Active Listing  ·  149 days on market

1101 Feather Reed Dr

Leander, TX 78641
$480,000
4 Bed 3 Bath 2,895 sqft $166/sqft Built 2013 0.16 acres 2-Car Garage Pool Sarita Valley

LOWER INSURANCE RATES & ZERO BIG-TICKET MAINTENANCE! Featuring a BRAND-NEW Roof and complete BRAND-NEW HVAC System, this move-in-ready Sarita Valley home offers instant peace of mind, max insurance carrier discounts, and significantly lower monthly utility bills from Day 1. Spanning nearly 2,895 sq ft, this prime corner-lot home boasts exceptional curb appeal and a thoughtful, open-concept layout. The main level features a dedicated home office, open concept living area and a chef's kitchen ideal for entertaining. There are 2 living and 2 dining spaces, providing plenty of room for everyday living and entertaining. The kitchen is equipped with a gas range, stainless steel appliances and lots of counter space. The living room is anchored by a cozy fireplace with a classic white mantel, creating a warm and inviting focal point. The primary bedroom and ensuite are downstairs. Upstairs offers 3 spacious secondary bedrooms and a flexible second living/game room. Step outside to your private oasis—an 11x25 covered and screened porch with vaulted wood-beam ceilings. Zoned to top-rated Leander ISD schools (Tarvin Elementary, Stiles Middle, and Rouse High). Conveniently located off Ronald Reagan Blvd for seamless commutes to Apple, The Domain, and Austin’s tech corridors. The refrigerator, washer & dryer convey with the home. Transferable roof and HVAC warranties on file. Ask about preferred lender incentives!

At $166/sqft, this home is 31% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1101 Feather Reed Dr, Leander, TX 78641

Property Details

Price $480,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,895 sqft
Lot Size 0.16 acres (7,100.28 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sarita Valley
County Williamson
Zip Code 78641
$/sqft $166/sqft
Days on Market ,
HOA $210/Quarterly
Annual Tax Est. $12,473.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222692279
List Date March 20, 2026
Elementary School Tarvin
Middle School Stiles
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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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 · March 20, 2026 $550,000
Previous ask $499,900
Current ask $480,000
Reduced $70,000 (-12.7%) 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
1924 Granite Springs Rd
Cold Spgs Sec 01
$525,000 $162 5 bd / 4 ba 3,250 sqft , 2026-07-09
1317 Sweet Violet Dr
Wildspring - Arbor Collection
$599,000 $268 3 bd / 3 ba 2,238 sqft , 2026-01-09
4009 Waxahachie Rd
Edgewood
$599,990 $178 5 bd / 4 ba 3,365 sqft , 2026-07-01
821 Purmela St
Edgewood
$619,990 $223 4 bd / 4 ba 2,785 sqft , 2026-07-27
4013 Waxahachie Rd
Edgewood
$624,990 $194 5 bd / 4 ba 3,221 sqft , 2026-07-01

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (~2.1% TX avg)−$840
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 August 11, 2026.

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