Active Listing  ·  37 days on market

1016 Flanagan Dr

Leander, TX 78641
$415,000
3 Bed 2 Bath 1,708 sqft $243/sqft Built 2007 0.17 acres 2-Car Garage Pool Benbrook ranch

PRICE JUST REDUCED Custom Made 3/2/2 Home with office has had a major remodeling completed. However leaving the rest to the new owner to complete as they like, so the finishing touches are theirs. The hard and complex work has been done, including all the following new items installed, Roof, HVAC, Plumbing & NEW GARBAGE DISPOSAL, Doors, Carpet in bedrooms, Waterproof laminate & tile floors throughout the rest of this home, New wood trim and base boards, ATTIC & PIPE INSULATION, Open floor plan, Kitchen has extended Cabinets to the 9’ ceilings, tile back splash, Walk in Pantry/Laundry Room. Master Bath has Separate Tub & Shower, New Dual Sinks with larger/taller cabinets. Master Bedroom boasts a beautiful view of the backyard, large Walk in Closet ready for your storage system of choice! Plus a Raised 9’ Ceiling. Ceiling fans in every room! Enjoy the Large Covered Front porch in the morning or Extended back porch! Nice landscaping throughout, Indoor utility room, & MORE! Neighborhood Pool, Park, trails Restrictions: Transferable Warranties on most new items. TRULY A MUST SEE! As is offers welcome

At $243/sqft, this home is priced in line with the Leander market average of $239/sqft across 675 active listings. View Austin market report →

Location

1016 Flanagan Dr, Leander, TX 78641

Property Details

Price $415,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,708 sqft
Lot Size 0.17 acres (7,230.96 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Benbrook ranch
County Williamson
Zip Code 78641
$/sqft $243/sqft
Days on Market ,
HOA $35/Monthly
Annual Tax Est. $6,680
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229683065
List Date July 10, 2026
Elementary School Jim Plain
Middle School Knox Wiley
High School Rouse
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
904 Prominence Way
South Brook
$416,950 $215 4 bd / 2 ba 1,936 sqft , 2026-08-11
912 Prominence Way
South Brook
$421,950 $226 3 bd / 2 ba 1,868 sqft , 2026-08-13
1005 Sundrops St
Oak Creek Ph 4
$424,900 $197 4 bd / 2 ba 2,161 sqft , 2026-02-26
1313 Mustang Brook Ln
Oak Creek Ph 5
$425,000 $193 4 bd / 3 ba 2,204 sqft , 2026-06-02
605 Palmilla St
Oak Creek Ph 2
$439,900 $195 4 bd / 2 ba 2,255 sqft , 2026-02-06

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
$1,992/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
$83,000
20% conventional investment loan

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

Estimated Gross Rent+$1,992
Principal + Interest−$2,265
Property Tax (~2.1% TX avg)−$726
Insurance (~0.5%)−$173
Est. Monthly Cash Flow $-1,172

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 July 21, 2026.

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