Active Listing  ·  15 days on market

1903 Springwater Dr

Round Rock, TX 78681
$575,000
5 Bed 3 Bath 3,220 sqft $179/sqft Built 1993 0.15 acres 2-Car Garage Pool Oaklands Sec 01A

Welcome to this SPACIOUS 5 bedroom, 3 bathroom 3,220 sqft two story in the desirable highly sought-after Oaklands community in Round Rock! This home features soaring ceilings, abundant natural lighting, and multiple living and dining areas! It offers a perfect blend of comfort, style and functionality. The spacious kitchen is the heart of the home, complete with unique granite counters, a breakfast bar, all overlooking the family room! There is a dedicated office and flexible living spaces provide room for working from home, entertaining or everyday living! The media room upstairs is awesome for watching movies, or can also serve as a playroom or flex space! Step outside to a great backyard shaded by mature oak trees! Residents of Oaklands enjoy exceptional amenities, including a community pool, clubhouse, playground, tennis & pickleball courts, plus convenient access to the Brushy Creek Trail system! Zoned to the highly acclaimed Round Rock ISD and just minutes form shopping, dining, hospitals and major highways including SH-45, MoPac and I-35. This is an outstanding opportunity in one of Round Rock's best neighborhoods! Flooring allowance of $3,500!

At $179/sqft, this home is 16% 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

1903 Springwater Dr, Round Rock, TX 78681

Property Details

Price $575,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 3,220 sqft
Lot Size 0.15 acres (6,686.46 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oaklands Sec 01A
County Williamson
Zip Code 78681
$/sqft $179/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. $10,289.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241734575
List Date July 31, 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
2605 Sam Bass Rd #55
Clear Creek
$603,390 $233 5 bd / 4 ba 2,595 sqft , 2026-07-23
510 Brookstone Ct
Oaklands Sec 03-B
$525,000 $210 4 bd / 3 ba 2,505 sqft , 2026-08-01
1612 Hermitage Dr
Hermitage
$625,000 $272 4 bd / 3 ba 2,294 sqft , 2026-07-31
2402 Sparrow Dr
Oakcreek Sec 01
$475,000 $186 4 bd / 3 ba 2,554 sqft , 2026-03-10
701 Oaklands Dr
The Oaklands
$699,000 $223 4 bd / 3 ba 3,135 sqft , 2026-07-03

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
$2,760/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
$115,000
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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 1, 2026.

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