an expansive island that includes a convenient sink, making it ideal for food preparation and casual dining. The open-plan design seamlessly integrates the kitchen and living room, creating a fluid environment for entertaining and everyday life. Within the private quarters, the bathrooms are appointed with contemporary comforts. A double vanity provides ample space for personal routines, while the walk-in shower offers a luxurious and functional bathing experience. Beyond the interior, the property extends its living spaces outdoors. A private yard that backs to green space offers a secluded retreat, complemented by an inviting patio and a charming porch, perfect for relaxation or al fresco gatherings. The attached two-car garage provides practical convenience and secure parking. This property masterfully combines traditional architectural elements with thoughtful modern amenities, inviting you to experience a refined lifestyle.

At $208/sqft, this home is 9% below the Cedar Park active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

602 Kai Dr, Cedar Park, TX 78613

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,284 sqft
Lot Size 0.15 acres (6,751.8 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Buttercup Crk Ph V Sec 01-B
County Williamson
Zip Code 78613
$/sqft $208/sqft
Days on Market ,
HOA $380/Annually
Annual Tax Est. $9,838.26
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229240772
List Date May 10, 2026
Elementary School Westside
Middle School Artie L Henry
High School Vista Ridge
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 · May 10, 2026 $500,000
Previous ask $485,000
Current ask $475,000
Reduced $25,000 (-5.0%) 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
1108 Oliver Loving Cv
Buttercup Creek Ph 04 Sec 07
$475,000 $206 4 bd / 2 ba 2,301 sqft , 2026-06-26
1602 Iris Ln
Cypress Bend Sec 02 Ph A
$474,900 $232 3 bd / 3 ba 2,044 sqft , 2026-06-04
1211 Sugarberry Dr
Park Oaks Ph 1 Rsb
$464,900 $225 4 bd / 2 ba 2,069 sqft , 2026-02-28
1409 Deer Horn Dr
Buttercup Creek Ph 04 Sec 01-2 Amd
$499,000 $191 4 bd / 3 ba 2,615 sqft , 2026-05-21
303 Sycamore Dr
Buttercup Crk Sec 02 Village 06
$450,000 $222 4 bd / 2 ba 2,028 sqft , 2026-07-29

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 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 4, 2026.

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