Active Listing  ·  13 days on market

129 Alfalfa Dr

Liberty Hill, TX 78642
$480,000
4 Bed 3 Bath 3,023 sqft $159/sqft Built 2024 0.11 acres 2-Car Garage Pool Lariat Sec 7

Welcome home to soaring ceilings, natural light, and sunset views in Lariat

This stunning two-story home makes a statement from the moment you walk in, with soaring vaulted ceilings and dramatic castle-inspired windows. Motorized solar shades in the entry, living room, dining room, and primary bedroom let you soften the light or create instant privacy at the touch of a button.

The owner has thoughtfully elevated nearly every space. The living room now features a fireplace and statement chandelier. The office is fully color drenched, with custom wall accents and an upgraded light fixture, making it a workspace you’ll actually want to spend time in. The primary bedroom is a designer retreat, color drenched from top to bottom with elegant sconces flanking the bed.

The primary bath has been completely transformed with new floor-to-ceiling tile and accent tile in the shower, a design that carries into the laundry room. The primary closet opens directly into the laundry for easy everyday flow.

Out back, the home backs to open space, so instead of a neighbor’s yard you get treetops and sunsets every evening.

Hardwood floors throughout (no carpet anywhere), a sensible floor plan, and meticulous care inside and out. The garage includes extra storage and a window for natural light. All of this in the sought-after the award winning Lariat community, with a pool, splash pad, playground, dock with a fishing pond, trails and events pavilion to enjoy.

At $159/sqft, this home is 28% below the Liberty Hill active market average of $222/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

129 Alfalfa Dr, Liberty Hill, TX 78642

Property Details

Price $480,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,023 sqft
Lot Size 0.11 acres (4,782.89 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lariat Sec 7
County Williamson
Zip Code 78642
$/sqft $159/sqft
Days on Market ,
HOA $840/Annually
Annual Tax Est. $14,601.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251308177
List Date October 30, 2026
Elementary School LouineNoble
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

LouineNoble · Liberty Hill (Liberty Hill) · Liberty Hill

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
313 West Faulkner St
Lariat
$475,880 $171 4 bd / 3 ba 2,777 sqft , 2026-08-17
232 Gary Wayne Dr
Lariat
$474,900 $183 4 bd / 3 ba 2,595 sqft , 2026-05-23
232 Rightfield Dr
Lariat
$474,900 $187 4 bd / 3 ba 2,545 sqft , 2026-06-06
229 Rightfield Dr
Lariat
$469,990 $183 4 bd / 4 ba 2,567 sqft , 2026-05-07
201 West Faulkner St
Lariat
$464,990 $160 4 bd / 3 ba 2,901 sqft , 2026-10-19

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (assumed ~2.1%)−$840
Insurance (assumed ~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 · 41 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. The written content was last updated on November 8, 2026.

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

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