Active Listing  ·  90 days on market

128 Lockhart Dr

Liberty Hill, TX 78642
$599,000
4 Bed 3 Bath 2,773 sqft $216/sqft Built 2021 0.19 acres 3-Car Garage Pool Santa Rita Ranch

This single level Santa Rita Ranch home has that fresh, polished look from the second you pull up. Step inside and the tone stays just as polished, with high ceilings, warm wood flooring, natural light, and a clean modern finish that gives the home a warm, elevated feel. The main living area is open, with the kitchen, dining, and living spaces all connected in a way that feels natural for gathering or hosting. The kitchen is at the center with an oversized island, quartz countertops, SS appliances, gas cooking, and a classic subway tile backsplash that keeps everything feeling sharp and timeless. A wall of windows brings in backyard views and plenty of natural light, while the brick fireplace adds a grounded, classic touch to the living room. The split floorplan gives the primary suite its own sense of privacy. Spacious and filled with natural light, the suite leads into an impressive ensuite with three separate vanities, a soaking tub, and an oversized walk-in shower with dual shower heads. Three additional bedrooms give you flexibility for guests or family, including one with its own ensuite. A dedicated office keeps work nearby without using the bedroom space, while an additional flex room is ready for a game, media or play room. The covered patio opens to a generous backyard with plenty of room to create the outdoor setup you’ve been dreaming about. A 3-car garage provides options for parking, a workshop, or both. As if the home itself wasn’t enough, Santa Rita Ranch is known for its award-winning amenities; waterslides, a Wellness Barn and miles of scenic trails, to name a few. From pickleball matches to cornhole tournaments, community events, make it easy to stay active and connected. Polished where you see it, practical where you need it, and connected to a community people love, this home brings the full Santa Rita Ranch lifestyle into focus. Buyer to verify all info.

At $216/sqft, this home is priced in line with the Liberty Hill market average of $221/sqft across 489 active listings. View Austin market report →

Location

128 Lockhart Dr, Liberty Hill, TX 78642

Property Details

Price $599,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,773 sqft
Lot Size 0.19 acres (8,158.79 sqft)
Year Built 2021
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch
County Williamson
Zip Code 78642
$/sqft $216/sqft
Days on Market ,
HOA $106/Monthly
Annual Tax Est. $11,648.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237333705
List Date June 25, 2026
Elementary School San Gabriel
Middle School Douglas Benold
High School East View
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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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
609 Faith Dr
Santa Rita Ranch Ph 1 Sec 8
$599,000 $226 3 bd / 3 ba 2,647 sqft , 2026-04-24
408 Amista Dr
Santa Rita Ranch
$598,990 $222 4 bd / 4 ba 2,703 sqft , 2026-05-14
137 Night Bloom Path
SANTA RITA RANCH
$599,900 $210 4 bd / 4 ba 2,852 sqft , 2026-07-18
404 Amista Dr
Santa Rita Ranch
$599,990 $206 5 bd / 4 ba 2,909 sqft , 2026-02-24
233 Pacific Grove Cir
Santa Rita Ranch
$594,900 $203 4 bd / 3 ba 2,936 sqft , 2026-01-15

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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 June 26, 2026.

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