Active Listing  ·  32 days on market

1144 Waterfall Ave

Leander, TX 78641
$355,000
3 Bed 3 Bath 2,254 sqft $157/sqft Built 2020 0.11 acres 2-Car Garage Pool Alterra

SHORT SALE! This home is well below the neighborhood and the owner needs to sell. Please write your offer and we will submit for final bank approval. This is a lightly lived in home with NO PETS EVER!

Century Communities built home in a central Leander location. Three bedrooms plus an office with a wide-open chef's kitchen, perfect for baking and enjoying large gatherings! Large living upstairs flanked by the primary suite and two additional bedrooms.

At $157/sqft, this home is 32% 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

1144 Waterfall Ave, Leander, TX 78641

Property Details

Price $355,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,254 sqft
Lot Size 0.11 acres (4,669.63 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Alterra
County Williamson
Zip Code 78641
$/sqft $157/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $7,736.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247839807
List Date October 11, 2026
Elementary School Jim Plain
Middle School Knox Wiley
High School Glenn
School District Leander ISD

Leander ISD

Jim Plain · Knox Wiley · Glenn

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.

Schedule a Call →

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
703 Sparkling Brook Ln
North Creek Sec 03B
$359,990 $193 3 bd / 3 ba 1,864 sqft , 2026-06-18
211 Banner Ave
Westview Mdws Ph 03 Final
$350,000 $156 4 bd / 3 ba 2,241 sqft , 2026-04-17
2014 Woodway Dr
Westwood Sec 05
$350,000 $129 4 bd / 3 ba 2,710 sqft , 2026-07-22
341 Coba St
Enclave at MAYA VISTA
$349,999 $226 3 bd / 2 ba 1,547 sqft , 2025-06-09
403 Bello Dr
Westwood Sec 01
$349,999 $135 4 bd / 3 ba 2,584 sqft , 2026-10-29

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
$1,704/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
$71,000
20% conventional investment loan

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

Estimated Gross Rent+$1,704
Principal + Interest−$1,937
Property Tax (assumed ~2.1%)−$621
Insurance (assumed ~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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

More Luxury Homes in Leander

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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 5, 2026.

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

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