Active Listing  ·  136 days on market

508 Palatino Bnd

Liberty Hill, TX 78642
$427,990
4 Bed 2 Bath 1,828 sqft $234/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Santa Rita Ranch

Experience the pinnacle of modern luxury in this pristine, highly upgraded single-story residence showcasing the popular Lanport floorplan. Perfectly situated on a premium 6,075 square-foot south facing lot with no rear neighbors. Families will love the unbeatable location within the award-winning Santa Rita Ranch community, and top-rated Liberty Hill ISD schools. Boasting over $28,000 in upgrades, the open-concept layout centers around a show-stopping gourmet kitchen equipped with elegant Kent Moore cabinets, durable quartz countertops, a massive 6-foot central island, a built-in trash pull-out, and a chef-inspired appliance package featuring a 36" cooktop with a built-in microwave and oven. The oversized primary suite serves as a peaceful retreat, complete with a spa-like bath featuring a deluxe walk-in shower and a luxury raincan shower head. Three additional versatile bedrooms provide ample space for family, guests, or a home office. Step outside to your private oasis and entertain on the expansive 14' by 8' covered back patio. Residents also enjoy world-class resort amenities, including multi-million-dollar pools, thrilling waterslides, and scenic fitness trails. This move-in-ready masterpiece won't last long—schedule your private tour today!

At $234/sqft, this home is priced 5% above the Liberty Hill active market average of $222/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

508 Palatino Bnd, Liberty Hill, TX 78642

Property Details

Price $427,990
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,828 sqft
Lot Size 0.14 acres (6,054.84 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Santa Rita Ranch
County Williamson
Zip Code 78642
$/sqft $234/sqft
Days on Market ,
HOA $116/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT238006976
List Date June 29, 2026
Elementary School Tierra Rosa
Middle School Santa Rita Middle
High School Liberty Hill
School District Liberty Hill ISD

Liberty Hill ISD

Tierra Rosa · Santa Rita Middle · Liberty Hill

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 · June 29, 2026 $493,990
Previous ask $457,990
Current ask $427,990
▼ Reduced $66,000 (-13.4%) 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
313 Pendent Dr
Santa Rita Ranch North
$424,900 $189 3 bd / 3 ba 2,250 sqft , 2026-07-18
500 Inspiration Dr
Santa Rita Ranch Ph 1 Sec 2A
$419,998 $183 4 bd / 3 ba 2,290 sqft , 2026-05-30
128 Rosebush Dr
Santa Rita Ranch North: 40ft. lots
$419,750 $176 3 bd / 3 ba 2,380 sqft , 2026-07-01
325 Amista Dr
Santa Rita Ranch
$439,990 $241 4 bd / 2 ba 1,825 sqft , 2026-06-30
520 Palatino Bnd
Santa Rita Ranch
$414,990 $230 4 bd / 2 ba 1,805 sqft , 2026-01-28

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
$2,054/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
$85,598
20% conventional investment loan

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

Estimated Gross Rent+$2,054
Principal + Interest−$2,336
Property Tax (assumed ~2.1%)−$749
Insurance (assumed ~0.5%)−$178
Est. Monthly Cash Flow $-1,209

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 · 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 4, 2026.

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

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