Active Listing  ·  116 days on market

500 Inspiration Dr

Liberty Hill, TX 78642
$428,900
4 Bed 3 Bath 2,290 sqft $187/sqft Built 2018 0.17 acres 2-Car Garage Pool Santa Rita Ranch Ph 1 Sec 2A

LOOKING FOR A HOME WITH A MOTHER IN-LAW SUITE WITH ITS OWN FULL BATHROOM? WELL YOU JUST FOUND IT. This home will make you say WOW the moment you walk in and instantly fall in love with the oversized foyer with high ceilings . This beautiful and spacious 4-bedroom, 3-full-bath home featuring a highly desirable floor plan with an in-law suite complete with its own private full bathroom. This well-maintained home offers a formal dining room, dedicated office, and convenient mud room for added functionality. The kitchen opens seamlessly to the living area, creating the perfect space for entertaining and everyday living, while the eat-in kitchen provides additional dining options.

Recent updates include brand-new flooring throughout all bedrooms and the office, and a freshly painted interior that gives the home a clean, modern feel. Additional features include a full sprinkler system to help maintain the yard with ease. Residents enjoy access to Santa Rita Ranch’s resort-style pools, fitness center, trails, parks, fishing lakes, pickleball courts, and year-round community events.

At $187/sqft, this home is 15% below the Liberty Hill active market average of $221/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

500 Inspiration Dr, Liberty Hill, TX 78642

Property Details

Price $428,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,290 sqft
Lot Size 0.17 acres (7,339.86 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch Ph 1 Sec 2A
County Williamson
Zip Code 78642
$/sqft $187/sqft
Days on Market ,
HOA $116/Monthly
Annual Tax Est. $10,348.55
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232055725
List Date May 30, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District ,

Luke Allen (TREC #788149) has deep knowledge of Liberty Hill 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 · May 30, 2026 $475,000
Previous ask $428,998
Current ask $428,900
Reduced $46,100 (-9.7%) 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 Liberty Hill

Comparable Listings Right Now

Homes currently for sale in Liberty Hill 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
309 Gaida Loop
MORNINGSTAR
$424,999 $149 5 bd / 3 ba 2,851 sqft , 2026-06-04
232 Groveland Dr
Santa Rita Ranch at Saddleback
$424,900 $168 5 bd / 3 ba 2,536 sqft , 2026-07-27
821 FAITH Dr
Santa Rita Ranch Ph 1 Sec 9
$433,000 $193 3 bd / 2 ba 2,248 sqft , 2026-05-15
128 Rosebush Dr
Santa Rita Ranch North: 40ft. lots
$424,750 $178 3 bd / 3 ba 2,380 sqft , 2026-07-01
242 Freeman Loop Freeman Loop None
Santa Rita Ranch
$435,000 $178 3 bd / 3 ba 2,442 sqft , 2025-11-09

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
$2,059/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
$85,780
20% conventional investment loan

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

Estimated Gross Rent+$2,059
Principal + Interest−$2,341
Property Tax (~2.1% TX avg)−$751
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,212

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 Liberty Hill, TX

Liberty Hill 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 September 19, 2026.

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