Active Listing  ·  22 days on market

1617 Balmorhea Ln

Round Rock, TX 78664
$299,000
3 Bed 2 Bath 1,755 sqft $170/sqft Built 2000 0.15 acres 2-Car Garage Pool Cambridge Heights Ph A Sec 03

A classic brick exterior with wood siding details characterizes this single-story residence on Balmorhea Lane. Anchored by an attached garage and concrete driveway, the front entryway is framed by mature trees. The exterior also features a shingle roof, shutters, and window screens.

Inside the 1,755-square-foot home, the entrance foyer transitions into a living space detailed with hardwood flooring and high vaulted ceilings. The open floorplan is highlighted by crown molding, ceiling fan(s), and blinds. A breakfast bar connects the living space to the kitchen, which features laminate flooring, a gas range, dishwasher, oven, cooktop, and range hood.

The residence includes three bedrooms and two full bathrooms. The primary bedroom features carpet, ceiling fan(s), and French doors leading to a bathroom with a double vanity, vaulted ceilings, tile flooring, and walk-in closet(s). Additional bedrooms are completed with carpet, ceiling fan(s), and closet storage.

Outdoor living is centered around a fenced back yard with a wood fence that encloses a private yard. A concrete patio steps down to a grassy lawn bordered by trees. A freestanding shed provides dedicated storage space within the backyard.

This Round Rock property combines functional single-story living with comfortable indoor and outdoor spaces. Contact us today to schedule your private tour of this inviting home.

At $170/sqft, this home is 18% 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

1617 Balmorhea Ln, Round Rock, TX 78664

Property Details

Price $299,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,755 sqft
Lot Size 0.15 acres (6,642.9 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cambridge Heights Ph A Sec 03
County Travis
Zip Code 78664
$/sqft $170/sqft
Days on Market ,
HOA $27/Monthly
Annual Tax Est. $7,414.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244871375
List Date September 16, 2026
Elementary School Caldwell
Middle School Park Crest
High School Pflugerville
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 →

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
709 Black Isle Dr
Heatherwilde Sec 02 Ph 02
$299,000 $162 3 bd / 3 ba 1,850 sqft , 2026-09-25
17213 BUSHMILLS Rd
WINDERMERE PHS F SEC 3
$294,999 $189 3 bd / 2 ba 1,560 sqft , 2026-06-18
18909 Schultz Ln
Center 45
$305,900 $186 3 bd / 3 ba 1,646 sqft , 2026-09-09
2328 Friarcreek Loop
Greenlawn Place
$285,000 $211 3 bd / 2 ba 1,353 sqft , 2026-06-03
17303 Orwell Ln
Meadows At Cambridge Heights P
$315,000 $168 4 bd / 3 ba 1,878 sqft , 2026-07-09

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 17, 2026.

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