Active Listing  ·  53 days on market

4506 Western Lake Dr

Round Rock, TX 78665
$549,000
4 Bed 3 Bath 2,697 sqft $204/sqft Built 2008 0.15 acres 2-Car Garage Pool Teravista Sec 21

Beautiful home in the highly desirable community of Teravista featuring an open floor plan with a versatile playroom/game room and a functional layout ideal for everyday living and entertaining.

The updated kitchen showcases quartz countertops installed in 2022, adding a modern touch to the heart of the home.

Step outside to your private backyard retreat with a pool overlooking a peaceful greenbelt and pond, offering privacy and beautiful scenic views.

Major updates include a new roof (2025), HVAC system (2021), water heater (2020), fence (2020), and updated light fixtures.

Residents of Teravista enjoy premier amenities including golf, community pools, fitness centers, walking trails, parks, and highly rated schools, all within the convenient Round Rock area.

At $204/sqft, this home is 5% 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

4506 Western Lake Dr, Round Rock, TX 78665

Property Details

Price $549,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,697 sqft
Lot Size 0.15 acres (6,560.14 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Teravista Sec 21
County Williamson
Zip Code 78665
$/sqft $204/sqft
Days on Market ,
HOA $90/Monthly
Annual Tax Est. $9,225.16
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237984377
List Date July 1, 2026
Elementary School Teravista
Middle School Hopewell
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 · July 1, 2026 $575,000
Previous ask $550,000
Current ask $549,000
Reduced $26,000 (-4.5%) 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
1937 Kempwood Loop
Teravista Sec 23
$549,900 $178 5 bd / 4 ba 3,082 sqft , 2026-06-08
2301 Palazzo Ct
Vizcaya Ph 4C
$549,900 $190 4 bd / 3 ba 2,890 sqft , 2026-07-10
1991 Canyon Sage Path
Teravista Sec 21
$550,000 $174 4 bd / 4 ba 3,162 sqft , 2026-06-13
6117 LAKE TERAVISTA Way
TERAVISTA
$539,900 $223 4 bd / 3 ba 2,420 sqft , 2026-06-12
1915 Kempwood Loop
Teravista
$535,000 $203 3 bd / 2 ba 2,630 sqft , 2026-04-10

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
$2,635/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
$109,800
20% conventional investment loan

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

Estimated Gross Rent+$2,635
Principal + Interest−$2,996
Property Tax (~2.1% TX avg)−$961
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,551

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 →