Active Listing  ·  185 days on market

3320 Magellan Ct

Round Rock, TX 78665
$750,000
4 Bed 3 Bath 3,495 sqft $215/sqft Built 2015 0.39 acres 3-Car Garage Pool Paloma Lake

Located in the highly sought after Paloma Lake master planned community in Round Rock, this Highland Homes residence offers nearly 3,500 square feet on an expansive .4 acre lot. Built in 2015, this 4 bedroom, 3 bathroom home features a flexible layout ideal for multigenerational living, remote work, and entertaining.

The main level includes a private primary suite, dedicated home office, and a secondary bedroom with full bath for guests. Soaring ceilings and abundant natural light enhance the open concept living, dining, and kitchen areas.

The kitchen features a large center island, double ovens, granite countertops, stainless steel appliances, and ample storage. Wood flooring installed in 2020 adds warmth throughout the main living areas.

Upstairs offers two additional bedrooms, a spacious bonus room, and a dedicated media room.

The backyard delivers resort style outdoor living with a custom pool installed in 2022, stone patio, pergola, and generous yard space. The oversized lot provides rare privacy within the neighborhood.

Energy efficient upgrades include solar panels installed in 2020, downstairs HVAC compressor replacement in 2023, and upstairs HVAC compressor replacement in 2025.

Enjoy Paloma Lake amenities including trails, parks, and community pools, with access to Round Rock ISD, SH 130, IH 35, and nearby shopping and dining.

At $215/sqft, this home is priced in line with the Round Rock market average of $214/sqft across 686 active listings. View Austin market report →

Location

3320 Magellan Ct, Round Rock, TX 78665

Property Details

Price $750,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,495 sqft
Lot Size 0.39 acres (17,014.54 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paloma Lake
County Williamson
Zip Code 78665
$/sqft $215/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219069604
List Date February 19, 2026
Elementary School Herrington
Middle School Hopewell
High School Stony Point
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.

Schedule a Call →

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 · February 19, 2026 $799,950
Previous ask $789,950
Current ask $750,000
Reduced $49,950 (-6.2%) 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 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
2712 Margarita Ct
Paloma Lake
$799,900 $205 4 bd / 3 ba 3,893 sqft , 2026-05-13
2928 San Milan Pass
Paloma Lake Sec 12
$699,000 $207 4 bd / 4 ba 3,380 sqft , 2026-06-01
2927 San Milan Pass
Paloma Lake Sec 12
$674,500 $208 4 bd / 3 ba 3,240 sqft , 2026-05-05
3343 Pablo Cir
Paloma Lake Sec 14
$649,900 $202 5 bd / 4 ba 3,225 sqft , 2026-07-25
3307 Columbus Way
Paloma Lake
$640,000 $176 4 bd / 4 ba 3,636 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
$3,600/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
$150,000
20% conventional investment loan

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

Estimated Gross Rent+$3,600
Principal + Interest−$4,093
Property Tax (~2.1% TX avg)−$1,313
Insurance (~0.5%)−$313
Est. Monthly Cash Flow $-2,119

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 August 9, 2026.

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