Active Listing  ·  11 days on market

11916 Lime Creek Rd

Leander, TX 78641
$895,000
1 Bed 1 Bath 1,298 sqft $690/sqft Built 1982 1.59 acres 2-Car Garage Pool None

11916 Lime Creek Road is a RECENTLY RENOVATED rare Hill Country live/work property offering a stone masonry residence and a separately accessed, fully renovated office building on 1.59 fenced and gated acres in unincorporated Travis County. With no municipal zoning, the property supports side-by-side residential and commercial use that surrounding incorporated cities cannot offer — an increasingly scarce advantage in the fast-growing Cedar Park/Leander corridor.

The detached office has been thoughtfully renovated with tile floors, wood plank ceilings, LED lighting, mini-split HVAC, and a stone fireplace feature wall, and is currently home to an established HVAC service company — a new owner can move a business in on day one. A dedicated concrete apron, asphalt internal drive, and decomposed-granite parking support daily commercial operations, while separate approaches for the office and the 1,298 SF residence keep business traffic apart from home life. A detached workshop and a drive-through carport add secure storage and covered parking for equipment and vehicles.

Perimeter chain-link fencing with gated entry secures the entire tract, which sits beneath a mature oak canopy in Flood Zone X, outside the mapped floodplain. A private well and septic system eliminate reliance on municipal utilities. Located minutes from FM 1431 retail, Cedar Park, Volente, and Lake Travis, and within the acclaimed Leander ISD, the property offers contractors, tradespeople, professionals, and investors a flexible foothold in one of the region's strongest growth corridors — occupy both buildings, or live in one and put the other to work.

Square footages and acreage per Travis Central Appraisal District records and boundary survey; buyer to verify all information independently, including permitted uses, well, and septic. Boundary survey available upon request.

At $690/sqft, this home is priced 186% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

11916 Lime Creek Rd, Leander, TX 78641

Property Details

Price $895,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,298 sqft
Lot Size 1.59 acres (69,317.03 sqft)
Year Built 1982
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision None
County Travis
Zip Code 78641
$/sqft $690/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,145.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241124508
List Date July 24, 2026
Elementary School Camacho
Middle School Four Points
High School Vandegrift
School District ,

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
17129 E Darleen Dr
Trails End
$749,500 $744 2 bd / 1 ba 1,008 sqft , 2026-04-11

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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

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