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Keenan Group#1 Austin Board of Realtors Team 2024

$650,000

2Beds
2Baths
2,764Sq Ft
1.76 acresLot

1587 State Highway 71 Unit #A, Cedar Creek, TX 78612

Reduced 41%$1,100,000
Cedar Creek·MLS# 1352681·Built 1980·567 days on market

2 bed, 2 bath, 2,764 sqft on 1.76 acres in Cedar Creek. Cedar Creek, TX 78612. $650,000. Bastrop ISD.

About This Home

Located in the heart of Cedar Creek, TX, this exceptional 1.76-acre property offers over 300 feet of high-visibility frontage along State Highway 71, one of the area's busiest roads. With thousands of cars passing daily, this property presents a rare opportunity for businesses seeking maximum exposure and high traffic potential.

Whether you're looking to establish a retail location, a restaurant, or another commercial venture, this expansive lot offers ample space for development and is perfectly positioned to grab the attention of commuters and locals alike. The prime location ensures your business will benefit from significant visibility and easy access, with the added advantage of being just minutes from the growing communities of Cedar Creek and Bastrop.

Don't miss out on this incredible investment opportunity in a high-traffic area with endless potential. Make your move today!

Property Type
Residential
Year Built
1980
Lot Size
1.76 acres
Price / Sq Ft
$235
Pool
Yes

Listing information last updated September 4, 2026.

Listed by Central Metro Realty

MLS# 1352681 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Private pool and outdoor entertaining setup
Generous 1.76-acre lot
Built-In Electric Range
Refrigerator
Don't miss out on this incredible investment opportunity in a high-traffic area with endless potential
Make your move today!

Facts & Features

Interior

Appliances

  • Built-In Electric Range
  • Refrigerator
Exterior & Lot

Construction

  • Brick Veneer
  • Wood Siding

Fencing

  • Partial

Foundation

  • Slab

Patio / Porch

  • Porch
Roof
Metal
Lot Size
1.76 Acres

Parking

  • Additional Parking
Pool
Yes
Financial
Original List Price
$1,100,000
Price per Sq Ft
$235
Utilities
  • Electricity Connected
  • Sewer Connected
  • Water Connected

Transaction History

2 records on file

Every recorded listing, sale, and lease at 1587 State Highway 71 Unit #A, whoever represented it.

  1. ActiveListed 2025
    Current price: $650,000Original list: $1,100,000MLS 2408019
    1. Price changed · February 9, 2026$650,000
  2. ActiveListed 2025
    Current price: $650,000Original list: $1,100,000MLS 1352681
    1. Price changed · February 9, 2026$650,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

Price & Listing History

Listing timeline with current price, original ask, and market time.

View Timeline
Current list
$650,000
Original list
$1,100,000
Price movement
$450K reduction
Listed / DOM
Mar 28, 2025 · 567 days

Virtual Tour

Virtual tour of 1587 State Highway 71 Unit #A
Map showing 1587 State Highway 71 Unit #A
1587 State Highway 71 Unit #A
Directions

Zoned Schools

Bastrop ISD

1 High School1 Middle School1 Elementary School

Cedar Creek

High SchoolGrades 9-12Zoned assignment

Creekside

Middle SchoolGrades 6-8Zoned assignment

Bluebonnet

ElementaryGrades K-5Zoned assignment

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

Principal & interest
$3,600

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($130K)

Adjustable assumption - not a lending recommendation.

$650,000

Loan: $520K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Luxury property intelligence

Keenan Market Position

A sourced read on Cedar Creek pricing, timing, and property scale. No automated valuation claim.

List price

$650,000

Price per sqft

$235/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

567 days

Original to current

$450K reduction

$1.1M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Verified property facts

Frequently Asked Questions

How much is 1587 State Highway 71 Unit #A?

1587 State Highway 71 Unit #A is listed at $650,000 with 2 bedrooms, 2 full bathrooms, 2,764 square feet, 1.76-acre lot. This places it above the ZIP 78612 single-family closed-sale median price of $380,000 (ZIP 78612 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What school district is 1587 State Highway 71 Unit #A in?

1587 State Highway 71 Unit #A is zoned for Bastrop ISD with assigned schools: Bluebonnet (Bastrop ISD) (elementary), Creekside (middle), Cedar Creek (high). School assignments should be verified directly with the district.

What are the property details for 1587 State Highway 71 Unit #A?

1587 State Highway 71 Unit #A is a Residential built in 1980 featuring 2 bedrooms, 2 full bathrooms, 2,764 square feet, 1.76-acre lot.

What is the price per square foot at 1587 State Highway 71 Unit #A?

1587 State Highway 71 Unit #A is priced at $235 per square foot across 2,764 sqft.

What are the property taxes for 1587 State Highway 71 Unit #A?

The most recent annual property tax for 1587 State Highway 71 Unit #A is $16,564. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 1587 State Highway 71 Unit #A?

This page does not assume a mortgage rate or publish a monthly payment for 1587 State Highway 71 Unit #A. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 1587 State Highway 71 Unit #A compare with other homes in Cedar Creek?

As of Oct 15, 2026, 1587 State Highway 71 Unit #A is offered at $650,000. The current MLS snapshot shows 107 active listings in 78612.

When was 1587 State Highway 71 Unit #A built?

1587 State Highway 71 Unit #A was built in 1980 (46 years ago). Buyers should budget for potential updates to major systems.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Cedar Creek

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 6:37:10 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 6:37:10 AM

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