Market Overview for Paloma Lake
There are 18 active listings in Paloma Lake with a median list price of $568K and a median sold price of $510K.
Homes average 49 days on market.
Over the past 30 days, 3 homes have sold, with 47 sales in the past 12 months.
The average price per square foot is $194.
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), which earned a "B" overall TEA accountability rating for 2025-26 (89 of 100). 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.
Things to Do in Paloma Lake
- Paloma Lake Amenity Center: Resort-style community pool, splash pad, fitness center, sports courts, and event pavilion maintained by the HOA for resident use.
- Paloma Lake Trail System: Miles of paved walking and biking trails connecting throughout the community, around the lake, and to neighborhood parks and playgrounds.
- Round Rock Premium Outlets: Outdoor outlet shopping center approximately 10 minutes north with 125+ brand-name stores.
- Old Settlers Park: 670-acre Round Rock city park approximately 10 minutes away with baseball fields, a lake, trails, playgrounds, and the Dell Diamond minor league stadium.
- Kalahari Resorts: America's largest indoor waterpark resort in Round Rock, approximately 15 minutes north, with waterslides, wave pools, and entertainment.
- Downtown Round Rock: Historic Main Street district approximately 10 minutes west with locally owned restaurants, live music, and the famous Round Rock Donuts.
Major Employers in Paloma Lake
- Dell Technologies (Technology): World headquarters in Round Rock, approximately 10 minutes north via I-35
- Round Rock ISD (Education): Major local employer with campuses throughout the Round Rock area
- Baylor Scott & White Medical Center - Round Rock (Healthcare): Major hospital and medical campus in Round Rock
- Texas A&M Health Science Center (Higher Education & Healthcare): Medical education campus on University Boulevard near Paloma Lake
- Emerson Automation Solutions (Technology & Manufacturing): Major Round Rock employer in industrial automation
Paloma Lake Schools
Paloma Lake is served by Round Rock ISD. Students typically attend Herrington Elementary for elementary school, Hopewell Middle School for middle school, and Stony Point High School for high school.
School District: Round Rock ISD
Public Schools
Private Schools
- Round Rock Christian Academy - Private school in the Round Rock area serving pre-K through high school
Higher Education
- Texas A&M Health Science Center - Medical education campus on University Boulevard near Paloma Lake
Frequently Asked Questions
Where is Paloma Lake in Round Rock?
Paloma Lake is a master-planned community in Round Rock, Texas, located east of I-35 along University Boulevard. The neighborhood features a community lake, resort-style amenity center, and extensive trail system.
How much do homes cost in Paloma Lake?
Homes in Paloma Lake typically range from $300,000 to $500,000 and above, with single-family floor plans from approximately 1,500 to over 3,500 square feet. The community offers a range of sizes and price points.
What school district is Paloma Lake in?
Paloma Lake is served by Round Rock ISD. Elsa England Elementary is located within the community. Students also attend Hopewell Middle School and Stony Point High School.
What amenities does Paloma Lake have?
Paloma Lake features a resort-style pool and amenity center, splash pad, fitness center, sports courts, miles of walking trails, playgrounds, and the community lake. The HOA maintains all amenities and organizes community events.
How far is Paloma Lake from downtown Austin?
Paloma Lake is approximately 25-30 minutes from downtown Austin via I-35. Downtown Round Rock is about 10 minutes west, and Dell Technologies headquarters is approximately 10 minutes north.
