Active Listing  ·  65 days on market

2941 Magellan Way

Round Rock, TX 78665
$599,000
5 Bed 4 Bath 3,524 sqft $170/sqft Built 2010 0.19 acres 3-Car Garage Pool Paloma Lake Sec 17a

New Class 4 Impact-Resistant Roof + Solar Attic Fans + New Gutters with screens installed July 2026 ($45k). Turnkey 5-bedroom, 4-bathroom, 3,524 sq ft home featuring a highly functional 1.5-story layout. The main level holds 4 Bedrooms - Primary suite + 3 additional bedrooms + Private office with built-in cabinetry. Upstairs includes a large game room loft, a private 5th bedroom, and a full bathroom—ideal for a guest suite or multi-generational living. All new ceiling fans in every room plus updated lighting throughout.

Notice the soaring ceilings, a spacious family room, and a chef’s kitchen with a massive center island, granite countertops, breakfast bar, and the stainless-steel KitchenAid appliances.

The home includes two (2) tankless water heaters, a whole-house water softener, and a reverse osmosis filtration system at the kitchen sink. Fully integrated smart-home ecosystem features security cameras, smart thermostats, smart garage openers, and a smart irrigation system. The rare 3-car garage provides exceptional parking and storage space. Don't forget the in-ground basketball hoop with hours of built-in entertainment. The private backyard features mature fruit trees and raised garden beds with automated drip irrigation.

Situated within walking distance to neighborhood parks and 4.5 miles of connected community trails. 2-minute walk to the main Paloma Lake lakeside amenity complex, which features resort-style pools, a splash pad, catch-and-release fishing, and courts for pickleball, basketball, and sand volleyball.

Zoned to top-rated Round Rock ISD schools (Herrington Elementary, Hopewell Middle, Stony Point High). Located minutes from major medical facilities, 3 H-E-B locations, Kalahari Resort, with immediate access to Toll 130 and 45 for a fast Austin commute. Ready for a quick summer closing.

At $170/sqft, this home is 21% 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

2941 Magellan Way, Round Rock, TX 78665

Property Details

Price $599,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,524 sqft
Lot Size 0.19 acres (8,276.4 sqft)
Year Built 2010
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paloma Lake Sec 17a
County Williamson
Zip Code 78665
$/sqft $170/sqft
Days on Market ,
HOA $183/Quarterly
Annual Tax Est. $10,695
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232415563
List Date June 19, 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 →

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
3236 Hidalgo Loop
Paloma Lake
$599,000 $212 4 bd / 4 ba 2,826 sqft , 2026-07-24
7903 Mozart St
Crescent Bluff Sec 1
$610,000 $175 4 bd / 3 ba 3,486 sqft , 2026-04-20
8109 Porto Cv
Siena
$610,950 $156 5 bd / 4 ba 3,920 sqft , 2026-06-25
2834 Diego Ct
Paloma Lake Sec 4B
$585,000 $194 4 bd / 3 ba 3,018 sqft , 2026-07-11
2944 Clinton Pl
Estates At Settlers Park Sec 2
$632,000 $174 4 bd / 4 ba 3,626 sqft , 2026-02-26

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
$2,875/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
$119,800
20% conventional investment loan

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

Estimated Gross Rent+$2,875
Principal + Interest−$3,269
Property Tax (~2.1% TX avg)−$1,048
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,692

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

More Luxury Homes in Round Rock

Loading…
View All Luxury Homes →
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 19, 2026.

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