Active Listing  ·  165 days on market

829 State Highway 21 Hwy W

Cedar Creek, TX 78612
$559,000
5 Bed 2 Bath 2,080 sqft $269/sqft Built 1998 2.05 acres 2-Car Garage Pool Litton, Addison

Live, Work & Invest in One Incredible Property – Cedar Creek, TX

Rare opportunity to own 2 versatile acres in a prime location just off HWY 21 in Cedar Creek! With partial residential and partial commercial zoning, this unique property offers the perfect setup to run your business and live onsite — all while benefiting from high traffic and outstanding visibility.

The 5-bedroom home has been freshly painted and features an inviting open kitchen, 2.5 bathrooms, and plenty of space for family or staff. Step outside to enjoy the expansive wraparound deck — ideal for relaxing or entertaining. A detached shop provides additional storage or workspace.

The commercial features truly set this property apart. A 2,492-square-foot warehouse includes its own office and bathroom. In addition, a 1,200-square-foot pole barn offers even more flexibility for equipment, storage, or expansion.

Located in the rapidly growing Austin metro corridor, Cedar Creek is seeing continued expansion as Austin’s population and business community push outward. With strong traffic counts along HWY 21 and easy access to Austin, Bastrop, and surrounding areas, this property offers exceptional exposure and long-term upside potential.

Whether you're an entrepreneur looking to combine home and business, an investor seeking income-producing property, or someone wanting space with commercial flexibility, this is an opportunity you don’t want to miss.

Endless potential. Income in place. Prime location.

At $269/sqft, this home is 4% 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

829 State Highway 21 Hwy W, Cedar Creek, TX 78612

Property Details

Price $559,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 2,080 sqft
Lot Size 2.05 acres (89,472.24 sqft)
Year Built 1998
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Litton, Addison
County Bastrop
Zip Code 78612
$/sqft $269/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220078157
List Date February 20, 2026
Elementary School Bluebonnet (Bastrop ISD)
Middle School Bastrop
High School Bastrop
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 →

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 · February 20, 2026 $650,000
Previous ask $570,000
Current ask $559,000
Reduced $91,000 (-14.0%) 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 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
194 Williams Ln #C
Williams Lane Acres
$560,000 $280 5 bd / 3 ba 2,001 sqft , 2026-03-05
142 Triangle Acres None
Triangle
$575,000 $309 4 bd / 2 ba 1,860 sqft , 2026-03-12
104 Harris Hawk Cv
Double Eagle Ranch Sec 1
$600,000 $221 4 bd / 3 ba 2,714 sqft , 2026-07-11
121 Booted Eagle Claw Cv
Double Eagle Ranch
$612,990 $268 4 bd / 3 ba 2,285 sqft , 2026-03-20
227 Belmont Way
Silverleaf
$499,767 $184 4 bd / 3 ba 2,719 sqft , 2026-03-30

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
$2,683/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
$111,800
20% conventional investment loan

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

Estimated Gross Rent+$2,683
Principal + Interest−$3,051
Property Tax (~2.1% TX avg)−$978
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,579

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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