Active Listing  ·  103 days on market

108 Redtail Ln

Leander, TX 78641
$649,900
5 Bed 4 Bath 3,862 sqft $168/sqft Built 2017 0.29 acres 3-Car Garage Pool Larkspur / Caughfield

Rare opportunity to own one of Larkspur's most thoughtfully designed and meticulously upgraded residences. Built to be the builder's personal home, this home showcases premium craftsmanship, luxury finishes, and thoughtful custom upgrades throughout. Situated on a highly desirable 210-foot-deep cul-de-sac lot w/ mature oak trees, this home offers a rare combination of elegance, functionality, on an unbeatable lot. The versatile floor plan includes 2 beds and 2 full baths on the main level, ideal for guests or multigenerational living. A dedicated front office with soaring ceilings, French doors, and abundant natural light provides the perfect work-from-home retreat. The materials and thoughtfulness of the design choices make the difference; wide-plank oak flooring, wrought-iron double stair railings, and extensive recessed lighting. Every interior door is an 8-foot, 6-panel design, creating a luxurious feel rarely found in comparable homes. The kitchen includes large island, dedicated coffee bar and spacious butler's pantry for convenience and additional storage. The media room features 5 built-in surround sound speakers and the upstairs game room comes complete with a pool table that conveys, additional in-floor electrical outlets, and a custom rustic wall-to-wall bar with refrigerator.

Located within the highly sought-after Larkspur community with more than 100 acres of parkland and open space along the San Gabriel River, Larkspur offers an exceptional lifestyle with resort-style amenities including a pool, fitness center, clubhouse, playscape, and recreation trails. This neighborhood benefits from access to Leander Independent School District, including Larkspur Elementary School. Conveniently located off Highway 183 near Highway 29, Larkspur provides easy access to Round Rock, Cedar Park, and Austin while maintaining the peaceful charm of the Texas Hill Country.

At $168/sqft, this home is 29% 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

108 Redtail Ln, Leander, TX 78641

Property Details

Price $649,900
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,862 sqft
Lot Size 0.29 acres (12,606.26 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Larkspur / Caughfield
County Williamson
Zip Code 78641
$/sqft $168/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $16,699.29
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229829234
List Date June 12, 2026
Elementary School Larkspur
Middle School Knox Wiley
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.

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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 · June 12, 2026 $672,500
Current ask $649,900
Reduced $22,600 (-3.4%) 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
124 Redtail Ln
Larkspur/Caughfield Ph 1
$599,995 $166 5 bd / 3 ba 3,609 sqft , 2026-07-23
2437 Tumbleweed Bnd
The Enclave at Bar W
$574,990 $181 5 bd / 4 ba 3,177 sqft , 2026-04-09
2433 Tumbleweed Bnd
The Enclave at Bar W
$561,490 $190 4 bd / 3 ba 2,956 sqft , 2026-08-07
2517 Tumbleweed Bnd
The Enclave at Bar W
$557,390 $211 4 bd / 3 ba 2,639 sqft , 2026-08-07
2444 Tumbleweed Bnd
The Enclave at Bar W
$555,490 $188 4 bd / 3 ba 2,956 sqft , 2026-08-07

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
$3,120/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
$129,980
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,137
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,835

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

More Luxury Homes in Leander

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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 3, 2026.

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