Active Listing  ·  29 days on market

240 Prairie Song Ln

Liberty Hill, TX 78642
$299,990
3 Bed 3 Bath 1,872 sqft $160/sqft Built 2026 0.14 acres 2-Car Garage Pool Butler Farms

Brand new, energy-efficient home available by Oct 2026! Fall in love with the Lassen, featuring impressive volume ceilings that give the foyer a bright, spacious feel. Gather around the generous kitchen island at the heart of the open living area, then head upstairs to enjoy a versatile loft and private primary suite designed for relaxing at the end of the day. Small-town charm meets big-city amenities in the heart of this Liberty Hill community. Situated just off Hwy 29, the “Americana Collection” at Butler Farms offers functional floorplans with fabulous included features like walk-in showers, covered patios and designer curated interior packages. Find your dream home in this gorgeous community located in the highly-acclaimed Liberty Hill ISD. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $160/sqft, this home is 28% 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

240 Prairie Song Ln, Liberty Hill, TX 78642

Property Details

Price $299,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,872 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Butler Farms
County Williamson
Zip Code 78642
$/sqft $160/sqft
Days on Market ,
HOA $123/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249099753
List Date October 14, 2026
Elementary School Bill Burden
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

Bill Burden · 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 · October 14, 2026 $330,990
Current ask $299,990
▼ Reduced $31,000 (-9.4%) 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
124 Windfall Trl
Butler Farms
$299,990 $174 4 bd / 2 ba 1,720 sqft , 2026-06-08
108 Rivendale St
Butler Farms
$294,990 $186 3 bd / 3 ba 1,589 sqft , 2026-07-07
416 Wild Spur Ln
Butler Farms
$294,990 $158 3 bd / 3 ba 1,872 sqft , 2026-07-07
208 Windfall Trl
Butler Farms
$289,990 $169 4 bd / 2 ba 1,720 sqft , 2026-05-07
417 Wild Spur Ln
Butler Farms
$289,990 $182 3 bd / 3 ba 1,589 sqft , 2026-05-19

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
$1,440/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
$59,998
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (assumed ~2.1%)−$525
Insurance (assumed ~0.5%)−$125
Est. Monthly Cash Flow $-847

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 4, 2026.

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

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