Active Listing  ·  149 days on market

706 Cambridge Dr

Round Rock, TX 78664
$299,900
3 Bed 2 Bath 1,905 sqft $157/sqft Built 1978 0.22 acres 2-Car Garage Pool Kensington Place Sec 01

Opportunity awaits in highly sought-after Kensington Place! This inviting 3-bedroom, 2-bath split-level home offers 1,905 square feet of thoughtfully designed living space ideal for everyday comfort and entertaining. All three bedrooms are located on the lower level, creating a peaceful retreat separate from the main living areas. Upstairs, abundant natural light, an open atmosphere, and effortless flow to the updated outdoor space set the stage for relaxing or hosting guests. Recent improvements include appliances less than three years old and a roof replaced just two years ago. Enjoy an exceptional location only two blocks from The District, Round Rock’s upcoming retail and entertainment destination, with Downtown Round Rock, Dell’s campus, and the new Amazon Hub just minutes away. Foundation repairs were completed in the early 2000s.

At $157/sqft, this home is 27% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

706 Cambridge Dr, Round Rock, TX 78664

Property Details

Price $299,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,905 sqft
Lot Size 0.22 acres (9,430.74 sqft)
Year Built 1978
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Kensington Place Sec 01
County Williamson
Zip Code 78664
$/sqft $157/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,277.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223961549
List Date March 26, 2026
Elementary School Xenia Voigt
Middle School CD Fulkes
High School Cedar Ridge
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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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 · March 26, 2026 $248,500
Previous ask $287,500
Current ask $299,900
Increased $51,400 (+20.7%) 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
1626 Parkfield Cir
Windy Park Sec 2
$300,000 $211 3 bd / 3 ba 1,423 sqft , 2026-05-29
2328 Friarcreek Loop
Greenlawn Place
$300,000 $222 3 bd / 2 ba 1,353 sqft , 2026-06-03
411 Buckboard Blvd
Chisholm Valley Sec 05
$299,000 $214 3 bd / 2 ba 1,400 sqft , 2026-02-17
708 Greenwich Pl
Kensington Place Sec 02
$307,000 $219 4 bd / 2 ba 1,400 sqft , 2026-06-23
1810 Courtney Cv
Greenlawn Place Sec 02
$308,500 $212 3 bd / 2 ba 1,456 sqft , 2026-06-11

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 12, 2026.

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