Active Listing  ·  136 days on market

317 West Faulkner St

Liberty Hill, TX 78642
$398,785
4 Bed 3 Bath 2,249 sqft $177/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Lariat

READY NOW | New Construction | 2 Story | 2,249 Sq Ft | 4 Bed | 3 Bath | Game Room | The Warner is a thoughtfully designed two-story home offering 2,249 square feet of versatile living space with 4 bedrooms, 3 baths, a game room, and 2-car garage. The open-concept layout creates a seamless flow between the kitchen, dining area, and family room. The first-floor primary suite is a private retreat featuring tray ceilings, French doors, and a spacious ensuite bath with dual vanities separated by a window seat, a walk-in shower, and two walk-in closets. One of the closets provides direct access to the utility room, adding everyday convenience.

A private study is located at the front of the home, while a powder bath is conveniently positioned near the garage entry. Upstairs, a spacious game room offers flexible space for entertainment, hobbies, or family gatherings.

At $177/sqft, this home is 20% 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 West Faulkner St, Liberty Hill, TX 78642

Property Details

Price $398,785
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,249 sqft
Lot Size 0.14 acres (6,229.08 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lariat
County Williamson
Zip Code 78642
$/sqft $177/sqft
Days on Market ,
HOA $210/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT237988953
List Date June 29, 2026
Elementary School Liberty Hill
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

Liberty Hill · Liberty Hill (Liberty Hill) · Liberty Hill

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 · June 29, 2026 $444,035
Previous ask $409,985
Current ask $398,785
▼ Reduced $45,250 (-10.2%) 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
421 Carr Dr
Lariat
$398,290 $183 4 bd / 3 ba 2,180 sqft , 2026-09-17
510 Outrider Ct
Lariat
$399,900 $192 4 bd / 3 ba 2,079 sqft , 2026-06-24
101 Gary Wayne Dr
Lariat Sec 9
$405,000 $137 4 bd / 3 ba 2,954 sqft , 2026-07-10
208 Table Top Bnd
Lariat Sec 7
$390,000 $194 3 bd / 3 ba 2,010 sqft , 2026-09-16
321 Lariat Loop
Lariat Sec 7
$389,999 $137 4 bd / 3 ba 2,857 sqft , 2026-05-28

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
$1,914/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
$79,757
20% conventional investment loan

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

Estimated Gross Rent+$1,914
Principal + Interest−$2,176
Property Tax (assumed ~2.1%)−$698
Insurance (assumed ~0.5%)−$166
Est. Monthly Cash Flow $-1,126

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

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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 · 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 November 11, 2026.

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

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