Active Listing  ·  73 days on market

17842 Park Valley Dr

Round Rock, TX 78681
$450,000
5 Bed 4 Bath 2,664 sqft $169/sqft Built 1988 0.18 acres 2-Car Garage Pool Fern Bluff Sec 01-A

Rare 5-bedroom home directly across from Fern Bluff Elementary and Fern Bluff Park in one of Round Rock’s most desirable established neighborhoods. Offering approximately 2,664 square feet, this updated home combines an exceptional location, flexible floorplan, and outstanding indoor and outdoor living spaces. There are multiple living and dining areas, updated flooring, modern lighting, abundant natural light, and a spacious open layout. The remodeled kitchen features granite countertops, stainless steel appliances, gas cooking, extensive cabinetry, a center island, and generous prep and storage space. The expansive main living area offers built-in cabinetry and plenty of room for gatherings. The flexible 5-bedroom layout provides options for guest rooms, home offices, hobbies, or multigenerational living. The spacious primary suite includes a large bath with dual vanities, soaking tub, separate shower, and walk-in closet. Additional updates include a brand-new water heater and refreshed finishes throughout. Enjoy a massive, elevated deck overlooking the backyard, perfect for entertaining, grilling, or relaxing under the trees. The covered patio below creates a second outdoor living area and extends the home’s entertaining possibilities. The oversized utility room is a true bonus, featuring extensive cabinetry, granite countertops, workspace, storage, and an adjoining powder bath that is rarely found. Step outside and enjoy immediate access to Fern Bluff Park with playgrounds, sports fields, tennis courts, basketball courts, volleyball courts, walking areas, and open green space. Conveniently located just minutes from H-E-B, shopping, dining, medical facilities, FM 620, SH-45 Toll, Mopac, and I-35, with easy access to The Domain, Dell, Apple, Samsung, Amazon, and the North Austin technology corridor. A rare opportunity to own a spacious, updated 5-bedroom home in a premier Round Rock location. All information is deemed reliable. Buyer to verify all information.

At $169/sqft, this home is 21% below the Round Rock active market average of $213/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

17842 Park Valley Dr, Round Rock, TX 78681

Property Details

Price $450,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,664 sqft
Lot Size 0.18 acres (7,670.92 sqft)
Year Built 1988
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fern Bluff Sec 01-A
County Williamson
Zip Code 78681
$/sqft $169/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,508
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231713407
List Date June 4, 2026
Elementary School Fern Bluff
Middle School Chisholm Trail
High School Round Rock
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
16902 Tomcat Dr
Cat Hollow Sec 07
$455,000 $184 4 bd / 3 ba 2,476 sqft , 2026-07-15
8221 MANX Dr
CAT HOLLOW 1-A
$440,000 $193 4 bd / 2 ba 2,281 sqft , 2026-07-01
2402 Sparrow Dr
Oakcreek Sec 01
$460,000 $180 4 bd / 3 ba 2,554 sqft , 2026-03-10
8416 Priest River Dr
Fern Bluff Sec 02 Amd
$474,500 $202 4 bd / 3 ba 2,345 sqft , 2026-07-13
16816 Dorman Dr
Cat Hollow Sec 05-A
$425,000 $185 4 bd / 3 ba 2,296 sqft , 2026-06-13

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 21, 2026.

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