Active Listing  ·  209 days on market

1013 Matheson Dr

Leander, TX 78641
$420,000
5 Bed 3 Bath 2,941 sqft $143/sqft Built 2014 0.17 acres 2-Car Garage Pool Savanna Ranch

$90,000 PRICE REDUCTION! *** Space, style, and flexibility come together in this beautifully updated, move-in-ready 5-bedroom home in Savanna Ranch! Offering 2,941 square feet, a HUGE backyard, a dedicated home office, and an oversized upstairs game room, this home has room for it all.***

The open-concept floor plan features a spacious kitchen with granite countertops, abundant cabinet space, and seamless flow into the living and dining areas, perfect for everyday living and entertaining. The private downstairs primary suite offers a comfortable retreat, while generously sized bedrooms with walk-in closets provide plenty of storage. Upstairs, the oversized game room creates a second living space for movie nights, entertaining, or relaxing. The fifth bedroom is huge and could easily be a media room, home gym, or guest room. ***

Enjoy major recent updates, including a NEW ROOF, NEW WATER HEATER, updated carpet and hardwood flooring, fresh interior paint, and refreshed landscaping. A completed pre-listing inspection is also available. Ask your agent for a copy! ***

Step outside to a HUGE backyard with plenty of space for outdoor entertaining, gardening, or simply enjoying the outdoors. Located in Savanna Ranch, this home offers the added convenience of being within walking distance of a school, with easy access to H-E-B Plus!, Halsey & Devine Park, neighborhood parks, walking trails, shopping, dining, major commuter routes, and community amenities, including a playground. ***

With spacious bedrooms, multiple living areas, a dedicated workspace, and an expansive backyard, this home offers the space and flexibility to fit your lifestyle. Schedule your private showing today!

At $143/sqft, this home is 38% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1013 Matheson Dr, Leander, TX 78641

Property Details

Price $420,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths 1
Living Area 2,941 sqft
Lot Size 0.17 acres (7,200.47 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Savanna Ranch
County Williamson
Zip Code 78641
$/sqft $143/sqft
Days on Market ,
HOA $30/Monthly
Annual Tax Est. $9,663.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224968054
List Date April 17, 2026
Elementary School Jim Plain
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

Jim Plain · Danielson · Glenn

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 · April 17, 2026 $525,000
Previous ask $435,000
Current ask $420,000
▼ Reduced $105,000 (-20.0%) 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
1313 Mustang Brook Ln
Oak Creek Ph 5
$425,000 $193 4 bd / 3 ba 2,204 sqft , 2026-06-02
505 Buttermilk Ln
Northside Mdw Ph 2
$425,000 $170 4 bd / 3 ba 2,506 sqft , 2026-11-03
605 Palmilla St
Oak Creek Ph 2
$429,999 $191 4 bd / 2 ba 2,255 sqft , 2026-10-27
1704 Cobblecrest Ln
Devine Lake Ph 2
$409,000 $173 4 bd / 3 ba 2,365 sqft , 2026-06-18
1725 Devine Lake Blvd
Devine Lk Ph 2
$434,900 $171 4 bd / 3 ba 2,543 sqft , 2026-10-15

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
$2,016/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
$84,000
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (assumed ~2.1%)−$735
Insurance (assumed ~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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 · 41 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. The written content was last updated on November 9, 2026.

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

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