Active Listing  ·  9 days on market

1101 Feather Reed Dr

Leander, TX 78641
$485,000
4 Bed 3 Bath 2,895 sqft $168/sqft Built 2013 0.16 acres 2-Car Garage Pool Sarita Valley

STUNNING SARITA VALLEY CORNER-LOT HOME W/ A NEW ROOF, NEW HVAC & AN INCREDIBLE SCREENED PATIO! Built in 2013 by Grand Haven Homes, this move-in ready 2-story offers 4 bedrooms, 2.5 baths & 2,895 SF on a 7,100 SF lot in one of Leander's inviting communities! The brick & stucco exterior makes a striking first impression, while the open layout features 2 living areas, 2 dining spaces, a dedicated study & a spacious family room w/ cozy fireplace. The stylish kitchen shines w/ granite counters, SS appliances, gas range, center island, breakfast bar, pantry & abundant prep space. Coffered ceilings, crown molding, recessed lighting & a mix of tile, laminate & carpet flooring add architectural charm throughout. The FIRST-FLOOR PRIMARY SUITE offers a relaxing retreat w/ double vanity & walk-in closet, while upstairs features 3 secondary bedrooms & a versatile gameroom! Enjoy indoor-outdoor living on the expansive 11x25 COVERED, SCREENED PATIO w/ vaulted wood-beam ceiling overlooking the fully fenced backyard, ideal for year-round lounging, dining & gatherings. Additional highlights include a main-level laundry room, attached 2-car garage, automatic sprinkler system, full gutters, transferable roof & HVAC warranties on file, plus refrigerator, washer & dryer included! Enjoy Sarita Valley's COMMUNITY POOL, playground, scenic greenbelts, parkland, gathering areas & hike/bike trails connecting to the Brushy Creek trail network! The location puts you near H-E-B, Bar W Marketplace, 1890 Ranch, The Parke, H-E-B Center, shopping, restaurants & entertainment. Explore nearby Sarita Valley Greenbelt, Lakewood Park & Crystal Falls Golf Club. Convenient access to Ronald Reagan Blvd, US-183 & 183A Toll makes Cedar Park, Georgetown, Round Rock & North Austin easily accessible! Zoned to LEANDER ISD, including Tarvin Elementary, Stiles Middle & Rouse High. A rare blend of space, comfort, recreation & convenience!

At $168/sqft, this home is 27% below the Leander active market average of $230/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 $485,000
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 $168/sqft
Days on Market ,
HOA $210/Quarterly
Annual Tax Est. $12,473.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251505938
List Date November 3, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District Leander ISD

Leander ISD

Tarvin · Stiles · Rouse

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
944 Purple Moor Pass
Sarita Valley
$499,000 $227 3 bd / 2 ba 2,197 sqft , 2026-11-06
1924 Granite Springs Rd
Cold Spgs Sec 01
$499,999 $154 5 bd / 4 ba 3,250 sqft , 2026-07-09
1753 Cactus Mound Dr
Cold Springs
$434,900 $199 3 bd / 2 ba 2,181 sqft , 2026-10-16
4017 Waxahachie Rd
Edgewood
$539,990 $194 4 bd / 4 ba 2,785 sqft , 2026-09-01
821 Purmela St
Edgewood
$549,990 $197 4 bd / 4 ba 2,785 sqft , 2026-07-27

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
$2,328/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
$97,000
20% conventional investment loan

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

Estimated Gross Rent+$2,328
Principal + Interest−$2,647
Property Tax (assumed ~2.1%)−$849
Insurance (assumed ~0.5%)−$202
Est. Monthly Cash Flow $-1,370

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 · 41 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. The written content was last updated on November 8, 2026.

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

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