About This Home

Beautiful clean home in great location with oversized lot. HUGE backyard.

Welcome to 1132 Hemlen Cove in Leander, Texas. Tucked away on a quiet cul de sac, this home offers a great combination of comfort and convenience with one of the largest backyards in the neighborhood. You'll find an open floor plan with plenty of natural light and oversized rooms that flow nicely into the kitchen and dining room. The large master bedroom provides a private retreat, while the additional bedrooms offer flexibility for guests, kids, or a home office. Located close to schools, parks, shopping, dining, and major roads, this home is in a great spot to enjoy everything Leander has to offer.

At $172/sqft, this home is 28% 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

1132 Hemlen Cv, Leander, TX 78641

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Property Details

Price $565,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 3,276 sqft

Lot Size 0.24 acres (10,511.03 sqft)

Year Built 2020

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Mason Ranch

County Williamson

Zip Code 78641

$/sqft $172/sqft

Days on Market ,

HOA $195/Quarterly

Annual Tax Est. $10,480.07

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT239294032

List Date July 9, 2026

Elementary School Whitestone

Middle School Leander Middle

High School Leander High

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

421 Abruzzi St
ROSENBUSCH RANCH $570,000 $192 4 bd / 3 ba 2,976 sqft , 2026-03-19

1617 Quynn Ln
Mason Ranch Ph 1 Sec 6 $555,000 $174 4 bd / 4 ba 3,198 sqft , 2026-06-24

417 Eagle Canyon Dr
ROSENBUSCH RANCH $551,990 $162 5 bd / 3 ba 3,403 sqft , 2026-03-16

437 Eagle Canyon Dr
ROSENBUSCH RANCH $551,990 $162 5 bd / 3 ba 3,403 sqft , 2026-08-13

612 Prairie Wind Dr
ROSENBUSCH RANCH $588,490 $173 4 bd / 4 ba 3,395 sqft , 2026-07-14

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

$2,712/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

$113,000

20% conventional investment loan

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

Estimated Gross Rent+$2,712

Principal + Interest−$3,083

Property Tax (~2.1% TX avg)−$989

Insurance (~0.5%)−$235

Est. Monthly Cash Flow $-1,595

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 →

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 July 10, 2026.

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

1132 Hemlen Cv

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

1132 Hemlen Cv

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

Explore Austin Real Estate