Active Listing  ·  87 days on market

1239 Pine Forest Cir

Round Rock, TX 78665
$639,000
5 Bed 3 Bath 3,585 sqft $178/sqft Built 2005 0.23 acres 3-Car Garage Pool Lake Forest

Short Sale Opportunity in Prestigious Lake Forest! Beautiful 5-bedroom home offering exceptional space and upgrades throughout. This impressive floor plan features two game rooms, a downstairs guest bedroom with full bath, a private office with pocket doors, formal dining room, and a spacious family room open to the gourmet kitchen. The chef's kitchen is designed for entertaining with granite countertops, double ovens, gas cooktop, center island, and a convenient butler's pantry. The grand primary suite showcases a coffered ceiling, high-end blackout shades and curtains, a luxurious bath with dual vanities, garden tub, separate shower, and an oversized walk-in closet. Recent updates include newly remodeled secondary bathrooms featuring updated cabinets, sinks, countertops, showers, flooring, lighting, and tile work. The primary bath has also been enhanced with updated cabinetry, countertops, fixtures, and additional storage. Additional improvements include a 2023 Trane Smart HVAC system with variable-speed technology for the upstairs, smart thermostat, and a Reme Halo UV air purification system. Step outside to enjoy the screened-in covered patio overlooking a large backyard complete with a sparkling pool—perfect for relaxing and entertaining. Located in the highly sought-after Lake Forest community and zoned to highly rated schools, this home combines luxury, comfort, and outstanding value. Some cosmetic repairs needed but don't miss this exceptional short sale opportunity!

At $178/sqft, this home is 17% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1239 Pine Forest Cir, Round Rock, TX 78665

Property Details

Price $639,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 3,585 sqft
Lot Size 0.23 acres (9,844.56 sqft)
Year Built 2005
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lake Forest
County Williamson
Zip Code 78665
$/sqft $178/sqft
Days on Market ,
HOA $570/Annually
Annual Tax Est. $13,135.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231783970
List Date May 28, 2026
Elementary School Blackland Prairie
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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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 · May 28, 2026 $699,000
Previous ask $659,900
Current ask $639,000
Reduced $60,000 (-8.6%) 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 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
2260 Hat Bender Loop
Northfields
$639,000 $181 4 bd / 4 ba 3,533 sqft , 2026-07-12
3040 Freeman Park Dr
Freeman Park Ph 3
$639,900 $242 4 bd / 3 ba 2,648 sqft , 2025-11-28
1108 Dalea Blf
Forest Ridge Ph 07A
$639,999 $186 4 bd / 3 ba 3,435 sqft , 2026-07-31
2129 Clear Lake Pl
Lake Forest Sec 01
$629,000 $204 5 bd / 4 ba 3,090 sqft , 2026-07-22
2126 Clear Lake Pl
Lake Forest Sec 01
$649,990 $193 4 bd / 3 ba 3,366 sqft , 2026-08-05

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
$3,067/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
$127,800
20% conventional investment loan

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

Estimated Gross Rent+$3,067
Principal + Interest−$3,487
Property Tax (~2.1% TX avg)−$1,118
Insurance (~0.5%)−$266
Est. Monthly Cash Flow $-1,804

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 14, 2026.

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