Active Listing  ·  97 days on market

701 Oaklands Dr

Round Rock, TX 78681
$619,995
4 Bed 3 Bath 3,135 sqft $198/sqft Built 1998 0.20 acres 2-Car Garage Pool The Oaklands

This home is better than new, priced to sell, more house, more land more privacy for your money. See this beautiful custom Architect Designed estate today... 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 easy access to kitchen and upstairs. Beautifully landscaped oversized yard with 2 sides greenbelt. In ground sprinkler system front and back. 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.

At $198/sqft, this home is 5% 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

701 Oaklands Dr, Round Rock, TX 78681

Property Details

Price $619,995
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 $198/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.

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 · July 3, 2026 $699,000
Previous ask $649,995
Current ask $619,995
▼ Reduced $79,005 (-11.3%) 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 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
1007 Bluff Dr
Round Rock West Sec 04
$625,000 $266 3 bd / 3 ba 2,348 sqft , 2026-09-10
506 Springbok Dr
Brushy Crk Sec 04
$599,000 $239 4 bd / 4 ba 2,510 sqft , 2026-08-01
1612 Hermitage Dr
Hermitage
$595,000 $259 4 bd / 3 ba 2,294 sqft , 2026-07-31
1908 Clearwater Dr
Oaklands Sec 01B
$575,000 $200 4 bd / 3 ba 2,868 sqft , 2026-09-03
2211 Spring Hollow Path
Oakland Sec 03B
$540,000 $203 4 bd / 3 ba 2,656 sqft , 2026-09-23

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
$2,976/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
$123,999
20% conventional investment loan

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

Estimated Gross Rent+$2,976
Principal + Interest−$3,384
Property Tax (~2.1% TX avg)−$1,085
Insurance (~0.5%)−$258
Est. Monthly Cash Flow $-1,751

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 September 22, 2026.

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