Active Listing  ·  95 days on market

120 Covered Bridge Trl

Liberty Hill, TX 78642
$474,900
4 Bed 4 Bath 2,370 sqft $200/sqft Built 2026 0.05 acres 2-Car Garage Pool New Construction Santa Rita Ranch

Side porch opens into entryway. The home office offers French doors and is located at the front of the home for added privacy. The family room boasts a 19-foot ceiling. The kitchen features a 5-burner gas cooktop, an island with built-in seating space, and a corner pantry. The dining area features a wall of windows and provides access to the backyard covered patio. The primary bathroom offers three large windows looking out into the backyard. Double doors lead into the bathroom which boasts dual vanities, a glass enclosed shower, and large walk-in closet. The utility room is located off of the primary bedroom entryway. Upstairs you are greeted by a game room that allows ample light from its wall of windows. Three secondary bedrooms with walk-in closets and two full bathrooms complete the space. Landscaping features a 7-zone sprinkler system. The two-car garage is located off the main entryway.

At $200/sqft, this home is 10% below the Liberty Hill active market average of $221/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

120 Covered Bridge Trl, Liberty Hill, TX 78642

Property Details

Price $474,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,370 sqft
Lot Size 0.05 acres (2,369.66 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch
County Williamson
Zip Code 78642
$/sqft $200/sqft
Days on Market ,
HOA $116/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237115040
List Date June 20, 2026
Elementary School Tierra Rosa
Middle School Santa Rita Middle
High School Legacy Ranch
School District ,

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.

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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 · June 20, 2026 $549,900
Previous ask $514,900
Current ask $474,900
Reduced $75,000 (-13.6%) 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 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
191 Covered Bridge Trl
Santa Rita Ranch
$474,900 $199 4 bd / 4 ba 2,392 sqft , 2026-04-06
109 Blue Summit Bnd
Santa Rita Ranch
$474,900 $272 3 bd / 3 ba 1,743 sqft , 2026-08-18
520 Palatino Bnd
Santa Rita Ranch
$474,990 $263 4 bd / 2 ba 1,805 sqft , 2026-01-28
220 Menlo Bnd
Santa Rita Ranch
$474,990 $184 4 bd / 3 ba 2,577 sqft , 2026-04-23
100 Rangel Dr
Santa Rita Ranch
$477,500 $180 4 bd / 3 ba 2,652 sqft , 2026-04-17

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
$94,980
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 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 · 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 September 21, 2026.

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