Active Listing  ·  47 days on market

11617 Leapwood Pl

Austin, TX 78759
$949,500
4 Bed 4 Bath 3,205 sqft $296/sqft Built 2008 0.19 acres 2-Car Garage Pool Q Ranch

Discover a rare ownership opportunity in Q Ranch, a premier residential collection in Northwest Austin. Comprising an intimate neighborhood of only 24 custom builds, this area features properties set along a peaceful, oak-canopied cul-de-sac. This Craftsman-inspired 2-story home stands out as a newer property for the area, showcasing a transitional modern feel with its multi-gabled roofline, striking stone elevation, mixed-material siding, and 2 carriage-style wood garage doors. Inside, the floor plan highlights a blend of high ceilings and rich wood accents. The central living area commands attention with an expansive two-story ceiling and stacked upper and lower banks of windows. Polished concrete flooring flows across the main level, and a fireplace with a chic stone hearth/mantel serves as a focal point. The layout transitions into the culinary kitchen, which opens directly to both the living and dining areas. Designed for entertaining, the kitchen boasts beautiful rich wood-toned cabinetry, a premium 5-burner gas cooktop, and a built-in oven & microwave. A central island anchors the room, serving as a hub for quick dining and engaging conversation. Retreat to primary bedroom, a serene haven defined by a vaulted ceiling and a bank of windows. The luxury ensuite bath is fully equipped with dual vessel sinks set on granite-topped counters, a frameless walk-in shower, a deep soaking tub, and a custom vanity tower. Upstairs, a versatile bonus area boasts a refined tongue-and-groove wood ceiling. Outdoor living centers around a private backyard patio crafted for slow, relaxing evenings. Steps away, residents can access a community park—a rare walkable amenity in this part of town. This premier Northwest Austin enclave sits 14 miles from Downtown Austin, enjoying easy proximity to major employers like Apple, alongside top-tier shopping and dining at The Domain and The Arboretum, with Highway 183 and MoPac just minutes away. For more info, go to: https://wkf.ms/3SiiBew

At $296/sqft, this home is 24% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11617 Leapwood Pl, Austin, TX 78759

Property Details

Price $949,500
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,205 sqft
Lot Size 0.19 acres (8,102.16 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Q Ranch
County Travis
Zip Code 78759
$/sqft $296/sqft
Days on Market ,
HOA $240/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236657535
List Date June 18, 2026
Elementary School Davis
Middle School Murchison
High School Anderson
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · June 18, 2026 $999,990
Current ask $949,500
Reduced $50,490 (-5.0%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
156 Noahs Ct
Belterra Sec 17
$949,800 $285 4 bd / 4 ba 3,337 sqft , 2026-03-10
8008 Ladera Verde Dr
Alta Mira Sec 1 At Circle C Ra
$949,900 $304 4 bd / 3 ba 3,124 sqft , 2026-07-23
2006 Kit Cir
Foxfield
$949,999 $331 4 bd / 4 ba 2,869 sqft , 2026-04-10
5504 Lands End St
Travis Landing
$949,000 $354 3 bd / 3 ba 2,678 sqft , 2026-04-15
4020 Vail Dv
Falconhead West Ph 01 Sec 01
$949,000 $294 5 bd / 3 ba 3,231 sqft , 2026-05-30

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
$4,558/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
$189,900
20% conventional investment loan

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

Estimated Gross Rent+$4,558
Principal + Interest−$5,182
Property Tax (~2.1% TX avg)−$1,662
Insurance (~0.5%)−$396
Est. Monthly Cash Flow $-2,682

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 Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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