Active Listing  ·  62 days on market

101 Blue Sage Dr

Leander, TX 78641
$289,900
4 Bed 2 Bath 1,731 sqft $167/sqft Built 2018 0.21 acres 2-Car Garage Pool Larkspur

Welcome to Larkspur, one of Leander's most sought-after communities! This charming one-story home delivers an open floor plan that flows naturally from the kitchen, featuring a center island, breakfast bar, and all major kitchen appliances conveying, into the living and dining spaces. The primary suite is positioned privately at the back of the home with an ensuite bathroom and spacious closet. Out back is where this home truly shines with a covered patio plus an additional pergola over a wood deck creates a layered outdoor living experience perfect for entertaining, relaxing, or simply soaking in those beautiful Central Texas evenings. The fenced backyard gives you privacy and room to breathe.

Larkspur residents enjoy a community pool, fitness center, game room, playground, park, and planned social activities, a lifestyle built right into the neighborhood. Easy access to US-183 and the 183A Toll Road connects you to Cedar Park and Downtown Austin in just 25 minutes. Shopping, dining, and entertainment are all just minutes away, and the H-E-B Center at Cedar Park is close by for concerts and events. Zoned to the highly regarded Leander ISD.

Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

At $167/sqft, this home is 30% below the Leander active market average of $237/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 Blue Sage Dr, Leander, TX 78641

Property Details

Price $289,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,731 sqft
Lot Size 0.21 acres (9,029.99 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Larkspur
County Williamson
Zip Code 78641
$/sqft $167/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $9,097.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240668592
List Date July 23, 2026
Elementary School Larkspur
Middle School Danielson
High School Glenn
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.

Schedule a Call →

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 · July 23, 2026 $305,000
Previous ask $299,900
Current ask $289,900
Reduced $15,100 (-5.0%) 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 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
144 High Plains Pass
Orchard Ridge
$289,900 $194 3 bd / 2 ba 1,491 sqft , 2026-04-02
109 Lambert St
Caughfield
$285,000 $195 3 bd / 2 ba 1,460 sqft , 2026-07-30
200 High Plains Pass
Orchard Ridge
$298,700 $216 3 bd / 2 ba 1,386 sqft , 2026-09-18
100 Centuryplant Rd
WILDLEAF
$299,000 $171 4 bd / 2 ba 1,746 sqft , 2026-06-24
109 Filifera Ct
WILDLEAF
$299,900 $207 3 bd / 2 ba 1,449 sqft , 2026-07-08

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
$1,392/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
$57,980
20% conventional investment loan

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

Estimated Gross Rent+$1,392
Principal + Interest−$1,582
Property Tax (~2.1% TX avg)−$507
Insurance (~0.5%)−$121
Est. Monthly Cash Flow $-818

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

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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 September 8, 2026.

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