Active Listing  ·  59 days on market

3527 Alexandrite Way

Round Rock, TX 78681
$795,000
4 Bed 4 Bath 3,285 sqft $242/sqft Built 2009 0.19 acres 3-Car Garage Pool Walsh Ranch Sec 03

An exceptional blend of elegance, comfort, and outdoor living awaits in Round Rock's coveted Walsh Ranch community with top rated Round Rock schools! Nestled beneath mature shade trees and framed by beautiful landscaping, this distinguished two-story residence boasts storybook appeal with brick masonry, stone accents, soaring ceilings, rich hardwood floors, and abundant natural light create an atmosphere that feels both sophisticated and welcoming. The backyard steels the show with the sparkling in ground pool and spa. A grand foyer opens to a flexible formal living or dining space and a home office with French doors. At the heart of the home, the gourmet kitchen features granite countertops, built-in stainless appliances, a gas cooktop, island seating, and a breakfast area nestled in corner windows. The kitchen opens seamlessly to the living room, where a fireplace, soaring ceilings, and oversized windows frame peaceful backyard views. The main-floor primary suite offers a private retreat with vaulted ceilings, bay windows, and ensuite bath with dual vanities, tub, separate shower, and walk-in closet. Upstairs, a dedicated media room provides the perfect setting for movie nights, game days, or gathering with friends, alongside three secondary bedrooms with walk-in closets and a full guest bathroom. Outside, a remarkable backyard oasis elevates the entire property. A sparkling pool and spa with waterfall feature are surrounded by lush landscaping, mature trees, extensive decking, and multiple spaces for lounging, dining, and entertaining. The Trex deck expands your living space outdoors, while thoughtful xeriscaping and a generous lawn area add both beauty and function. Residents enjoy access to community trails, parks, playgrounds, picnic areas, and HOA pool complex. Just minutes from Brushy Creek Park, Williamson Co Park, major employers, shopping, dining, and commuter routes. A rare opportunity to enjoy refined living in one of Round Rock's premier communities.

At $242/sqft, this home is priced 13% above the Round Rock active market average of $214/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3527 Alexandrite Way, Round Rock, TX 78681

Property Details

Price $795,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,285 sqft
Lot Size 0.19 acres (8,102.16 sqft)
Year Built 2009
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Walsh Ranch Sec 03
County Williamson
Zip Code 78681
$/sqft $242/sqft
Days on Market ,
HOA $145/Quarterly
Annual Tax Est. $16,599
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235814159
List Date June 17, 2026
Elementary School Cactus Ranch
Middle School Walsh
High School Round Rock
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
1314 Cardinal Ln
Sauls Ranch East
$790,000 $275 5 bd / 5 ba 2,875 sqft , 2026-05-18
3433 Alexandrite Way
Walsh Ranch Sec 03
$800,000 $224 4 bd / 4 ba 3,574 sqft , 2026-06-16
8311 Lofty Ln
Stone Canyon Sec 08C
$785,000 $233 4 bd / 3 ba 3,365 sqft , 2026-06-12
2323 Cantata Cv
Sauls Ranch East
$765,000 $268 4 bd / 3 ba 2,857 sqft , 2026-08-04
1801 Sun Lake None
Tonkawa Village
$825,000 $251 4 bd / 4 ba 3,292 sqft , 2026-01-16

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
$3,816/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
$159,000
20% conventional investment loan

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

Estimated Gross Rent+$3,816
Principal + Interest−$4,339
Property Tax (~2.1% TX avg)−$1,391
Insurance (~0.5%)−$331
Est. Monthly Cash Flow $-2,245

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 27, 2026.

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