Active Listing  ·  22 days on market

2957 Mill Run Bnd

Round Rock, TX 78665
$535,000
5 Bed 3 Bath 2,958 sqft $181/sqft Built 2023 0.22 acres 2-Car Garage Pool Old Settlers Park Ph 4

Bright, spacious and skillfully designed, this 5-bedroom, 3-full bath home offers the perfect blend of style, comfort, and versatility to make it your own. At the heart of the home is a gourmet-inspired kitchen featuring crisp white cabinetry, beautiful quartz countertops, a spacious center island with generous seating. The kitchen flows effortlessly into the dining and living areas, creating a warm, open gathering space perfect for everything from quiet mornings at home to lively evenings with friends and family. Natural light pours into the expansive living spaces, while the main-level primary suite provides a relaxing retreat with large windows, dual vanities, and walk-in shower. Upstairs, a large game room provides an entirely separate space to relax and unwind, perfect for movie nights, a game room, play space, or second living area. With five generously-sized bedrooms, there’s flexibility to create a home office, fitness room, library, guest suite, or creative space. Step outside to a large backyard overlooking peaceful farmland views, where the covered patio creates an inviting spot for morning coffee, weekend gatherings, or simply unwinding at the end of the day while enjoying beautiful Texas evenings. Located in Homestead at Old Settlers Park in Round Rock, you'll have access to a community pool, splash pad, pavilion, playground, trails, and approximately 20 acres of parkland. Plus, the neighborhood is adjacent to Old Settlers Park, Kalahari Resort & Convention Center, Rock 'N River Water Park and located within Round Rock ISD. Come see what makes this home so special! Agent owned.

At $181/sqft, this home is 13% below the Round Rock active market average of $208/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2957 Mill Run Bnd, Round Rock, TX 78665

Property Details

Price $535,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,958 sqft
Lot Size 0.22 acres (9,583.2 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Old Settlers Park Ph 4
County Williamson
Zip Code 78665
$/sqft $181/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. $12,213.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246899485
List Date September 16, 2026
Elementary School Double File Trail
Middle School CPL Robert P Hernandez
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
2809 Moyer Ln
Homestead at Old Settlers Park
$499,900 $191 5 bd / 3 ba 2,612 sqft , 2026-04-07
1611 Sawmill Xing
Old Settlers Park Ph 3
$575,000 $184 4 bd / 3 ba 3,122 sqft , 2026-08-27
107 Pheasant Rdg
Chandler Creek Sec 19
$595,000 $152 5 bd / 4 ba 3,910 sqft , 2026-08-26
2944 Clinton Pl
Estates At Settlers Park Sec 2
$625,000 $172 4 bd / 4 ba 3,626 sqft , 2026-02-26
3750 E Palm Valley Blvd #35
Diamond Oaks Condos
$439,000 $228 4 bd / 2 ba 1,928 sqft , 2026-08-20

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
$2,568/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
$107,000
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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 October 3, 2026.

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