Active Listing  ·  81 days on market

1005 W South St

Leander, TX 78641
$315,000
3 Bed 2 Bath 2,001 sqft $157/sqft Built 2002 0.17 acres 2-Car Garage Pool Westview Meadows Ph 01

Welcome home to this beautifully remodeled one-story home in the desirable Westview Meadows community! Ideally located between Bagdad Road and Highway 183, this home offers easy access to shopping, dining, major employers, and everything the growing Leander area has to offer. Inside, you’ll love the fresh modern updates throughout, including new interior paint, stylish countertops, updated kitchen cabinets, designer backsplash tile, updated fixtures, new flooring, and beautifully refreshed bathrooms. The open floorplan creates an inviting space perfect for everyday living and entertaining alike. The spacious layout features two dining areas, giving you flexibility for formal dining, a breakfast space, home office setup, or additional living space. A convenient indoor utility room and attached 2-car garage add to the home’s functionality and comfort.

Located in highly acclaimed Leander ISD, this move-in-ready home combines modern updates, a fantastic location, and a floorplan that today’s buyers love. Don’t miss your opportunity to enjoy comfortable living in one of the area’s most convenient locations!

At $157/sqft, this home is 34% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1005 W South St, Leander, TX 78641

Property Details

Price $315,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,001 sqft
Lot Size 0.17 acres (7,492.32 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westview Meadows Ph 01
County Williamson
Zip Code 78641
$/sqft $157/sqft
Days on Market ,
HOA $90/Quarterly
Annual Tax Est. $6,453.99
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230703872
List Date May 27, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
School District ,

Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Leander

Comparable Listings Right Now

Homes currently for sale in Leander 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
315 Northern Trl
Westview Meadows Ph 04
$310,000 $203 3 bd / 2 ba 1,528 sqft , 2026-05-01
107 Fossil Trl
Old Town Village Sec 02B
$310,000 $181 3 bd / 2 ba 1,716 sqft , 2026-08-02
808 Red River Ln
North Creek Sec 03e
$310,000 $155 3 bd / 3 ba 2,001 sqft , 2026-08-08
701 Los Robles Rd
Estates of North Creek Ranch Sec 02
$320,000 $204 3 bd / 2 ba 1,572 sqft , 2026-03-13
500 Municipal Dr #401
Municipal Drive Townhomes
$305,342 $210 3 bd / 3 ba 1,454 sqft , 2026-03-20

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 Leander, TX

Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 25 min SE
Dell Technologies HQ 20 min SE
Samsung Austin Semiconductor 30 min SE

More Luxury Homes in Leander

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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 July 16, 2026.

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