Active Listing  ·  8 days on market

123 Justin Leonard Dr

Round Rock, TX 78664
$445,000
4 Bed 3 Bath 2,911 sqft $153/sqft Built 2006 0.16 acres 2-Car Garage Pool Forest Creek Sec 34

Welcome home to this beautifully laid out 4 bedroom, 3 bath home in the heart of Forest Creek. The primary suite is conveniently located on the main level, offering a private retreat, while a flexible bonus space upstairs provides room for guests, a second living area, or a home office. Multiple living and dining areas give this 2,911 square foot floor plan real versatility for everyday living and entertaining alike. Step outside to a covered deck and fully fenced backyard, ideal for relaxing or hosting. Forest Creek is one of Round Rock's most established golf course communities, offering residents access to a clubhouse, pool, tennis courts, parks, and miles of walking and biking trails. Zoned to Round Rock ISD, with easy access to major highways, shopping, and dining. Don't miss the opportunity to see it in person.

At $153/sqft, this home is 26% below the Round Rock active market average of $208/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

123 Justin Leonard Dr, Round Rock, TX 78664

Property Details

Price $445,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,911 sqft
Lot Size 0.16 acres (7,078.5 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Forest Creek Sec 34
County Williamson
Zip Code 78664
$/sqft $153/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $11,268.97
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241597383
List Date September 30, 2026
Elementary School Forest Creek
Middle School Ridgeview
High School Cedar Ridge
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.

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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
19845 San Chisolm Dr
Greenridge Ph 02
$444,000 $154 4 bd / 3 ba 2,890 sqft , 2026-08-31
20205 Navarre Ter
Penley Park Ph 1
$449,000 $186 5 bd / 3 ba 2,420 sqft , 2026-04-08
113 Fred Couples Dr
Forest Creek Sec 35
$449,900 $161 4 bd / 3 ba 2,800 sqft , 2026-09-12
104 Turvey Cv
Star Ranch
$449,990 $140 5 bd / 4 ba 3,224 sqft , 2026-09-25
404 E Nakoma Dr
Star Ranch Sec 05 Ph 01
$432,900 $156 4 bd / 3 ba 2,770 sqft , 2026-08-10

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
$2,136/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
$89,000
20% conventional investment loan

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

Estimated Gross Rent+$2,136
Principal + Interest−$2,429
Property Tax (~2.1% TX avg)−$779
Insurance (~0.5%)−$185
Est. Monthly Cash Flow $-1,257

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 October 2, 2026.

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