Active Listing  ·  28 days on market

228 Gary Wayne Dr

Liberty Hill, TX 78642
$559,500
4 Bed 5 Bath 3,047 sqft $184/sqft Built 2024 0.15 acres 3-Car Garage Pool Lariat Sec 9

This home is priced to sell, and the owner is offering buyer incentives up to $10,000 towards closing costs or an interest buy-down, along with a two-year home warranty. Plus, full home pre-inspection available.

An entry foyer with a wall of windows on the back side anchors this two-story Liberty Hill home, offering a serene atmosphere upon arrival. A home office is located upon entry in the foyer, providing a quiet space for remote work or study.

An open floor plan hosts a roomy kitchen including an inviting island with built-in seating space. The two-story dining area opens to a two-story family room featuring a wall of windows that fills the space with light. For convenience, a mud room is situated off the three-car garage.

The first-floor primary suite features a wall of windows and a primary bath completed with dual vanities, a garden tub, a separate glass-enclosed shower, and two walk-in closets. A guest suite with a full bath is also located downstairs. Upstairs, secondary bedrooms and a media room wired for sound provide additional functional spaces. All bedrooms in this home include a private bath and walk-in closets.

Tranquil outdoor living is easily enjoyed on the covered backyard patio. The property also features an eight-zone sprinkler system to help maintain the grounds.

At $184/sqft, this home is 17% below the Liberty Hill active market average of $222/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

228 Gary Wayne Dr, Liberty Hill, TX 78642

Property Details

Price $559,500
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,047 sqft
Lot Size 0.15 acres (6,359.76 sqft)
Year Built 2024
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lariat Sec 9
County Williamson
Zip Code 78642
$/sqft $184/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. $15,768.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248550563
List Date October 15, 2026
Elementary School LouineNoble
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

LouineNoble · Liberty Hill (Liberty Hill) · Liberty Hill

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.

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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
109 Statue Dr
Lariat
$556,900 $171 4 bd / 3 ba 3,252 sqft , 2026-03-31
105 Gibbs Dr
Lariat
$556,900 $178 4 bd / 4 ba 3,135 sqft , 2025-09-05
907 Sheepdog Cv
Lariat
$549,900 $178 4 bd / 4 ba 3,088 sqft , 2026-04-23
1112 Lariat Loop
Lariat
$549,900 $182 4 bd / 4 ba 3,018 sqft , 2026-05-21
101 Bauer Loop
Lariat
$549,900 $218 4 bd / 4 ba 2,527 sqft , 2026-09-17

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
$2,686/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
$111,900
20% conventional investment loan

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

Estimated Gross Rent+$2,686
Principal + Interest−$3,053
Property Tax (assumed ~2.1%)−$979
Insurance (assumed ~0.5%)−$233
Est. Monthly Cash Flow $-1,579

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 · 41 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. The written content was last updated on November 3, 2026.

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

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