Active Listing  ·  50 days on market

709 Elder Way

Round Rock, TX 78664
$320,000
4 Bed 2 Bath 1,930 sqft $166/sqft Built 1992 0.16 acres 2-Car Garage Pool South Creek Sec 01

Rather than a room-by-room cosmetic update, 709 Elder Way was renovated as one connected design. Wide-plank wood-look flooring now runs continuously through the home, replacing the former mix of surfaces. Fresh neutral paint, black hardware, updated ceiling fans, recessed lighting and new decorative fixtures carry the same clean palette from the entry through both living areas, kitchen and bedroom wing. The front living room adds true flexibility beyond the main gathering space—useful for an office, media room, formal dining or play space—without closing it off from the rest of the home. At the center, the kitchen opens to the family room and casual dining area with a long breakfast bar, quartz-style counters, refreshed cabinetry, subway-tile backsplash, gas range and stainless appliances. The primary suite includes a large walk-in closet and a redesigned bath with dual sinks, black fixtures and a tiled walk-in shower; the secondary bath was updated in the same finish language. A dedicated laundry room keeps daily utility out of the living space. Multiple rear windows and a glass door bring in natural light and connect the breakfast area to the patio and fenced backyard shaded by a mature tree. Additional practical value includes low-E windows, an attached garage, no HOA and the roof approximately two years old. South Creek provides direct access to A.W. Grimes, Gattis School Road, SH-45 and I-35 without the added cost of a mandatory association.

At $166/sqft, this home is 20% 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

709 Elder Way, Round Rock, TX 78664

Property Details

Price $320,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,930 sqft
Lot Size 0.16 acres (7,013.16 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision South Creek Sec 01
County Williamson
Zip Code 78664
$/sqft $166/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,256.1
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243982621
List Date August 19, 2026
Elementary School Callison
Middle School Canyon Vista
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 · August 19, 2026 $349,000
Current ask $320,000
▼ Reduced $29,000 (-8.3%) 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
1519 Plume Grass Pl
Round Rock Ranch B Ph 01 Sec 0
$320,000 $170 4 bd / 3 ba 1,880 sqft , 2026-06-25
2133 Redwing Way
South Creek Sec 16 Amd
$318,900 $233 3 bd / 2 ba 1,369 sqft , 2026-06-26
605 Hawthorne Ln
SOUTH CREEK SEC 6
$316,000 $205 3 bd / 2 ba 1,539 sqft , 2026-10-02
1280 E Main St #502
Monarch on Main
$324,990 $173 3 bd / 3 ba 1,881 sqft , 2026-09-02
1422 Green Terrace Dr
Greenslopes At Lakecreek Sec 10A
$315,000 $194 3 bd / 3 ba 1,624 sqft , 2026-05-22

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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 5, 2026.

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