Active Listing  ·  57 days on market

4906 Deerwood Loop

Killeen, TX 76542
$669,995
4 Bed 4 Bath 3,149 sqft $213/sqft Built 2015 0.57 acres 3-Car Garage Pool Deerwood Estates

3.375% Assumable VA Interest Rate, plus the sellers are offering a $15,000 concession for a temporary 2-1 or permanent interest rate buy-down on this stunning Custom Executive Home in Deerwood Estates. This property represents an exceptional opportunity to live in one of Killeen's premier and highly sought-after subdivisions. Built in 2015, this meticulously maintained home offers roughly 3,149 square feet of luxurious living space designed for both comfort and entertainment. Featuring an open-concept floor plan, the gourmet interior boasts a dramatic, uniquely designed living room highlighted by cozy tray and track lighting, perfect for gatherings. The chef’s kitchen is accented by an elegant backsplash and matching stone features with a highly functional layout. Dual dining spaces provide flexible flow for intimate dinners or large-scale entertaining. This home's exterior charm is accented by a mix of brick and stone/stucco veneer, offering excellent curb appeal in a tranquil, prestigious neighborhood. Situated on a generous 0.57-acre corner lot, the property allows for ample space, privacy, and activities. Outdoor living is perfectly designed for unwinding and quality time, featuring a relaxing covered patio with roll-down shades, a built-in fireplace, a television, and a built-in basketball section. Conveniently located with close access to top local schools—including Timber Ridge Elementary School, Union Grove Middle School, and C.E. Ellison High School—this home is minutes from shopping, dining, and offers easy access to major roads for a smooth commute to Fort Hood and the Killeen Airport. Contact your favorite real estate agent today for a private viewing and make the offer that will make this great house your new home.

At $213/sqft, this home is priced 25% above the Killeen active market average of $170/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4906 Deerwood Loop, Killeen, TX 76542

Property Details

Price $669,995
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,149 sqft
Lot Size 0.57 acres (24,829.2 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Deerwood Estates
County Bell
Zip Code 76542
$/sqft $213/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,260.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244821581
List Date August 26, 2026
Elementary School Timber Ridge
Middle School Union Grove
High School Ellison
School District ,

Luke Allen (TREC #788149) has deep knowledge of Killeen 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 · August 26, 2026 $695,000
Previous ask $685,000
Current ask $669,995
▼ Reduced $25,005 (-3.6%) 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 Killeen

Comparable Listings Right Now

Homes currently for sale in Killeen 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
5207 Driftwood Ct
Deerwood Estates
$650,000 $220 5 bd / 3 ba 2,957 sqft , 2026-04-17

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
$3,216/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
$133,999
20% conventional investment loan

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

Estimated Gross Rent+$3,216
Principal + Interest−$3,656
Property Tax (~2.1% TX avg)−$1,172
Insurance (~0.5%)−$279
Est. Monthly Cash Flow $-1,891

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 Killeen, TX

Killeen sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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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 October 21, 2026.

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