Active Listing  ·  1 day on market

1201 Wayne Dr

Round Rock, TX 78664
$315,000
3 Bed 2 Bath 1,188 sqft $265/sqft Built 1985 0.22 acres 2-Car Garage Pool Mesa Ridge Sec 09

Welcome to 1201 Wayne Dr in Round Rock! This inviting single-story home offers 3 bedrooms, 2 full bathrooms, and approximately 1,188 square feet of comfortable living space. Situated on a spacious corner lot of over 0.21 acres, this property offers added outdoor space and flexibility.

Inside, you'll find a functional floor plan with a welcoming living area featuring a fireplace, an eat-in kitchen, and all bedrooms conveniently located on the main level. A charming courtyard-style setup adds character and creates an inviting space for relaxing, entertaining, or enjoying your morning coffee.

The home also features an oversized attached garage, providing extra room for parking, storage, hobbies, or workspace. The privacy-fenced backyard offers additional space for pets, gardening, gatherings, or simply enjoying the outdoors.

Located in the established Mesa Ridge neighborhood with NO HOA, this home provides added freedom without mandatory association dues. Conveniently located near shopping, dining, major roadways, and all that Round Rock has to offer. A great opportunity for a first-time buyer, downsizer, or investor seeking a well-located property with a corner lot, extra garage space, and a unique courtyard feel.

At $265/sqft, this home is priced 24% above the Round Rock active market average of $214/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1201 Wayne Dr, Round Rock, TX 78664

Property Details

Price $315,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,188 sqft
Lot Size 0.22 acres (9,395.89 sqft)
Year Built 1985
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mesa Ridge Sec 09
County Williamson
Zip Code 78664
$/sqft $265/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,627.51
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243619360
List Date August 21, 2026
Elementary School Vic Robertson
Middle School CPL Robert P Hernandez
High School Stony Point
School District ,

Luke Allen (TREC #788149) has deep knowledge of Round Rock 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 Round Rock

Comparable Listings Right Now

Homes currently for sale in Round Rock 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
608 Saunders Dr
Settlement Sec 01
$319,900 $206 4 bd / 2 ba 1,555 sqft , 2026-08-07
2205 Ada Ln
Jester Farms Sec 10
$310,000 $205 4 bd / 3 ba 1,514 sqft , 2026-07-27
1909 Heathwood Cir
Greenhill Sec 03
$309,999 $204 4 bd / 2 ba 1,522 sqft , 2026-07-28
1107 Long Meadow Dr
Mesa Park Sec 2
$325,000 $281 3 bd / 2 ba 1,158 sqft , 2026-03-07
1512 W Mesa Park Dr
Mesa Park Sec 1
$325,000 $218 3 bd / 2 ba 1,488 sqft , 2026-04-24

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 Round Rock, TX

Round Rock sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 5 min
Apple Campus (Domain) 15 min S
Samsung Austin Semiconductor 20 min SW
Tesla Gigafactory 35 min S

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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 22, 2026.

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