Active Listing  ·  119 days on market

701 Riverwood Dr

Cedar Park, TX 78613
$284,999
3 Bed 2 Bath 1,300 sqft $219/sqft Built 1984 0.18 acres 2-Car Garage Pool Buttercup Creek Sec 02 Village 02

Welcome to 701 Riverwood Dr. in the heart of Cedar Park! This inviting home offers a flexible, functional layout that adapts to a variety of lifestyles - whether you’re looking for a comfortable place to settle in, room to grow, or something easy to maintain. Stylish laminate flooring flows throughout, and the beautifully updated kitchen creates a warm, modern space perfect for everyday living and entertaining. A brand new roof, fresh paint, and a new fence adds peace of mind, making this home truly move-in ready.

Step outside to a spacious, private backyard shaded by mature trees, complete with a covered patio ideal for relaxing evenings or hosting friends and family. It’s the perfect blend of privacy and usability.

The location is hard to beat - just minutes from the exciting new Bell Blvd. District, home to the Cedar Park Library. Coming Soon is the future park and vibrant shopping and dining. With quick access to Hwy 183, you’re close to Costco, HEB, and countless restaurants. Outdoor lovers will appreciate being within walking distance to Buttercup Creek Park’s pool, playground, and tennis courts, and just around the corner from Cluck Creek Park and Bartles Park.

Zoned to highly sought-after Cedar Park Middle and Cedar Park High Schools, this home offers comfort, convenience, and a fantastic Cedar Park lifestyle all in one.

At $219/sqft, this home is 4% 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

701 Riverwood Dr, Cedar Park, TX 78613

Property Details

Price $284,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,300 sqft
Lot Size 0.18 acres (8,028.11 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Buttercup Creek Sec 02 Village 02
County Williamson
Zip Code 78613
$/sqft $219/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,824.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226421741
List Date April 17, 2026
Elementary School Ada Mae Faubion
Middle School Cedar Park
High School Cedar Park
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.

Schedule a Call →

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 17, 2026 $325,000
Previous ask $299,000
Current ask $284,999
Reduced $40,001 (-12.3%) 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
401 Buttercup Creek Blvd #303
Buttercup Twnhms Bldg 16
$289,999 $216 3 bd / 3 ba 1,341 sqft , 2026-08-06
1900 Little Elm Trl #78
Cypress Creek Twnhms
$279,500 $180 3 bd / 3 ba 1,552 sqft , 2026-07-24
401 Buttercup Creek Blvd #703
Buttercup
$259,000 $251 2 bd / 3 ba 1,030 sqft , 2026-06-25
1013 Forest Trl
Buttercup Creek Sec 02 Village 06
$312,000 $219 3 bd / 2 ba 1,426 sqft , 2026-07-13
607 Sapling Cv S
Buttercup Creek Sec 01 Village 03
$359,900 $210 3 bd / 2 ba 1,712 sqft , 2026-07-11

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 5, 2026.

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