Active Listing  ·  173 days on market

232 Gary Wayne Dr

Liberty Hill, TX 78642
$474,900
4 Bed 3 Bath 2,595 sqft $183/sqft Built 2026 0.15 acres 2-Car Garage Pool Lariat

Welcoming front porch opens into the two-story entryway featuring French doors leading into the home office. Past the staircase you enter the kitchen, which hosts a 5-burner gas cooktop, an island with built-in seating space, and a corner walk-in pantry. The dining area connects the open two-story family room featuring a wall of windows and access to the covered backyard patio. The primary bedroom hosts a wall of windows. French doors open into the primary bathroom featuring dual vanities, a glass-enclosed shower, a freestanding tub, and a large walk-in closet. On the second floor you enter into the game room overlooking the first floor. Secondary bedrooms featuring walk-in closets and a shared bathroom complete this floor. A private guest suite with full bathroom and a room are located off the kitchen. Landscaping features an 8-zone sprinkler system. The mud room is just off the two-car garage.

At $183/sqft, this home is 18% 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

232 Gary Wayne Dr, Liberty Hill, TX 78642

Property Details

Price $474,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,595 sqft
Lot Size 0.15 acres (6,368.47 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lariat
County Williamson
Zip Code 78642
$/sqft $183/sqft
Days on Market ,
HOA $840/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231217735
List Date May 23, 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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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 · May 23, 2026 $583,900
Previous ask $504,900
Current ask $474,900
▼ Reduced $109,000 (-18.7%) 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
232 Rightfield Dr
Lariat
$474,900 $187 4 bd / 3 ba 2,545 sqft , 2026-06-06
313 West Faulkner St
Lariat
$475,880 $171 4 bd / 3 ba 2,777 sqft , 2026-08-17
229 Rightfield Dr
Lariat
$469,990 $183 4 bd / 4 ba 2,567 sqft , 2026-05-07
129 Alfalfa Dr
Lariat Sec 7
$480,000 $159 4 bd / 3 ba 3,023 sqft , 2026-10-30
201 West Faulkner St
Lariat
$464,990 $160 4 bd / 3 ba 2,901 sqft , 2026-10-19

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
$2,280/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
$94,980
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (assumed ~2.1%)−$831
Insurance (assumed ~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 9, 2026.

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

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