About This Home

NEW CONSTRUCTION BY PULTE HOMES! Available September 2026! The five bedroom, two-story Gustine plan features the owner's suite & flex space downstairs with 3 bedrooms plus a loft upstairs. This property sits on an oversized corner lot!

At $168/sqft, this home is 24% 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

232 Groveland Dr, Liberty Hill, TX 78642

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $424,900

Status Active Listing

Beds 5

Full Baths 3

Half Baths ,

Living Area 2,536 sqft

Lot Size 0.15 acres (6,534 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Santa Rita Ranch at Saddleback

County Williamson

Zip Code 78642

$/sqft $168/sqft

Days on Market ,

HOA $116/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT241374327

List Date July 27, 2026

Elementary School LouineNoble

Middle School Legacy Ranch

High School Legacy Ranch

School District ,

Have Questions About This Property?

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 →

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

500 Inspiration Dr
Santa Rita Ranch Ph 1 Sec 2A $428,900 $187 4 bd / 3 ba 2,290 sqft , 2026-05-30

224 Groveland Dr
Santa Rita Ranch at Saddleback $419,900 $166 5 bd / 3 ba 2,536 sqft , 2026-07-27

481 Bristlecone Bnd
Santa Rita Ranch at Saddleback $414,900 $176 4 bd / 3 ba 2,353 sqft , 2026-08-07

228 Groveland Dr
Santa Rita Ranch at Saddleback $414,900 $176 4 bd / 3 ba 2,353 sqft , 2026-08-07

825 Olinda Way
Saddleback/Santa Rita Ranch Ph $404,000 $180 4 bd / 3 ba 2,250 sqft , 2026-07-23

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

$2,040/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

$84,980

20% conventional investment loan

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

Estimated Gross Rent+$2,040

Principal + Interest−$2,319

Property Tax (~2.1% TX avg)−$744

Insurance (~0.5%)−$177

Est. Monthly Cash Flow $-1,200

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

About the Author

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 28, 2026.

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

232 Groveland Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Liberty Hill, TX

More Luxury Homes in Liberty Hill

Explore Austin Real Estate