Active Listing  ·  114 days on market

2934 Magellan Way

Round Rock, TX 78665
$475,000
4 Bed 3 Bath 3,049 sqft $156/sqft Built 2010 0.18 acres 2.5-Car Garage Pool Paloma Lake

Welcome to Paloma Lake, where everyday living feels like a retreat. Perfectly set on a private lot backing to a serene greenbelt, this 4-bedroom, 3-bath home offers the ideal blend of comfort, space, and connection to nature.

Inside, you’ll find thoughtful custom touches throughout, including hardwood floors, graceful arches, crown molding, and a completely carpet-free interior. Oversized rooms and generous closets add both style and functionality.

The kitchen is designed for gathering, featuring all Bosch appliances (2024) including a 5-burner cooktop, double ovens, and built-in microwave, along with abundant cabinetry, large island, and bar seating. A flexible dining space can easily serve as a private office, while a downstairs bedroom and full bath offer the perfect setup for guests.

The main living area is spacious yet inviting, centered around a cozy fireplace. Step outside through two access points leading to two covered patios, creating multiple spaces to relax and unwind. Enjoy peaceful greenbelt views framed by mature magnolia trees and a wrought iron fence that keeps your view open.

Upstairs, an oversized loft offers flexibility for a game room, media space, or additional living area. The primary suite is a true retreat, complete with a private balcony overlooking the greenbelt, an oversized walk-in closet, dual vanities, and a soaking tub.

Additional highlights include WICs in most bedrooms, laundry room with utility sink and storage, and 2.5-car garage. Upgrades include a Kinetico whole-home filtration system, solar screens, new exterior paint (2022), new fence (2026), driveway pavers (2026) and full gutters with leaf guards.

Enjoy a short 5-minute stroll to neighborhood amenities, including trails, catch-and-release fishing, pickleball, parks, and a resort-style pool. Conveniently located near grocery stores, medical care, Old Settlers Park, Dell Diamond, Kalahari, and The Domain, with easy access to I-35 and Toll roads 45 and 130.

At $156/sqft, this home is 27% 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

2934 Magellan Way, Round Rock, TX 78665

Property Details

Price $475,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,049 sqft
Lot Size 0.18 acres (7,701.41 sqft)
Year Built 2010
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paloma Lake
County Williamson
Zip Code 78665
$/sqft $156/sqft
Days on Market ,
HOA $182/Quarterly
Annual Tax Est. $9,503.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228310358
List Date May 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.

Schedule a Call →

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 1, 2026 $525,000
Previous ask $500,000
Current ask $475,000
Reduced $50,000 (-9.5%) 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
8333 Angelo Loop
Siena
$475,000 $130 4 bd / 4 ba 3,655 sqft , 2026-04-30
2913 Clinton Pl
Estates At Settlers Park Sec 2
$474,900 $189 4 bd / 3 ba 2,510 sqft , 2026-06-15
1531 N Red Bud Ln #26
Chester Ranch Place
$487,648 $238 3 bd / 3 ba 2,053 sqft , 2026-07-03
6901 Leonardo Dr
Siena Ph 1 Sec 1
$490,000 $178 4 bd / 3 ba 2,751 sqft , 2026-05-22
1531 N Red Bud Ln #20
Chester Ranch Place
$494,244 $241 3 bd / 3 ba 2,053 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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 8, 2026.

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