Active Listing  ·  22 days on market

1402 Gulf Way

Round Rock, TX 78665
$334,900
4 Bed 3 Bath 2,337 sqft $143/sqft Built 1996 0.21 acres Pool Meadow Lake Sec 03

Welcome to this spacious 4-bedroom, 2.5-bath home in Round Rock, offering versatile living spaces, thoughtful updates, and plenty of room to spread out. The flexible floor plan features multiple living and dining areas, providing options for entertaining, relaxing, or creating dedicated spaces for work and everyday living. The generously sized primary suite offers a comfortable retreat with plenty of space to unwind. A standout feature is the climate-controlled converted garage, offering valuable additional flex space that can be used as a game room, home gym, hobby space, office, or whatever best fits your needs. Recent and notable updates include a new roof within the last two years, rain gutters installed in 2023, HVAC replaced in 2019, water heater replaced in 2018, and new windows installed in 2017. Brand-new carpet was installed in September. Energy-conscious buyers will appreciate the paid-in-full solar panel system, helping contribute to low energy bills. Outside, enjoy a large, fully fenced backyard with 2 spacious sheds that have electricity and provide excellent workshop or storage potential. Conveniently located in a quiet neighborhood across the street from an elementary and middle school with close access to Round Rock's shopping, dining, parks, and major roadways, this home offers a great combination of space, flexibility, updates, energy efficiency, and everyday convenience.

At $143/sqft, this home is 31% 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

1402 Gulf Way, Round Rock, TX 78665

Property Details

Price $334,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,337 sqft
Lot Size 0.21 acres (9,321.84 sqft)
Year Built 1996
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Meadow Lake Sec 03
County Williamson
Zip Code 78665
$/sqft $143/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,694.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242420745
List Date September 16, 2026
Elementary School Union Hill
Middle School Hopewell
High School Stony Point
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 · September 16, 2026 $350,000
Current ask $334,900
▼ Reduced $15,100 (-4.3%) 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
3625 Eagles Nest St
Eagle Ridge Sec 02 Amd
$329,500 $158 3 bd / 2 ba 2,085 sqft , 2026-07-02
1408 Water Spaniel Way
Chandler Creek Sec 10
$325,000 $138 3 bd / 3 ba 2,351 sqft , 2026-07-01
2903 Pioneer Way
Settlement Sec 02
$347,500 $168 3 bd / 3 ba 2,068 sqft , 2026-07-22
608 Saunders Dr
Settlement Sec 01
$319,900 $206 4 bd / 2 ba 1,555 sqft , 2026-08-07
1516 Tonia Loop
Stoney Brook Sec 05
$317,800 $184 3 bd / 2 ba 1,725 sqft , 2026-09-03

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
$1,608/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
$66,980
20% conventional investment loan

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

Estimated Gross Rent+$1,608
Principal + Interest−$1,828
Property Tax (~2.1% TX avg)−$586
Insurance (~0.5%)−$140
Est. Monthly Cash Flow $-946

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 September 28, 2026.

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