Active Listing  ·  95 days on market

3220 Drago Dr

Round Rock, TX 78665
$375,000
2 Bed 2 Bath 1,924 sqft $195/sqft Built 2023 0.14 acres 2-Car Garage Pool Vizcaya Ph 5E

Located in the highly sought-after Heritage at Vizcaya, Round Rock’s premier 55+ resort-style community, this beautifully maintained home offers the perfect blend of comfort, convenience, and active living. Residents enjoy scenic walking trails, a state-of-the-art fitness center, bocce ball and pickleball courts, a heated resort-style pool, and a vibrant calendar of social events designed to foster connection and community.

Ideally situated with quick access to TX-130 and I-35, the home is just minutes from downtown Georgetown and Round Rock, with H-E-B, dining, shopping, and several major hospitals all within approximately 8 minutes—providing everyday convenience and peace of mind.

Step outside to a private patio perfect for relaxing or entertaining, while the durable epoxy-coated garage floors add both style and functionality. More than just a home, this is an exceptional opportunity to enjoy the lifestyle you’ve been waiting for.

At $195/sqft, this home is 9% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3220 Drago Dr, Round Rock, TX 78665

Property Details

Price $375,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,924 sqft
Lot Size 0.14 acres (5,998.21 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vizcaya Ph 5E
County Williamson
Zip Code 78665
$/sqft $195/sqft
Days on Market ,
HOA $180/Monthly
Annual Tax Est. $7,913.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230504031
List Date May 20, 2026
Elementary School Williams
Middle School Wagner
High School East View
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
3301 Donatello Cv
Vizcaya Ph 3A Sub
$380,000 $232 2 bd / 2 ba 1,641 sqft , 2026-06-04
1500 Carriageway Dr
Overlook Ranch
$386,946 $227 3 bd / 2 ba 1,702 sqft , 2026-08-05
2561 Donna Olene Dr
Overlook Ranch
$388,751 $198 3 bd / 3 ba 1,959 sqft , 2026-06-29
306 Grand Junction Trl
La Conterra
$399,000 $169 3 bd / 3 ba 2,366 sqft , 2026-07-20
312 Frederick Dr
Fairhaven
$349,500 $184 3 bd / 3 ba 1,901 sqft , 2026-05-11

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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 July 8, 2026.

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