Active Listing  ·  109 days on market

1013 Matheson Dr

Leander, TX 78641
$450,000
5 Bed 3 Bath 2,941 sqft $153/sqft Built 2014 0.17 acres 2-Car Garage Pool Savanna Ranch

**$75,000 PRICE IMPROVEMENT!** Move-in ready and packed with space, this beautifully updated 5-bedroom, 2.5-bath home offers 2,941 square feet with a dedicated home office, an oversized upstairs game room, and generously sized bedrooms throughout.

Designed with flexibility in mind, the open floor plan features a spacious main living area, abundant natural light, and a private downstairs primary suite. Whether you're working from home, entertaining, or need room for a growing household, this layout offers the space to fit your lifestyle.

Recent updates include **new flooring**, fresh interior paint, refreshed landscaping, a **new roof**, and a **new water heater**, making this home truly move-in ready. The kitchen features granite countertops, ample cabinet space, and opens seamlessly to the living and dining areas.

Need even more flexibility? The fifth bedroom easily doubles as a media room, playroom, home gym, guest suite, or additional flex space.

For added peace of mind, a pre-listing inspection has already been completed—ask your agent for a copy.

Located in the desirable Savanna Ranch community, you'll enjoy convenient access to H-E-B Plus!, Halsey & Devine Park, neighborhood parks, walking trails, shopping, dining, major commuter routes, and community amenities including a pool and playground. This is the rare opportunity to own a spacious, updated home with room for everyone—all at an exceptional value.

At $153/sqft, this home is 37% below the Leander active market average of $241/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 $450,000
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 $153/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 ,

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 $475,000
Current ask $450,000
Reduced $75,000 (-14.3%) 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
544 Appalachian Trl
TRAILS AT LEANDER
$450,000 $164 5 bd / 3 ba 2,737 sqft , 2025-11-21
316 Middle Brook Dr
Oak Creek
$450,000 $154 4 bd / 4 ba 2,913 sqft , 2026-02-21
1114 Calistoga Dr
Ridgewood South Ph 02
$450,000 $166 4 bd / 3 ba 2,710 sqft , 2026-02-27
104 Blue Sage Dr
Caughfield Ph Iv
$450,000 $188 6 bd / 3 ba 2,393 sqft , 2026-05-08
1436 Lindo Dr
VISTA RIDGE PH 2-B
$449,995 $139 5 bd / 4 ba 3,237 sqft , 2026-06-13

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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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