Active Listing  ·  82 days on market

124 Continental Ave

Liberty Hill, TX 78642
$289,000
3 Bed 2 Bath 1,388 sqft $208/sqft Built 2018 0.11 acres 2-Car Garage Pool Liberty Parke Sub Ph 1

Investor opportunity! This home is being offered with a lease already in place, providing immediate rental income from day one. Located in the desirable North Fork community of Liberty Hill, this property features an open-concept floor plan with spacious living and dining areas, a well-appointed kitchen, generous primary suite, and comfortable secondary bedrooms. The private backyard offers space for outdoor enjoyment, while the community provides convenient access to area shopping, dining, schools, and major commuter routes. Whether you're looking to expand your investment portfolio or secure a turnkey rental property, this home presents an excellent opportunity with an established tenant already in place. Lease details available upon request. Appointment required—please do not disturb tenant.

At $208/sqft, this home is 6% 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

124 Continental Ave, Liberty Hill, TX 78642

Property Details

Price $289,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,388 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Liberty Parke Sub Ph 1
County Williamson
Zip Code 78642
$/sqft $208/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. $6,385.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238623399
List Date July 3, 2026
Elementary School Liberty Hill
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
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 · July 3, 2026 $295,000
Current ask $289,000
Reduced $6,000 (-2.0%) 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
137 Star Spangled Dr
Liberty Parke
$289,000 $204 3 bd / 3 ba 1,414 sqft , 2026-09-16
624 Independence Ave
Liberty Parke Sub Ph Ii
$290,000 $171 4 bd / 2 ba 1,695 sqft , 2026-07-16
100 Quarry Ln
Stonewall Ranch Sec 02
$290,000 $193 3 bd / 2 ba 1,504 sqft , 2026-09-10
109 Proclamation Ave
Liberty Parke
$285,000 $199 3 bd / 2 ba 1,432 sqft , 2026-06-12
225 Mount Vernon Way
Liberty Parke
$280,000 $179 3 bd / 2 ba 1,566 sqft , 2026-06-18

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
$1,387/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
$57,800
20% conventional investment loan

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

Estimated Gross Rent+$1,387
Principal + Interest−$1,577
Property Tax (~2.1% TX avg)−$506
Insurance (~0.5%)−$120
Est. Monthly Cash Flow $-816

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 August 24, 2026.

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