Active Listing  ·  137 days on market

101 Crestview Dr

Liberty Hill, TX 78642
$325,000
4 Bed 2 Bath 1,568 sqft $207/sqft Built 1997 1.12 acres Pool Hillcrest

Investor Opportunity – 1.12 Acres Total on Two Lots! 4 miles from Cosco and the worlds largest Target.

Unlock the potential of this unique property offering a combined 1.12 acres across two adjacent lots.

Lot 1 – 101 Crestview Dr (0.61 Acres)

Includes an existing mobile home in need of significant repairs or possible replacement. Sold As Is.

Utilities are already in place, including electricity, water, and septic, providing a head start for new construction.

Excellent opportunity to build a new primary residence or investment property.

Brand new Washer/ Dryer included in purchase.

Lot 2 – 103 Crestview Dr

Adjacent lot featuring two small garages/workshop buildings.

Ideal for a guest house, rental property, additional storage, or future development.

Whether you're an investor, builder, or buyer looking for a property with redevelopment potential, this rare two-lot package offers flexibility and value. Bring your vision and take advantage of the existing utility infrastructure and spacious acreage.

Additional Opportunity – 102 Crestview Dr (Lot 28)

Also available for purchase. Available for purchase separately.

Expands your development options and overall acreage.

Bundle Pricing Available!

Purchase all three lots together for the best value. Whether you're looking to build multiple homes, create a family compound, add rental properties, or invest in future development, this package offers exceptional flexibility and potential.

Surveys available upon request. Buyer to verify all zoning, utility, and building requirements.

At $207/sqft, this home is 7% below the Liberty Hill active market average of $222/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 Crestview Dr, Liberty Hill, TX 78642

Property Details

Price $325,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,568 sqft
Lot Size 1.12 acres (48,787.2 sqft)
Year Built 1997
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Hillcrest
County Williamson
Zip Code 78642
$/sqft $207/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,696.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237534279
List Date June 28, 2026
Elementary School LouineNoble
Middle School Santa Rita Middle
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

LouineNoble · Santa Rita Middle · Liberty Hill

Luke Allen (TREC #788149) has deep knowledge of Liberty Hill 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 Liberty Hill

Comparable Listings Right Now

Homes currently for sale in Liberty Hill 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
144 Adze Dr
Cascade
$325,780 $195 3 bd / 3 ba 1,668 sqft , 2026-06-29
104 Adze Dr
Cascade
$328,120 $156 4 bd / 3 ba 2,107 sqft , 2026-04-16
136 Spokeshave Ln
Cascade
$333,590 $171 3 bd / 3 ba 1,950 sqft , 2026-07-15
354 Golden Paint Trl
Cascade Ph 1
$310,650 $214 3 bd / 2 ba 1,450 sqft , 2026-11-02
401 Rear Boot Way
Cascade
$303,920 $207 4 bd / 2 ba 1,468 sqft , 2026-10-02

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (assumed ~2.1%)−$569
Insurance (assumed ~0.5%)−$135
Est. Monthly Cash Flow $-918

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 →

Neighborhood Context

About Crestview

Crestview has emerged over the past decade as one of Central Austin's best value stories - a neighborhood of genuine mid-century character that offers more home for the money than adjacent Hyde Park or Rosedale, while sharing many of the same location advantages. The neighborhood sits north of 45th Street between Lamar and Burnet Road, placing it equidistant between downtown Austin and the Domain tech corridor.

The commercial corridors bordering Crestview are some of North Austin's most interesting. Burnet Road to the west has become one of Austin's hippest streets - Epoch Coffee, the Violet Crown Social Club, 24 Diner, and dozens of bars and restaurants that have transformed the strip over the past decade. The neighborhood attracts a mix of young families, professionals in their 30s and 40s, and buyers who want mid-century architecture without the premium of Hyde Park or Rosedale.

🏠
Mid-Century Architecture

A high concentration of intact 1950s ranch homes and mid-century modern designs. Original details - terrazzo floors, clerestory windows, open beams - are common in well-preserved examples.

🍺
Burnet Road Corridor

One of Austin's most dynamic commercial strips runs along the neighborhood's western edge. Epoch Coffee, Violet Crown Social Club, 24 Diner, and dozens more restaurants and bars within easy walking or biking distance.

💰
Best Value in Central Austin

Crestview consistently offers lower prices per square foot than Hyde Park, Rosedale, or Tarrytown for comparable central location and school quality. The gap has been closing - buyers who moved in early have seen exactly this play out.

🎓
McCallum High School

McCallum's Fine Arts Academy is one of AISD's most distinctive programs - a magnet school known for music, theater, and visual arts that draws students from across the district. A genuine asset for families with creative kids.

Full Crestview Guide →

Commute & Employment

Major Employers Near Liberty Hill, TX

Liberty Hill 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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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 · 41 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. The written content was last updated on November 4, 2026.

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

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