Active Listing  ·  102 days on market

505 Faith Dr

Liberty Hill, TX 78642
$339,900
2 Bed 2 Bath 1,709 sqft $199/sqft Built 2020 0.16 acres 2-Car Garage Pool Santa Rita Ranch Ph 1 Sec 8

Stake your claim in Texas. This home is nestled in the gated section of Santa Rita Ranch. The fabulous high ceilings compliment the open floor plan. Entertain while cooking in the modern gourmet kitchen that boasts stainless appliances, gas cooking, enviable pantry and a wine frig. Make the flex room your own as a home office, library, media room or whatever you choose. No carpet in this home...wood floors! The primary bedroom is at the rear of the home and is truly a serene retreat. The full bath features a walk in shower with seat and grab bars. The huge closet has room for all of your things. The secondary bedroom is a good size and very peaceful. Retractable remote control sun screen on your back porch. The high end finishes throughout show off the style and open concept of this Scott Felder built amazing home. Community amenities include, but are not limited to two 18' water slides, Jr. Olympic leisure and tap pool, splash park pool, firepit with lounge area, state of the art play & fitness equipment, basketball courts, 5 mils of trail, lake, pond, headwaters preserve, farm house park plus teh Wellness Barn that has cario machines, weight stations, fitness classes & a motion/fitness room. Did you notice this home sits conveniently by it's own park area...gazebo, picnic table, sitting area? Since your HOA dues cover all landscaping, planting, sprinkler care, etc. this is a true lock & leave community!

Don't miss out on this opportunity!

At $199/sqft, this home is 10% below the Liberty Hill active market average of $222/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

505 Faith Dr, Liberty Hill, TX 78642

Property Details

Price $339,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,709 sqft
Lot Size 0.16 acres (6,891.19 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch Ph 1 Sec 8
County Williamson
Zip Code 78642
$/sqft $199/sqft
Days on Market ,
HOA $314/Monthly
Annual Tax Est. $9,084.5
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241871704
List Date August 2, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District Georgetown ISD

Georgetown ISD

Wolf Ranch Elementary · James Tippit · East View

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.

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 · August 2, 2026 $356,000
Previous ask $349,900
Current ask $339,900
▼ Reduced $16,100 (-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 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
201 Flora Springs Cv
Santa Rita Ranch
$359,120 $210 3 bd / 3 ba 1,710 sqft , 2026-04-13
215 Flora Springs Cv
Santa Rita Ranch
$363,900 $213 3 bd / 3 ba 1,710 sqft , 2026-04-10
305 Hodge Ln
Santa Rita Ranch at Saddleback
$308,310 $203 3 bd / 2 ba 1,517 sqft , 2026-10-13
227 Flora Springs Cv
Santa Rita Ranch
$372,144 $218 3 bd / 3 ba 1,710 sqft , 2026-09-08
225 Flora Springs Cv
Santa Rita Ranch
$383,439 $211 3 bd / 3 ba 1,818 sqft , 2026-09-02

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
$1,632/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
$67,980
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (assumed ~2.1%)−$595
Insurance (assumed ~0.5%)−$142
Est. Monthly Cash Flow $-960

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

More Luxury Homes in Liberty Hill

Loading…
View All Luxury Homes →
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 · 41 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. The written content was last updated on November 3, 2026.

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

Save this home