Active Listing  ·  34 days on market

3750 E Palm Valley Blvd #38

Round Rock, TX 78665
$638,000
4 Bed 5 Bath 3,475 sqft $184/sqft Built 2022 0.13 acres 2-Car Garage Pool New Construction Diamond Oaks Condos

4 years old Stunning two-story home in Round Rock ISD, in a

gated community with a pool. Backs to the greenbelt — green views right outside the

windows, plus a large covered patio and a large balcony. Four bedrooms and 4.5 baths,

with a private full bath for every bedroom, each featuring a tub/shower combination. The

home carries one elegant, consistent design throughout: light gray plank flooring across all

living areas, light gray tile in the kitchen and baths, speckled granite counters, dark-stained

cabinetry, recessed can lighting, and brushed nickel fixtures. The main floor holds the

primary suite, kitchen, office, and a dining area. The gourmet kitchen centers on a large

granite island with breakfast bar and pendant lighting, with dark-stained cabinetry

extending to the ceiling, under-cabinet lighting, walk-in pantry, and stainless appliances

including refrigerator, gas cooktop with vent hood, and built-in oven and microwave.

Washer and dryer convey. The primary suite overlooks the greenbelt and features dual

granite vanities with a seated makeup station, separate garden tub and walk-in shower, and

walk-in closet. Upstairs: three bedrooms, a spacious game room, and pre-wiring for sound.

Customized automatic blinds, ample storage, ceiling fans, and large sunny windows

throughout. Two-car garage. Easy access to I-35 and TX-130. Close to restaurants, Dell

Diamond, Old Settlers Park (sports fields, trails, pavilions, playgrounds), Kalahari Resorts,

Play for All Abilities Park, Walmart Supercenter, and HEB. Zoned to Round Rock ISD:

Redbud Elementary, PFC Robert P. Hernandez Middle, and Stony Point High.

At $184/sqft, this home is 12% below the Round Rock active market average of $208/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3750 E Palm Valley Blvd #38, Round Rock, TX 78665

Property Details

Price $638,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,475 sqft
Lot Size 0.13 acres (5,445 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Diamond Oaks Condos
County Williamson
Zip Code 78665
$/sqft $184/sqft
Days on Market ,
HOA $100/Monthly
Annual Tax Est. $10,738.74
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT245819735
List Date September 4, 2026
Elementary School Redbud
Middle School CPL Robert P Hernandez
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 · September 4, 2026 $698,000
Current ask $638,000
▼ Reduced $60,000 (-8.6%) 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
3040 Freeman Park Dr
Freeman Park Ph 3
$639,900 $242 4 bd / 3 ba 2,648 sqft , 2025-11-28
809 Lorraine Cv
Freeman Park Ph 4
$640,000 $245 3 bd / 3 ba 2,616 sqft , 2026-10-02
1564 Sawmill Xing
Old Settlers Park Ph 3
$649,000 $196 5 bd / 4 ba 3,309 sqft , 2026-10-01
3012 Freeman Park Dr
FOREST GROVE
$624,900 $203 3 bd / 3 ba 3,082 sqft , 2026-07-24
1611 Sawmill Xing
Old Settlers Park Ph 3
$575,000 $184 4 bd / 3 ba 3,122 sqft , 2026-08-27

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
$3,062/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
$127,600
20% conventional investment loan

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

Estimated Gross Rent+$3,062
Principal + Interest−$3,482
Property Tax (~2.1% TX avg)−$1,117
Insurance (~0.5%)−$266
Est. Monthly Cash Flow $-1,803

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

More Luxury Homes in Round Rock

Loading…
View All Luxury Homes →
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 20, 2026.

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