About This Home

NEW CONSTRUCTION BY ASHTON WOODS! Available Nov/Dec 2026! Lagos Reserves is a new community in Manor that features resort style amenities with pool, clubhouse, playground, and pickle-ball courts. The Waterville is an open concept style single story that features our Laguna Studio collection with Natural Wood Stained cabinets and Gold hardware and finishes, quartz counter-tops, built in appliances, pendant lights over the island, and tasteful backsplash. The Primary suite features a primary bath with a mud set shower and freestanding tub for soaking.

At $216/sqft, this home is priced 8% above the Manor active market average of $200/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

11409 Lago Leon St, Manor, TX 78653

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Property Details

Price $411,365

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 1,905 sqft

Lot Size 0.14 acres (5,998.21 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Lagos Reserve

County Travis

Zip Code 78653

$/sqft $216/sqft

Days on Market ,

HOA $800/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT249394812

List Date October 9, 2026

Elementary School Lagos

Middle School Manor (Manor ISD)

High School Manor

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Manor 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 · October 9, 2026 $461,049

Previous ask $452,049

Current ask $411,365

▼ Reduced $49,684 (-10.8%) 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 Manor

Comparable Listings Right Now

Homes currently for sale in Manor 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

11208 Zip Cochise Way
Saddle Ridge at Wildhorse Ranch $409,999 $180 4 bd / 3 ba 2,274 sqft , 2026-02-16

11208 Koko Cayuse Trl
Saddle Rdg/Wildhorse Ranch Sec $409,999 $172 4 bd / 4 ba 2,385 sqft , 2026-10-20

1012 S San Marcos St
Lagos Community $419,900 $235 3 bd / 2 ba 1,785 sqft , 2026-05-21

16805 Bustillos Pass
Lagos $399,990 $161 5 bd / 3 ba 2,489 sqft , 2026-10-20

13312 Cuchillo Path
Lagos $395,530 $202 4 bd / 2 ba 1,954 sqft , 2026-10-22

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

$1,975/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

$82,273

20% conventional investment loan

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

Estimated Gross Rent+$1,975

Principal + Interest−$2,245

Property Tax (~2.1% TX avg)−$720

Insurance (~0.5%)−$171

Est. Monthly Cash Flow $-1,161

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 October 20, 2026.

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

11409 Lago Leon St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Manor, TX

More Luxury Homes in Manor

11409 Lago Leon St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Manor, TX

More Luxury Homes in Manor

Explore Austin Real Estate