Active Listing  ·  83 days on market

2928 San Milan Pass

Round Rock, TX 78665
$699,000
4 Bed 4 Bath 3,380 sqft $207/sqft Built 2015 0.21 acres 3-Car Garage Pool Paloma Lake Sec 12

Discover this beautifully maintained home in the sought-after Paloma Lake community, offering a bright and functional layout designed for everyday comfort and effortless entertaining. The open-concept living area features abundant natural light and flows seamlessly into a spacious kitchen equipped with granite countertops, stainless steel appliances, an oversized island, and generous storage—ideal for cooking, gathering, and hosting.

The private primary suite provides a relaxing retreat with a large walk-in shower and two primary closets! The primary bath includes dual vanities, soaking tub, and a separate shower. Additional bedrooms offer flexible space for guests, work, or hobbies. There is also a dedicated office or flex room, adding even more versatility to the floor plan.

Step outside to enjoy a covered patio overlooking a private backyard—perfect for outdoor dining, quiet mornings, or weekend BBQs. The property is situated in a well-kept neighborhood known for its scenic trails, community lake, parks, and inviting amenities. Convenient access to major roadways, shopping, dining, and local employers makes daily routines simple and efficient.

At $207/sqft, this home is 3% 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

2928 San Milan Pass, Round Rock, TX 78665

Property Details

Price $699,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,380 sqft
Lot Size 0.21 acres (9,182.45 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paloma Lake Sec 12
County Williamson
Zip Code 78665
$/sqft $207/sqft
Days on Market ,
HOA $182/Quarterly
Annual Tax Est. $12,301.69
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232131894
List Date June 1, 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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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
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
3320 Magellan Ct
Paloma Lake
$750,000 $215 4 bd / 3 ba 3,495 sqft , 2026-02-19
3307 Columbus Way
Paloma Lake
$640,000 $176 4 bd / 4 ba 3,636 sqft , 2026-05-11
3375 Catalina Cv
Paloma Lake Sec 13
$639,000 $238 4 bd / 4 ba 2,684 sqft , 2026-04-01

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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 July 11, 2026.

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