Active Listing  ·  46 days on market

1538 Homewood Cir

Round Rock, TX 78665
$650,000
3 Bed 3 Bath 2,761 sqft $235/sqft Built 2002 0.18 acres 2-Car Garage Pool Sonoma Sec 04 Final

Set beneath a canopy of mature oak trees, this thoughtfully updated home blends timeless curb appeal with an easy, functional floor plan. The main level offers three bedrooms, a dedicated office, and open living spaces filled with natural light, while a beautifully renovated primary bath, warm wood flooring, and a spacious kitchen create a home that feels both elevated and inviting. Upstairs, a generous flex room with a full bath offers endless possibilities as a media room, playroom, guest suite, or second office. Step outside to a backyard made for summer, where a covered patio overlooks a sparkling pool and low-maintenance turf designed for effortless entertaining and year-round enjoyment. Complete with a two-car garage and located in one of Round Rock's most established neighborhoods, this home balances everyday convenience with the flexibility today's buyers are looking for.

At $235/sqft, this home is priced 10% above the Round Rock active market average of $214/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1538 Homewood Cir, Round Rock, TX 78665

Property Details

Price $650,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,761 sqft
Lot Size 0.18 acres (7,805.95 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sonoma Sec 04 Final
County Williamson
Zip Code 78665
$/sqft $235/sqft
Days on Market ,
HOA $300/Semi-Annually
Annual Tax Est. $9,212.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239084534
List Date July 8, 2026
Elementary School Blackland Prairie
Middle School Ridgeview
High School Cedar Ridge
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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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
3712 Royal Port Rush Dr
Forest Creek Ph 01 Sec 01
$650,000 $241 4 bd / 3 ba 2,692 sqft , 2026-08-20
2126 Clear Lake Pl
Lake Forest Sec 01
$649,990 $193 4 bd / 3 ba 3,366 sqft , 2026-08-05
1108 Dalea Blf
Forest Ridge Ph 07A
$639,999 $186 4 bd / 3 ba 3,435 sqft , 2026-07-31
3040 Freeman Park Dr
Freeman Park Ph 3
$639,900 $242 4 bd / 3 ba 2,648 sqft , 2025-11-28
2260 Hat Bender Loop
Northfields
$639,000 $181 4 bd / 4 ba 3,533 sqft , 2026-07-12

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 July 12, 2026.

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