Active Listing  ·  44 days on market

4306 Frankfurt Ln

Round Rock, TX 78665
$550,000
4 Bed 4 Bath 3,160 sqft $174/sqft Built 2023 0.16 acres 2-Car Garage Pool University Heights

Over $100,000 in upgrades. This stunning two-story home offers immaculate curb appeal with a manicured lawn and a welcoming stone pathway leading to a grand entrance framed by a graceful staircase. The exterior blends classic stone and warm wood accents, while inside, floor plan offers 4 bedrooms, 3.5 baths with a bright office space welcomes you off the entry. Upstairs, you’ll find a spacious media room perfect for movie nights, along with a game room for family entertainment. Outside, the large yard features a covered patio, ideal for relaxing, and a flourishing garden space. This home is the perfect balance of elegance, functionality, and comfort. Parmer floor plan

At $174/sqft, this home is 19% 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

4306 Frankfurt Ln, Round Rock, TX 78665

Property Details

Price $550,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,160 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Heights
County Williamson
Zip Code 78665
$/sqft $174/sqft
Days on Market ,
HOA $135/Quarterly
Annual Tax Est. $10,236.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239462432
List Date July 10, 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.

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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 · July 10, 2026 $575,000
Current ask $550,000
Reduced $25,000 (-4.3%) 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
4721 Pleasant Place Pl
University Heights
$539,990 $187 5 bd / 4 ba 2,889 sqft , 2026-07-30
4717 College Square Dr
University Heights
$533,990 $186 5 bd / 4 ba 2,876 sqft , 2026-05-29
4733 Pleasant Pl
University Heights
$532,990 $185 5 bd / 4 ba 2,876 sqft , 2025-08-15
4722 Regents Pl
University Heights
$573,990 $214 4 bd / 4 ba 2,685 sqft , 2026-07-20
4337 Chapel Hill St
University Heights
$575,000 $249 4 bd / 3 ba 2,312 sqft , 2026-03-10

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
$2,640/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
$110,000
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (~2.1% TX avg)−$963
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,554

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 22, 2026.

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