Active Listing  ·  104 days on market

4304 College Square Dr

Round Rock, TX 78665
$499,905
4 Bed 3 Bath 2,617 sqft $191/sqft Built 2026 0.16 acres 2-Car Garage Pool University Heights

New Construction | 2-Story | 2,617 Sq Ft | 4 Beds | 3 Baths | Flex Room | Available Fall 2026 |

Welcome home to The Madison, a beautifully designed two-story home offering 2,617 sq. ft., with 4 bedrooms, 3 bathrooms, a flex room, and a 2-car garage. This plan perfectly combines open-concept living, thoughtful functionality, and timeless style.

Enter through the two-story foyer and discover a front bedroom with walk-in closet and nearby full bath, ideal for guests or family. A convenient storage closet adds organization right where you need it.

At the heart of the home is the open-concept living area, featuring a large eye-shaped island overlooking the dining area and vaulted family room. The kitchen offers ample cabinet and counter space, a walk-in pantry. A hall tree near the garage entrance keeps daily essentials neatly tucked away.

The family room showcases soaring ceilings and large windows that flood the space with natural light, opening to the covered outdoor living area.

Located at the back of the home, the primary suite features tray ceilings, double doors, and large windows. The luxurious ensuite bath includes dual vanities separated by a free-standing soaking tub, a walk-in shower, linen storage, and a spacious walk-in closet, all connecting to the utility room for added convenience.

Upstairs, an open flex room offers space for play, media, or hobbies, accompanied by two secondary bedrooms and a Jack-and-Jill-style bathroom.

The Madison brings together elevated design, flexible functionality, and bright, open living spaces, making it the perfect place to call home.

At $191/sqft, this home is 11% 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

4304 College Square Dr, Round Rock, TX 78665

Property Details

Price $499,905
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,617 sqft
Lot Size 0.16 acres (6,756.16 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Heights
County Williamson
Zip Code 78665
$/sqft $191/sqft
Days on Market ,
HOA $135/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229643110
List Date May 11, 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.

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 · May 11, 2026 $509,905
Current ask $499,905
Reduced $10,000 (-2.0%) 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
4733 Regents Pl
University Heights
$502,651 $178 4 bd / 3 ba 2,827 sqft , 2026-05-22
4501 College Square Dr
University Heights
$504,990 $223 4 bd / 3 ba 2,261 sqft , 2026-07-30
4336 Contrail Ln
University Heights
$490,000 $214 4 bd / 3 ba 2,288 sqft , 2026-05-06
4513 College Square Dr
University Heights
$488,990 $222 4 bd / 3 ba 2,201 sqft , 2026-07-20
4725 Regents Pl
University Heights
$512,516 $155 5 bd / 4 ba 3,305 sqft , 2026-05-22

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
$2,400/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
$99,981
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,728
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,411

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 20, 2026.

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