Active Listing  ·  3 days on market

321 WAGON SPOKE Way

Liberty Hill, TX 78642
$675,000
5 Bed 4 Bath 3,748 sqft $180/sqft Built 2020 0.22 acres 3-Car Garage Pool Orchard Ridge

Welcome to 321 Wagon Spoke in Liberty Hill’s Orchard Ridge community. With nearly 4,000 square feet, five bedrooms, and a backyard overlooking the greenbelt, this GFO Roosevelt floor plan offers generous gathering spaces and thoughtful details throughout.

A curved staircase and soaring ceilings make a memorable first impression. The open family room flows into a spacious chef inspired kitchen with expansive counters and island, and a walk-in pantry. A separate dining room offers space for holidays and special occasions, while a dedicated study and main-level guest suite add everyday flexibility.

The primary suite is a comfortable retreat with a freestanding soaking tub, an expansive mudset shower, and two walk-in closets with convenient access to the laundry room. Upstairs, three additional bedrooms, a game room/media room provide plenty of room for movie nights, hobbies, and relaxing.

Step outside to a spacious backyard with peaceful greenbelt views and room to enjoy morning coffee or dinner under the Texas sky.

Located Orchard Ridge a community rich with amenities including pool, fitness center, fishing pond, and scenic hike and bike trails. Directly off Highway 29 right between Highway 183 and Ronald Reagan right in the heart of all the new and upcoming commercial retail and dining such as Target, Costco, HEB, Chic-a-filet, P-Terrys, and so much more. This is the perfect opportunity for you!

At $180/sqft, this home is 19% 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

321 WAGON SPOKE Way, Liberty Hill, TX 78642

Property Details

Price $675,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,748 sqft
Lot Size 0.22 acres (9,700.81 sqft)
Year Built 2020
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Orchard Ridge
County Williamson
Zip Code 78642
$/sqft $180/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. $16,572.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247701462
List Date November 9, 2026
Elementary School Larkspur
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

Larkspur · Danielson · Glenn

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.

Schedule a Call →

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
109 Leon Loop
Santa Rita Ranch South Sec 4B
$649,900 $196 4 bd / 4 ba 3,316 sqft , 2026-06-15
101 Leon Loop
Santa Rita Ranch
$729,438 $192 5 bd / 5 ba 3,792 sqft , 2026-09-03
124 Redtail Ln
Larkspur/Caughfield Ph 1
$584,995 $162 5 bd / 3 ba 3,609 sqft , 2026-07-23
141 Janelle Ln
MIDDLE BROOK AT SANTA RITA RANCH
$535,000 $213 4 bd / 3 ba 2,509 sqft , 2026-06-11
132 Palo Duro Ct
Caughfield Ph 3B
$480,000 $156 5 bd / 4 ba 3,070 sqft , 2026-10-02

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
$3,240/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
$135,000
20% conventional investment loan

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

Estimated Gross Rent+$3,240
Principal + Interest−$3,684
Property Tax (assumed ~2.1%)−$1,181
Insurance (assumed ~0.5%)−$281
Est. Monthly Cash Flow $-1,906

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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