Active Listing  ·  55 days on market

109 Lambert St

Leander, TX 78641
$285,000
3 Bed 2 Bath 1,460 sqft $195/sqft Built 2019 0.13 acres 2-Car Garage Pool Caughfield

Welcome home to this pristinely kept 3-bedroom, 2-bath gem offering 1,460 SF of thoughtfully designed living space!

Open floor plan flows seamlessly throughout, with durable vinyl plank flooring extending through every room—no carpet to worry about. The eat-in kitchen shines with granite countertops and a breakfast bar, perfect for casual dining or entertaining.

The private primary suite boasts its own bath with a spacious shower. Two additional bedrooms share a full hall bath, ideal for family or guests.

Step outside to the extended stone patio, complete with a 220V connection ready for a hot tub and a TV connection for outdoor entertaining—your own backyard retreat! A 2-car garage adds convenience and extra storage.

Enjoy resort-style HOA amenities including a community pool and park, plus the added bonus of walking distance to the elementary school.

Move-in ready and packed with value—schedule your showing today!

At $195/sqft, this home is 18% 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

109 Lambert St, Leander, TX 78641

Property Details

Price $285,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,460 sqft
Lot Size 0.13 acres (5,580.04 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Caughfield
County Williamson
Zip Code 78641
$/sqft $195/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $8,317.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241005302
List Date July 30, 2026
Elementary School Larkspur
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 · July 30, 2026 $299,900
Current ask $285,000
Reduced $14,900 (-5.0%) 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
101 Blue Sage Dr
Larkspur
$289,900 $167 4 bd / 2 ba 1,731 sqft , 2026-07-23
224 Trellis Blvd
Highland Terrace Ph 1
$300,000 $194 3 bd / 2 ba 1,545 sqft , 2026-06-24
341 Ancellotta Way
Highland Terrace
$305,000 $245 3 bd / 2 ba 1,243 sqft , 2026-07-05
408 Red Matador Ln
Larkspur
$318,000 $210 3 bd / 2 ba 1,517 sqft , 2026-05-31
105 Syrah Ct
HIGHLAND TERRACE PH 1
$250,000 $201 3 bd / 2 ba 1,243 sqft , 2026-07-23

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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 22, 2026.

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