About This Home

1/3 acre LOT! Gorgeous GREENBELT and one of the largest lots in Paloma Lake! Outdoor living bar none! Room for playscape, pool or expanded gardens. The fireplace adds cozy charm to the living area. The home features three bedrooms PLUS a LARGE FLEX (study, hobby, exercise, YOU CHOOSE!). 3 Car TANDEM garage. The home has been meticulously maintained and it SHOWS!

At $233/sqft, this home is priced 9% above the Round Rock active market average of $214/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2705 San Milan Pass, Round Rock, TX 78665

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Property Details

Price $550,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,356 sqft

Lot Size 0.36 acres (15,681.6 sqft)

Year Built 2014

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Paloma Lake Sec 10

County Williamson

Zip Code 78665

$/sqft $233/sqft

Days on Market ,

HOA $182/Quarterly

Annual Tax Est. $9,433.66

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238951383

List Date July 14, 2026

Elementary School Herrington

Middle School Hopewell

High School Stony Point

School District ,

Have Questions About This Property?

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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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 · July 14, 2026 $565,000

Current ask $550,000

▼ Reduced $15,000 (-2.7%) 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 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

2709 Belicia Ln
Paloma Lake Sec 10 $540,000 $188 4 bd / 4 ba 2,866 sqft , 2026-04-23

1531 N Red Bud Ln #24
Chester Ranch Place $535,424 $230 4 bd / 3 ba 2,326 sqft , 2026-05-01

3504 Esperanza Dr
Paloma Lake Sec 20A $525,000 $170 4 bd / 3 ba 3,090 sqft , 2026-05-29

2834 Diego Ct
Paloma Lake Sec 4B $585,000 $194 4 bd / 3 ba 3,018 sqft , 2026-07-11

1531 N Red Bud Ln #25
Chester Ranch Place $510,697 $228 3 bd / 3 ba 2,238 sqft , 2026-05-01

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

$2,640/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

$110,000

20% conventional investment loan

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

Estimated Gross Rent+$2,640

Principal + Interest−$3,002

Property Tax (~2.1% TX avg)−$963

Insurance (~0.5%)−$229

Est. Monthly Cash Flow $-1,554

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

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 August 14, 2026.

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

2705 San Milan Pass