About This Home

The Davenport is a great forever home. That's because it lives like a single-story, with a spa-like primary suite, office and guest suite on the first floor. Everything else you need is handy, too. An inviting great room opens to covered outdoor living. Fire up the barbecue! The kitchen is designed for real life, including an island and walk-in pantry. And the laundry room is around the corner. Upstairs, you'll find a game room, two bedrooms and a shared bathroom – the perfect kid zone.

At $184/sqft, this home is 17% below the Liberty Hill active market average of $222/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

317 McMillian Drive None, Liberty Hill, TX 78642

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Property Details

Price $569,791

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 3,092 sqft

Lot Size 0.20 acres (8,624.88 sqft)

Year Built 2025

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Lariat

County Williamson

Zip Code 78642

$/sqft $184/sqft

Days on Market ,

HOA $840/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT240667849

List Date July 21, 2026

Elementary School LouineNoble

Middle School Liberty Hill (Liberty Hill)

High School Liberty Hill

School District Liberty Hill ISD

School District

Liberty Hill ISD

LouineNoble · Liberty Hill (Liberty Hill) · Liberty Hill

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Liberty Hill 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 · July 21, 2026 $574,791

Current ask $569,791

▼ Reduced $5,000 (-0.9%) 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 Liberty Hill

Comparable Listings Right Now

Homes currently for sale in Liberty Hill 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

305 Gary Wayne Dr
Lariat $569,990 $175 5 bd / 4 ba 3,251 sqft , 2026-10-02

217 Luttrell Ln
Lariat $573,990 $198 4 bd / 4 ba 2,901 sqft , 2026-02-27

106 Bauer Loop
Lariat $574,900 $232 4 bd / 3 ba 2,476 sqft , 2026-11-02

114 Bauer Loop
Lariat $574,900 $216 4 bd / 4 ba 2,662 sqft , 2026-11-04

118 Bauer Loop
Lariat $574,900 $239 4 bd / 3 ba 2,410 sqft , 2026-11-09

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

$2,735/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

$113,958

20% conventional investment loan

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

Estimated Gross Rent+$2,735

Principal + Interest−$3,110

Property Tax (assumed ~2.1%)−$997

Insurance (assumed ~0.5%)−$237

Est. Monthly Cash Flow $-1,609

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 Liberty Hill, TX

Liberty Hill sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 41 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. The written content was last updated on October 4, 2026.

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

317 McMillian Drive None

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Liberty Hill, TX

More Luxury Homes in Liberty Hill

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