Active Listing  ·  53 days on market

1408 Water Spaniel Way

Round Rock, TX 78664
$345,000
3 Bed 3 Bath 2,351 sqft $147/sqft Built 2001 0.13 acres 2-Car Garage Pool Chandler Creek Sec 10

Welcome to this spacious 3-bedroom, 2.5-bath home offering over 2,300 square feet of thoughtfully designed living space in the heart of Round Rock. With an open-concept floorplan, multiple living and dining areas, and flexible spaces throughout, this home is perfectly suited for both everyday living and entertaining.

The bright and inviting main level features abundant natural light, durable flooring, and seamless flow between the living room, dining areas, and kitchen. The kitchen overlooks the main living space and offers generous cabinetry, ample counter space, and a convenient breakfast bar, making it the perfect gathering place for family and friends. Multiple dining and living areas provide endless possibilities for hosting, relaxing, or creating a dedicated home office or playroom.

Upstairs, you'll find an expansive loft and landing area that serves as the ideal flex space for a media room, game room, home gym, or additional living area. The oversized primary suite is a true retreat with enough space for a sitting area, while the ensuite bath is complemented by an impressive walk-in closet that offers exceptional storage. Two additional bedrooms are generously sized.

Step outside to enjoy the large backyard, offering plenty of room for outdoor entertaining, gardening, play, or simply relaxing in your own private outdoor space.

Conveniently located in a welcoming Round Rock community, this home offers easy access to major employers, Dell Diamond, Kalahari Resort, Old Settlers Park, shopping, dining, and entertainment. With nearby access to SH-45, I-35, and Toll 130, commuting to Austin, major tech campuses, and surrounding areas is effortless, while neighborhood parks and community amenities provide the perfect balance of convenience and lifestyle.

At $147/sqft, this home is 31% 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

1408 Water Spaniel Way, Round Rock, TX 78664

Property Details

Price $345,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,351 sqft
Lot Size 0.13 acres (5,532.12 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chandler Creek Sec 10
County Williamson
Zip Code 78664
$/sqft $147/sqft
Days on Market ,
HOA $310/Annually
Annual Tax Est. $6,636
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238195738
List Date July 1, 2026
Elementary School Teravista
Middle School CPL Robert P Hernandez
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.

Schedule a Call →

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 1, 2026 $369,000
Current ask $345,000
Reduced $24,000 (-6.5%) 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
2417 Hallie Ln
Jester Farms Sec 05
$344,999 $178 3 bd / 2 ba 1,940 sqft , 2026-08-02
1955 Settlers Glen Dr #4703
Northpoint at Old Settlers
$342,400 $178 3 bd / 3 ba 1,922 sqft , 2026-05-27
1955 Settlers Glen Dr #4901
Northpoint at Old Settlers
$349,900 $177 3 bd / 3 ba 1,977 sqft , 2026-07-24
2207 Oscar Eli Pl
Avery Centre
$349,990 $178 4 bd / 3 ba 1,970 sqft , 2026-03-10
1898 Wallin Loop Loop
Jester Farms Sec 04
$350,000 $225 3 bd / 3 ba 1,554 sqft , 2026-06-17

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
$1,656/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
$69,000
20% conventional investment loan

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

Estimated Gross Rent+$1,656
Principal + Interest−$1,883
Property Tax (~2.1% TX avg)−$604
Insurance (~0.5%)−$144
Est. Monthly Cash Flow $-975

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 6, 2026.

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