Active Listing  ·  61 days on market

10211 Middle Darleen None

Leander, TX 78641
$1,475,000
5 Bed 4 Bath 4,798 sqft $307/sqft Built 2005 0.90 acres 2-Car Garage Pool Waterfront Trails End Resub 02

Perched high above a sprawling cove on Lake Travis, this exceptional gated waterfront estate features a three-story main home atop a dramatic 40-foot cliff, offering breathtaking panoramic views, unmatched privacy, and 247 feet of owned waterfront. The property includes a 4,200-square-foot main residence with 5 bedrooms and 3.5 bathrooms, complemented by a separate two-story guest house with an additional 598 square feet, 1 bedroom, and 1 bathroom. Short term rentals allowable.

Designed to maximize its incredible setting, the home features three expansive covered back decks overlooking the resort-style swimming pool, cascading waterfall, spa, and the sparkling waters of Lake Travis below.

Inside, soaring ceilings, abundant recessed lighting, and walls of windows fill the home with natural light while framing spectacular lake views. The open-concept kitchen features an extra-long granite island, stainless steel appliances including a built-in microwave, wall oven, and gas cooktop, plus a large bay window overlooking the pool and lake. The kitchen flows seamlessly into the spacious living and dining areas.

The entire third floor is dedicated to a private primary suite with a sitting area, wet bar, private covered balcony overlooking the pool and lake, oversized walk-in closet, and a double-sided noncombustible fireplace shared between the bedroom and spa-inspired bath. The ensuite features dual vanities and a separate walk-in shower.

Interior finishes include carpet, tile, and stained concrete flooring throughout. The detached two-story guest house provides comfortable accommodations for family and guests or multi-generational living.

Offering 4,798 square feet of combined living space, resort-style outdoor amenities, 247 feet of owned Lake Travis waterfront, and an extraordinary cliffside setting, this exceptional property delivers luxury lake living at its finest.

At $307/sqft, this home is priced 30% above the Leander active market average of $237/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

10211 Middle Darleen None, Leander, TX 78641

Property Details

Price $1,475,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 4,798 sqft
Lot Size 0.90 acres (39,204 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trails End Resub 02
County Travis
Zip Code 78641
$/sqft $307/sqft
Days on Market ,
HOA $45/Annually
Annual Tax Est. $20,258.18
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT235411269
List Date July 23, 2026
Elementary School CC Mason
Middle School Running Brushy
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.

Schedule a Call →

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
10800 Beach Rd
Valle Verde Beach
$1,359,000 $334 4 bd / 4 ba 4,072 sqft , 2026-06-19
17701 Hunters Hollow None
Hunters Creek
$1,249,000 $297 4 bd / 5 ba 4,204 sqft , 2025-09-02
18007 Crystal Cv
Northlake Hills Sec 01
$1,139,000 $311 4 bd / 4 ba 3,658 sqft , 2026-05-14

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
$7,080/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
$295,000
20% conventional investment loan

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

Estimated Gross Rent+$7,080
Principal + Interest−$8,050
Property Tax (~2.1% TX avg)−$2,581
Insurance (~0.5%)−$615
Est. Monthly Cash Flow $-4,166

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 14, 2026.

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