Active Listing  ·  198 days on market

321 Freedom Park Ave

Liberty Hill, TX 78642
$299,999
3 Bed 2 Bath 1,566 sqft $192/sqft Built 2020 0.17 acres 2-Car Garage Pool I212317D - LIBERTY PARKE

Located in the Liberty Parke community in Liberty Hill, this 3-bedroom, 2-bath home offers 1,566 square feet of living space.

The layout centers around the kitchen, creating a natural separation between the main living areas. The living room sits just off the kitchen and overlooks the backyard, bringing in natural light and providing a comfortable space to relax or gather with family and friends. On the opposite side of the kitchen, the dining area is positioned toward the front of the home and features a window that looks out to the front yard, making it a bright spot for meals or morning coffee. The kitchen includes stainless steel appliances and plenty of cabinet storage, keeping everything within easy reach.

The primary bedroom offers a private space with a walk-in closet and ensuite bath, while two additional bedrooms provide flexibility for guests, family members, or a home office.

Step outside to a fenced backyard designed for enjoying the outdoors, complete with a pergola that provides shade for outdoor seating or entertaining. A separate storage building adds convenient space for lawn equipment, tools, or extra storage.

Residents of Liberty Parke enjoy access to community amenities including a neighborhood pool, dog park, park areas, and walking trails, creating plenty of opportunities to enjoy the outdoors close to home. The property is located in Liberty Hill ISD with convenient access to Highway 29 and 183, making it easy to reach Georgetown, Leander, Cedar Park, and North Austin while still enjoying the growing charm of Liberty Hill.

At $192/sqft, this home is 13% below the Liberty Hill active market average of $221/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

321 Freedom Park Ave, Liberty Hill, TX 78642

Property Details

Price $299,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,566 sqft
Lot Size 0.17 acres (7,230.96 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision I212317D - LIBERTY PARKE
County Williamson
Zip Code 78642
$/sqft $192/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. $7,073.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221904350
List Date March 9, 2026
Elementary School LouineNoble
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
School District ,

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 · March 9, 2026 $329,000
Previous ask $322,000
Current ask $299,999
Reduced $29,001 (-8.8%) 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
148 Presidential Path
Liberty Parke Sub Ph Ii
$299,900 $209 3 bd / 2 ba 1,434 sqft , 2026-03-13
313 Drystone Trl
Stonewall Ranch Sec 02
$299,000 $214 3 bd / 2 ba 1,397 sqft , 2026-07-30
206 Star Spangled Dr
Liberty Parke
$298,000 $162 4 bd / 2 ba 1,835 sqft , 2026-06-29
624 Independence Ave
Liberty Parke Sub Ph Ii
$290,000 $171 4 bd / 2 ba 1,695 sqft , 2026-07-16
100 Quarry Ln
Stonewall Ranch Sec 02
$290,000 $193 3 bd / 2 ba 1,504 sqft , 2026-09-10

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 · 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 September 1, 2026.

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