About This Home

Rare opportunity to own nearly 3 fully fenced and gated acres in Liberty Hill ISD with a low tax rate. The property includes 2 mobile homes, 2 septic systems and a storage building. Live in one home while you build your dream home, keep the property as an investment or create the private acreage retreat you have been looking for. A Georgetown Water line is located at the road, offering the potential to connect to public water. Buyer to verify all property details, water connection availability and costs, utilities and intended use.

At $247/sqft, this home is priced 11% 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

706 Phillip Ln, Liberty Hill, TX 78642

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Property Details

Price $300,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,216 sqft

Lot Size 2.98 acres (129,808.8 sqft)

Year Built 2000

Garage ,

Stories ,

Type Residential · Manufactured Home

Subdivision Northwest

County Williamson

Zip Code 78642

$/sqft $247/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,302

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT239837058

List Date July 20, 2026

Elementary School Liberty Hill

Middle School Liberty Hill (Liberty Hill)

High School Liberty Hill

School District Liberty Hill ISD

School District

Liberty Hill ISD

Liberty Hill · Liberty Hill (Liberty Hill) · Liberty Hill

Have Questions About This Property?

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 · July 20, 2026 $325,000

Current ask $300,000

▼ Reduced $25,000 (-7.7%) 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 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

108 Rivendale St
Butler Farms $294,990 $186 3 bd / 3 ba 1,589 sqft , 2026-07-07

417 Wild Spur Ln
Butler Farms $289,990 $182 3 bd / 3 ba 1,589 sqft , 2026-05-19

256 Prairie Song Ln
Butler Farms $289,990 $194 3 bd / 2 ba 1,498 sqft , 2026-10-27

128 Outlaw Dr
Butler Farms Ph 9 $285,000 $198 3 bd / 2 ba 1,440 sqft , 2026-10-16

252 Prairie Song Ln
Butler Farms $279,990 $194 3 bd / 2 ba 1,440 sqft , 2026-10-26

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

$60,000

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (assumed ~2.1%)−$525

Insurance (assumed ~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 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

About the Author

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 September 26, 2026.

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

706 Phillip Ln

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Liberty Hill, TX

More Luxury Homes in Liberty Hill

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