About This Home

Rare Opportunity in the Village of San Leanna!

Nestled on over half an acre, this charming home offers the perfect blend of peaceful country living with the convenience of city amenities just minutes away. Surrounded by lush greenery, apple trees, and mature landscaping, this property is a nature lover’s dream. A greenhouse and pool add to the home's unique character and potential.

Whether you're looking to personalize your forever home or invest in a rewarding renovation project, this one is full of promise. Embrace the chance to transform this hidden gem into something truly extraordinary.

At $206/sqft, this home is 32% below the Manchaca active market average of $305/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11909 Bluebonnet Ln, Manchaca, TX 78652

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Property Details

Price $550,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,675 sqft

Lot Size 0.62 acres (26,806.82 sqft)

Year Built 1958

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision San Leanna Estates

County Travis

Zip Code 78652

$/sqft $206/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $5,102.6

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT205339492

List Date August 23, 2025

Elementary School Menchaca

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Manchaca 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 · August 23, 2025 $675,000

Current ask $550,000

▼ Reduced $125,000 (-18.5%) 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 Manchaca

Comparable Listings Right Now

Homes currently for sale in Manchaca 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

10512 Thoroughbred Dr
Stablewood At Slaughter Creeks $550,000 $173 4 bd / 4 ba 3,188 sqft , 2026-06-05

11811 Sleepy Hollow Rd
San Leanna Estates $549,000 $304 3 bd / 2 ba 1,808 sqft , 2026-03-06

12709 Cholla Ln
Arroyo Doble Estates Sec 01 $575,000 $310 3 bd / 2 ba 1,852 sqft , 2026-08-12

10800 Desert Willow Loop
Meadows At Double Creek $580,000 $187 4 bd / 4 ba 3,105 sqft , 2026-05-01

610 Redbud Trl
San Leanna Estates $615,000 $280 3 bd / 2 ba 2,197 sqft , 2026-08-04

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

$2,640/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

$110,000

20% conventional investment loan

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

Estimated Gross Rent+$2,640

Principal + Interest−$3,002

Property Tax (~2.1% TX avg)−$963

Insurance (~0.5%)−$229

Est. Monthly Cash Flow $-1,554

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 Manchaca, TX

Manchaca 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

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 August 14, 2026.

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

11909 Bluebonnet Ln