Active Listing  ·  23 days on market

516 Centerbrook Pl

Round Rock, TX 78665
$479,000
4 Bed 3 Bath 2,853 sqft $168/sqft Built 2005 0.22 acres 2-Car Garage Pool Teravista

The Teravista subdivision of Round Rock is home to this two-story, 2,853-square-foot residence featuring four bedrooms, including a primary bedroom on the main level, and two and a half bathrooms. The home offers a serene family/game room and a covered patio designed for quiet relaxation.

An inviting kitchen serves as a central hub, appointed with a center kitchen island and Corian countertops. Premium convenience is ensured with the inclusion of a refrigerator, washer, and dryer.

Set upon a 0.16-acre lot, the property provides access to the shared amenities of Teravista, including a golf course, club house, three swimming pools, miles of walking trails, volleyball, a tennis court, a playground, and a catch and release pond.

This address offers proximity to local restaurants, shopping, an outlet mall, hospitals, universities, and schools, with straightforward travel facilitated by easy access to the IH 35, 45, and 130 tollways.

Listing Agent is related to the seller (brother-in-law).

At $168/sqft, this home is 19% below the Round Rock active market average of $208/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

516 Centerbrook Pl, Round Rock, TX 78665

Property Details

Price $479,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,853 sqft
Lot Size 0.22 acres (9,583.2 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Teravista
County Williamson
Zip Code 78665
$/sqft $168/sqft
Days on Market ,
HOA $92/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246893062
List Date September 15, 2026
Elementary School Teravista
Middle School Hopewell
High School Stony Point
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
808 Bent Wood Pl
Teravista Sec 08
$485,000 $164 4 bd / 3 ba 2,957 sqft , 2026-05-14
4106 Placid Creek Way
Teravista Sec 07
$485,000 $176 4 bd / 3 ba 2,762 sqft , 2026-08-20
4316 Promontory Point Trl
Vista Vera
$494,788 $169 4 bd / 4 ba 2,921 sqft , 2026-10-01
4507 Cervinia Dr
Teravista
$499,900 $176 4 bd / 3 ba 2,844 sqft , 2026-08-27
701 Green Vista Ct
Teravista Sec 09
$499,999 $189 4 bd / 3 ba 2,643 sqft , 2026-06-18

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
$2,299/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
$95,800
20% conventional investment loan

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

Estimated Gross Rent+$2,299
Principal + Interest−$2,614
Property Tax (~2.1% TX avg)−$838
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,353

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 October 2, 2026.

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