Active Listing  ·  24 days on market

4761 College Square Dr

Round Rock, TX 78665
$516,990
4 Bed 4 Bath 2,878 sqft $180/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction University Heights

Our popular Quinley Plan boasts almost $50,000 in upgrades and is a 2878SF 2-story plan with 4 bedrooms, 3.5 baths a home office, Media and Gameroom. The gorgeous family room ceiling is open to second floor. The home office and primary bedroom are on the first floor. The gourmet kitchen features built-in appliances, 36" gas cooktop and venthood, under-cabinet lighting, a large center island, designer backsplash, and is open to the family room and dining area. The master suite offers high ceilings, a window seat, expansive walk in shower, dual vanities, and a spacious walk-in closet. There's an extended covered patio for BBQ's.

At $180/sqft, this home is 16% 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

4761 College Square Dr, Round Rock, TX 78665

Property Details

Price $516,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,878 sqft
Lot Size 0.12 acres (5,183.64 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Heights
County Williamson
Zip Code 78665
$/sqft $180/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241765184
List Date July 30, 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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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
4738 Regents Pl
University Heights
$516,990 $211 4 bd / 3 ba 2,455 sqft , 2026-07-29
4725 Regents Pl
University Heights
$512,516 $155 5 bd / 4 ba 3,305 sqft , 2026-05-22
4757 College Square Dr
University Heights
$521,990 $182 5 bd / 4 ba 2,864 sqft , 2026-07-30
4439 College Square Dr
University Heights
$523,990 $219 3 bd / 3 ba 2,398 sqft , 2026-07-29
4501 College Square Dr
University Heights
$504,990 $223 4 bd / 3 ba 2,261 sqft , 2026-07-30

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
$2,482/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
$103,398
20% conventional investment loan

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

Estimated Gross Rent+$2,482
Principal + Interest−$2,821
Property Tax (~2.1% TX avg)−$905
Insurance (~0.5%)−$215
Est. Monthly Cash Flow $-1,459

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 July 31, 2026.

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