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ActiveMLS #3510909

705 Pheasant MDW, Liberty Hill TX 78642

Liberty Hill, TX 78642 · Rio Ancho

Single Family Residence for sale in Rio Ancho

4Bedrooms
2Bathrooms
2,308Square Ft
0.82Acres
3Garage
2020Year Built
Price Reduced
1 / 38
$640,000$659,000

Overview

Property Description

Located in the private gated community of Rio Ancho in Liberty Hill, Texas, this custom Drennan Day Homes residence offers the perfect blend of privacy, space, and Hill Country charm. Take advantage of a property tax rate of 1.69%! Rio Ancho is known for its acreage homesites, gated privacy, pool, clubhouse, parks and scenic Hill Country surroundings, 15 miles to Burnet, and 21 miles to Georgetown, and 40 miles to the greater Austin area. Situated on a beautifully treed 0.82-acre lot, this single-story home features an oversized 3-car garage and a thoughtfully designed layout ideal for everyday living and entertaining. Step inside to a welcoming entry that leads to three spacious secondary bedrooms and a full bath with dual vanities, perfect for family or guests. The heart of the home is the expansive living room, filled with natural light from oversized windows and anchored by a cozy wood-burning fireplace, creating a warm and inviting atmosphere. Just off the main living area, a charming flex space with double windows offers a peaceful retreat, perfect for morning coffee while enjoying views of beautiful sunrises and sunsets . The open-concept kitchen seamlessly connects to the living and dining areas and features solid surface countertops, a center island, a large walk-in pantry and 42” shaker solid wood cabinetry, providing both function and style. The private primary suite is tucked away on the opposite side of the home, offering a quiet escape with a spacious ensuite bath complete with soaking tub, walk-in shower, dual vanities, and a generous walk-in closet. Outdoor living is a true highlight with a large covered patio, wrought iron fenced backyard, landscaped roses and mature live oak trees ideal for relaxing or entertaining under the Texas sky. Enjoy the tranquility of country living with nearby lakes, parks, and growing amenities in both Liberty Hill and Burnet County.

Financial Info
Price
$640,000
$ / Sqft
$277
HOA
Yes - Mandatory / $914 / Annually
HOA Name
Rio Ancho HOA
HOA Includes
Common Area Maintenance
Tax Rate
1.6923%
Est. Taxes
$1,167
Tax Year
2020
Exemptions
None
Legal Info
Address
705 Pheasant MDW
County
Burnet
City
Liberty Hill
State
TX
Zip
78642
Subdivision
Rio Ancho
Legal Description
S7294 RIO ANCHO LOT 30, SEC 1
Parcel
07294010000030000
Interior Features
Floor
Concrete
Num Living
1
Dining
1
Kitchen
Pantry, Granite Counters
Appliances
Built-In Oven(s), Dishwasher, Disposal, Electric Cooktop, Exhaust Fan, Microwave, Electric Water Heater
Laundry
In Hall, Main Level
Master Bed
Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Fireplaces
1
Fireplace Description
Family Room
Interior Features
High Ceilings, Double Vanity, Pantry, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s), Granite Counters, None, Blinds
General Info
Beds
4 Total / 4 Main Level
Full / Half Baths
2 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
1
Year Built
2020 / Resale
Square Feet
2,308 / Public Records
Garages
3
Garage Desc
Attached, Garage Door Opener, Garage Faces Side
Foundation
Slab
Roof
Composition
Construction
Masonry – All Sides, Stucco
Acres
0.82
Lot Description
Corner Lot, Level, Trees-Heavy, Trees-Large (Over 40 Ft), Many Trees
Restrictions
Deed Restrictions
Flood Plain
No
View
None
Water Access
No
Waterfront
No
Area
LH
Utility Info
Water
Private
Sewer
Septic Tank
Utilities
Electricity Available, Underground Utilities
Heat
Central, Electric
A C
Central Air
Exterior Features
Fence
None
Exterior Features
Exterior Steps, Covered, Patio
Pool On Property
No
Area Amenities
Clubhouse, Gated, Park, Playground, Pool

Price history

Members only
Days on market
−$19,000 (−2.9%)
$659,000 → $640,000
2
Price reductions
Active
Since Jun 23, 2026
Price trend
List priceJun 2026Sep 2026
Property history3 events
DateEventPriceChange
Sep 17, 2026Price Decrease$640,000−$9,000 (−1.4%)
Aug 24, 2026Price Decrease$649,000−$10,000 (−1.5%)
Aug 9, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
BurnetCONSISD
Elementary
Bertram
Middle
Burnet (Burnet ISD)
High
Burnet

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $640,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$3,866 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $3,866

Principal & interest
$3,236
Property taxes
$97
Homeowners insurance
$533

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$512,000$5,723$33,112$506,277
2$506,277$6,106$32,728$500,171
3$500,171$6,515$32,319$493,656
4$493,656$6,951$31,883$486,705
5$486,705$7,417$31,417$479,288
6$479,288$7,914$30,921$471,375
7$471,375$8,444$30,391$462,931
8$462,931$9,009$29,825$453,922
9$453,922$9,612$29,222$444,310
10$444,310$10,256$28,578$434,054
  • Year 1$506,277
    Principal paid
    $5,723
    Interest paid
    $33,112
    Starting balance
    $512,000
  • Year 2$500,171
    Principal paid
    $6,106
    Interest paid
    $32,728
    Starting balance
    $506,277
  • Year 3$493,656
    Principal paid
    $6,515
    Interest paid
    $32,319
    Starting balance
    $500,171
  • Year 4$486,705
    Principal paid
    $6,951
    Interest paid
    $31,883
    Starting balance
    $493,656
  • Year 5$479,288
    Principal paid
    $7,417
    Interest paid
    $31,417
    Starting balance
    $486,705
  • Year 6$471,375
    Principal paid
    $7,914
    Interest paid
    $30,921
    Starting balance
    $479,288
  • Year 7$462,931
    Principal paid
    $8,444
    Interest paid
    $30,391
    Starting balance
    $471,375
  • Year 8$453,922
    Principal paid
    $9,009
    Interest paid
    $29,825
    Starting balance
    $462,931
  • Year 9$444,310
    Principal paid
    $9,612
    Interest paid
    $29,222
    Starting balance
    $453,922
  • Year 10$434,054
    Principal paid
    $10,256
    Interest paid
    $28,578
    Starting balance
    $444,310
First 10 of 30 years

Nearby

Courtesy of Coldwell Banker Apex · (512) 848-0191

Listings courtesy of ACTRIS as distributed by MLS GRID.