Active Listing  ·  102 days on market

2712 Margarita Ct

Round Rock, TX 78665
$799,900
4 Bed 3 Bath 3,893 sqft $205/sqft Built 2015 0.36 acres 4-Car Garage Pool Paloma Lake

Welcome to luxury living in the highly coveted Paloma Lake community! Situated on an expansive .36-acre cul-de-sac lot, this stunning 3,893 sq. ft. home offers the perfect blend of elegance, comfort, and resort-style outdoor living. The backyard is a true private oasis featuring a sparkling pool with waterfall, chef-inspired outdoor kitchen with grill and fridge, outdoor living room with fireplace, wood-covered patio, professional landscaping, mature Texas native trees, roses, lush sod, and full sprinkler system. Outside, you’ll find timeless brick and stone architecture & a four-car garage. Inside enjoy a soaring two-story entry, ornate iron banister, formal dining, dedicated home office, two bedrooms and two full baths downstairs, plus spacious game and media rooms upstairs. The chef’s kitchen impresses with ceiling-height cabinetry with built-in lighting, oversized island, granite countertops, stainless built-in appliances, butler’s serving area, and wine fridge. Retreat to the oversized primary suite with bay windows and spa-like bath featuring custom tile work, an oversized shower, and large walk-in closet. Additional highlights include abundant storage, built-in study space, and a Generac whole-house gas generator for peace of mind. Residents enjoy exceptional community amenities including pools, scenic trails, and a serene lake, all conveniently located near top-rated schools, shopping, dining, Dell Diamond, and Kalahari Resorts & Conventions.

At $205/sqft, this home is 4% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2712 Margarita Ct, Round Rock, TX 78665

Property Details

Price $799,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,893 sqft
Lot Size 0.36 acres (15,681.6 sqft)
Year Built 2015
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paloma Lake
County Williamson
Zip Code 78665
$/sqft $205/sqft
Days on Market ,
HOA $182/Quarterly
Annual Tax Est. $13,496.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228265504
List Date May 13, 2026
Elementary School Herrington
Middle School Hopewell
High School Stony Point
School District ,

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 · May 13, 2026 $850,000
Current ask $799,900
Reduced $50,100 (-5.9%) 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
3320 Magellan Ct
Paloma Lake
$750,000 $215 4 bd / 3 ba 3,495 sqft , 2026-02-19
2928 San Milan Pass
Paloma Lake Sec 12
$699,000 $207 4 bd / 4 ba 3,380 sqft , 2026-06-01
2927 San Milan Pass
Paloma Lake Sec 12
$674,500 $208 4 bd / 3 ba 3,240 sqft , 2026-05-05
3343 Pablo Cir
Paloma Lake Sec 14
$649,900 $202 5 bd / 4 ba 3,225 sqft , 2026-07-25
3307 Columbus Way
Paloma Lake
$640,000 $176 4 bd / 4 ba 3,636 sqft , 2026-05-11

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
$3,840/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
$159,980
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,365
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,258

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

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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 · 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 9, 2026.

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