About This Home

Welcome to 1101 Downridge Dr! This spacious 4-bedroom, 2-bath home offers 2,160 sqft of comfortable living space with a functional layout and plenty of room to make it your own. A great opportunity in a desirable Leander location?schedule your showing today!

At $176/sqft, this home is 26% 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

1101 Downridge Dr, Leander, TX 78641

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Property Details

Price $379,900

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 2,160 sqft

Lot Size 0.21 acres (8,999.5 sqft)

Year Built 2003

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Ridgewood South Ph 02

County Williamson

Zip Code 78641

$/sqft $176/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,886.89

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246771782

List Date September 14, 2026

Elementary School Pleasant Hill

Middle School Knox Wiley

High School Rouse

School District ,

Have Questions About This Property?

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

405 Fairfield Loop
Horizon Park Sec 5 $375,000 $193 3 bd / 2 ba 1,938 sqft , 2026-09-16

408 Glen Valley Ln
Horizon Park Sec 2 $389,000 $139 4 bd / 3 ba 2,790 sqft , 2026-04-15

1612 Rossport Bnd
Block House Creek Ph D Sec 02 $390,000 $176 4 bd / 3 ba 2,215 sqft , 2026-04-02

16601 Jadestone Dr
Block House Crk Ph E Sec 504 $354,500 $206 3 bd / 2 ba 1,725 sqft , 2026-08-13

860 Water Hyacinth Loop
Crystal Crossing $349,900 $149 3 bd / 2 ba 2,344 sqft , 2026-02-27

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

$1,824/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

$75,980

20% conventional investment loan

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

Estimated Gross Rent+$1,824

Principal + Interest−$2,073

Property Tax (~2.1% TX avg)−$665

Insurance (~0.5%)−$158

Est. Monthly Cash Flow $-1,072

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

About the Author

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 15, 2026.

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

1101 Downridge Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

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