Active Listing  ·  30 days on market

165 Cascata Way

Liberty Hill, TX 78642
$430,000
4 Bed 3 Bath 2,669 sqft $161/sqft Built 2019 0.16 acres 2-Car Garage Pool Santa Rita Ranch

Welcome to 165 Cascata Way in Santa Rita Ranch! With 4 bedrooms, 2.5 bathrooms, a dedicated office, two living spaces, and 2,669 square feet, this home gives you plenty of space to settle in, spread out, and actually use every part of the house. From the open main living area to the upstairs loft and tucked-away primary suite, there is a really nice balance of shared spaces and places to have a little privacy.

The main living area is bright, welcoming, and filled with natural light, with high ceilings and an open flow between the kitchen, dining, and living spaces. The kitchen is right in the middle of it all and features white cabinetry, granite countertops, stainless steel appliances, a gas cooktop, walk-in pantry, and a large center island with seating. Whether it is a quiet weeknight dinner or a house full of people, this space is set up to handle it.

The primary suite is tucked away on the main floor and feels like a true retreat, with a tray ceiling, beautiful natural light, and an ensuite bath with dual vanities, a walk-in shower, and generous closet space. Also downstairs is a dedicated office near the front of the home, so you get a real work-from-home space without having to give up one of the bedrooms.

Head upstairs and the floor plan gets even more fun. You will find three additional bedrooms, a full bathroom, and a spacious loft overlooking the living room below. It is such a great bonus space for a second living room, playroom, game room, movie nights, or whatever works best for you.

And don’t forget the backyard! A covered patio gives you a shady spot to relax while the fenced yard leaves plenty of room to enjoy the outdoors.

Between the flexible floor plan, main-level primary suite, dedicated office, big upstairs loft, and all that usable living space, 165 Cascata Way has so many of the things people are looking for wrapped up into one really welcoming home in Santa Rita Ranch.

At $161/sqft, this home is 27% below the Liberty Hill active market average of $221/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

165 Cascata Way, Liberty Hill, TX 78642

Property Details

Price $430,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,669 sqft
Lot Size 0.16 acres (6,786.65 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch
County Williamson
Zip Code 78642
$/sqft $161/sqft
Days on Market ,
HOA $116/Monthly
Annual Tax Est. $8,743.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242632215
List Date August 24, 2026
Elementary School Santa Rita
Middle School Legacy Ranch
High School Legacy Ranch
School District ,

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.

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 · August 24, 2026 $460,000
Previous ask $450,000
Current ask $430,000
Reduced $30,000 (-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 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
125 Andele Way
Santa Rita Ranch
$430,000 $159 4 bd / 3 ba 2,703 sqft , 2026-08-10
105 Wagon Spoke Way
Orchard Ridge
$429,900 $168 5 bd / 3 ba 2,553 sqft , 2026-01-14
201 Double Mountain Rd
Santa Rita Ranch South Sec 5A
$435,000 $157 4 bd / 3 ba 2,772 sqft , 2026-08-06
300 Fluttermill Loop
Highland Mdws Ph 3B
$439,990 $182 4 bd / 3 ba 2,413 sqft , 2026-07-24
229 Majestic Cedar Dr
Highland Mdws Ph 2D
$415,000 $174 4 bd / 4 ba 2,388 sqft , 2026-07-28

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
$2,064/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
$86,000
20% conventional investment loan

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

Estimated Gross Rent+$2,064
Principal + Interest−$2,347
Property Tax (~2.1% TX avg)−$753
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,215

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 · 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 20, 2026.

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