Active Listing  ·  143 days on market

3928 Cole Valley Ln

Round Rock, TX 78681
$654,900
3 Bed 4 Bath 3,002 sqft $218/sqft Built 2015 0.21 acres 3-Car Garage Pool Highlands at Mayfield Ranch

**** LENDER PAID CLOSING COSTS! **** Beautifully designed and situated on an oversized lot. Thoughtfully laid out with a highly desirable floor plan, the home features 3 spacious bedrooms conveniently located on the main level, while upstairs offers a large game room and full bath ideal for guests, a media room, second living area, or private retreat. This room could be closed off for a 4th bedroom. From the moment you step inside, you’ll appreciate the rich wood flooring, private home office, elegant formal dining room, and convenient powder bath. The open-concept kitchen and family room create the perfect space for both everyday living and entertaining. The chef-inspired kitchen boasts a large center island, abundant cabinetry, built-in stainless steel appliances, a 36-inch 5-burner gas cooktop, and gorgeous custom knotty alder cabinets. Privately tucked away at the back of the home, the extended primary suite offers a peaceful retreat complete with a spa-like en-suite bath featuring dual vanities, separate soaking tub and shower, and an oversized walk-in closet. The secondary bedrooms are generously sized, each with walk-in closets, and share a well-appointed bath with dual vanities. Step outside to your covered patio overlooking mature trees and a spacious backyard with plenty of room for a future pool perfect for relaxing evenings or entertaining family and friends. A 3-car garage provides ample storage and convenience. Ideally located within walking distance to the neighborhood amenity center, community pool, and trailhead to WILCO Park, this home combines comfort, functionality, and an unbeatable location. Sellers offering a carpet allowance. **Assumable VA loan for qualified VA-eligible buyers...a rare opportunity in today’s market**

At $218/sqft, this home is priced in line with the Round Rock market average of $213/sqft across 704 active listings. View Austin market report →

Location

3928 Cole Valley Ln, Round Rock, TX 78681

Property Details

Price $654,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,002 sqft
Lot Size 0.21 acres (9,260.86 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highlands at Mayfield Ranch
County Williamson
Zip Code 78681
$/sqft $218/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222819771
List Date March 25, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
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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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 · March 25, 2026 $690,000
Previous ask $672,500
Current ask $654,900
Reduced $35,100 (-5.1%) 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
751 Whitetail Dr
Highlands at Mayfield Ranch
$659,000 $188 4 bd / 4 ba 3,505 sqft , 2026-07-16
3821 Lombard St
Mayfield Ranch
$639,900 $221 4 bd / 4 ba 2,901 sqft , 2026-07-24
128 W Adelanta Pl
Sendero Spgs Sec 6
$630,000 $230 4 bd / 3 ba 2,744 sqft , 2026-04-16
4011 Honey Bear Loop
Vista Oaks Rev 1A
$625,000 $236 4 bd / 3 ba 2,644 sqft , 2026-06-22
4109 Massey Way
Mayfield Ranch Sec 07
$600,000 $220 4 bd / 3 ba 2,726 sqft , 2026-07-24

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
$3,144/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
$130,980
20% conventional investment loan

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

Estimated Gross Rent+$3,144
Principal + Interest−$3,574
Property Tax (~2.1% TX avg)−$1,146
Insurance (~0.5%)−$273
Est. Monthly Cash Flow $-1,849

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 14, 2026.

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