Active Listing  ·  43 days on market

701 Oaklands Dr

Round Rock, TX 78681
$699,000
4 Bed 3 Bath 3,135 sqft $223/sqft Built 1998 0.20 acres 2-Car Garage Pool The Oaklands

Beautiful custom estate Architect designed, detail in every room, access upstairs from front and back staircases, 2-sides greenbelt, conveniently located in The Oaklands! True one of a kind. Architect designed this graceful home with ample storage, workspace, flow & livability in mind. Large windows invite natural light & views of mature trees to complement high-end finishes, double crown molding, granite counters, stainless appliances, wood furniture quality cabinets, recessed lighting, wired for sound, vaulted ceilings, custom travertine tile, fresh paint inside and out, new carpet, built ins. 4 bedrooms, 2-1/2 baths, 2 dining, 2 living, 1 private office and 3 separate workspaces. Spacious primary retreat overlooks an oversized private oak tree canopy backyard w/ext. patio & tree fort. Wonderful spa bath, double vanity, separate shower and over-sized jetted tub surrounded by glass, like living in a tree house. 3 large secondary bedrooms with walk in closets and each have special built in features. The shared bath has double vanity, ample storage, window for light and bathing tub & shower. Bonus room upstairs, with easy access to kitchen, with two built in work areas and 2 oversized storage closets. Laundry room upstairs with built-in shelves and hanging rack. Oversized garage w/tons of storage, extended driveway, concrete footing ready for basketball goal, insulated garage door and opener, enter the home into a mud room with easy access to the kitchen or upstairs with the second staircase. Beautifully landscaped oversized yard with 2 sides greenbelt. Fresh new landscaping in the front, mulched beds ready for flower gardens or vegetables in the back. In ground sprinkler system front and back. Area for storing trash containers out of site. The tree house structure is sound just needs some TLC. Please do not allow children to climb on it. Updates list including a new roof in 2025 is attached to Sellers Disclosure. This home is special a true must see.

At $223/sqft, this home is priced 4% above the Round Rock active market average of $214/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

701 Oaklands Dr, Round Rock, TX 78681

Property Details

Price $699,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,135 sqft
Lot Size 0.20 acres (8,842.68 sqft)
Year Built 1998
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Oaklands
County Williamson
Zip Code 78681
$/sqft $223/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. $10,521.12
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238601944
List Date July 3, 2026
Elementary School Fern Bluff
Middle School Chisholm Trail
High School Round Rock
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
2323 Cantata Cv
Sauls Ranch East
$765,000 $268 4 bd / 3 ba 2,857 sqft , 2026-08-04
1612 Hermitage Dr
Hermitage
$625,000 $272 4 bd / 3 ba 2,294 sqft , 2026-07-31
506 Springbok Dr
Brushy Crk Sec 04
$619,000 $247 4 bd / 4 ba 2,510 sqft , 2026-08-01
1040 Sonata Pl
Sauls Ranch East
$789,900 $245 4 bd / 3 ba 3,229 sqft , 2025-12-18
1314 Cardinal Ln
Sauls Ranch East
$790,000 $275 5 bd / 5 ba 2,875 sqft , 2026-05-18

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
$3,355/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
$139,800
20% conventional investment loan

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

Estimated Gross Rent+$3,355
Principal + Interest−$3,815
Property Tax (~2.1% TX avg)−$1,223
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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 August 2, 2026.

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