Market Overview for Paloma Lake

There are 15 active listings in Paloma Lake with a median list price of $630K and a median sold price of $520K.

Homes average 49 days on market.

Over the past 30 days, 5 homes have sold, with 47 sales in the past 12 months.

The average price per square foot is $197.

About Paloma Lake

Paloma Lake is a master-planned community in Round Rock, Texas, located east of I-35 along University Boulevard (CR 112). Developed by Meritage Homes and other builders beginning in the mid-2000s, the neighborhood features a resort-style amenity center, extensive trail network, and community lake that serves as the neighborhood's centerpiece and namesake.

Homes in Paloma Lake typically range from $300,000 to $500,000 and above, with a mix of single-family floor plans from approximately 1,500 to over 3,500 square feet. Architectural styles follow Central Texas suburban conventions with stone and stucco facades, open floor plans, and energy-efficient construction. The community includes both established sections built during the original development phase and newer sections that have expanded the neighborhood footprint.

Paloma Lake is served by Round Rock Independent School District (Round Rock ISD), consistently rated among the TEA A-rated districts in Central Texas. Students typically attend Elsa England Elementary (located within the community), Hopewell Middle School, and Stony Point High School. Stony Point is a large, established campus with strong academic, athletic, and fine arts programs.

I-35 provides direct access to major employment centers, with downtown Round Rock approximately 10 minutes west, Dell Technologies headquarters approximately 10 minutes north, and downtown Austin 25-30 minutes south. The Texas A&M Health Science Center campus is nearby along University Boulevard. The community's combination of master-planned amenities, Round Rock ISD schools, and competitive pricing has made it one of Round Rock's most popular neighborhoods.

Living in Paloma Lake

Paloma Lake delivers the full master-planned community experience at price points that remain competitive for the Round Rock market. Homes in the $300K-$500K+ range come with access to a resort-style pool and amenity center, miles of walking trails, playgrounds, sports courts, and the community lake that provides a scenic focal point for the neighborhood.

Round Rock ISD schools are a major draw, with Elsa England Elementary located within the community and Stony Point High School serving as the secondary campus. I-35 access connects residents to Dell Technologies and Round Rock employers in 10 minutes and downtown Austin in 25-30 minutes. The community's HOA maintains the amenity center and common areas, and regular neighborhood events foster an engaged, community-oriented atmosphere that master-planned buyers expect.

For buyers weighing Round Rock options, Paloma Lake offers a strong balance of amenities, school quality, and value that newer communities at similar price points often cannot match due to the neighborhood's mature landscaping and fully built-out amenity package.