Active Listing  ·  29 days on market

1201 Drake Cv

Leander, TX 78641
$435,000
4 Bed 3 Bath 2,614 sqft $166/sqft Built 2006 0.20 acres 2-Car Garage Pool Woods At Mason Creek 02 Sec 04

This stunning 4-bedroom home with an additional office has been meticulously maintained by its original owner and is situated on a quiet cul-de-sac in a desirable neighborhood. Notable upgrades and features include built-in Bose speakers in the living room, a Kinetico water softener, a reverse-osmosis drinking water system, an oversized upgraded walk-in shower in the primary bathroom, separate vanities and two walk-in closets in the primary suite, ceiling fans and blinds in all secondary bedrooms, and a radiant barrier in the attic for improved energy efficiency. The home offers abundant storage with two walk-in attic storage rooms and built-in garage shelving. Additional highlights include a large walk-in pantry in the kitchen, an oversized laundry room, a new roof installed in 2021, an HVAC system replaced in October 2025, and no carpet on the first floor. Blinds, curtains, and the refrigerator are included. A 220-volt outlet on the back patio makes it hot tub-ready, and the property is wired for both sound and security. This home is truly move-in ready.

At $166/sqft, this home is 31% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1201 Drake Cv, Leander, TX 78641

Property Details

Price $435,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,614 sqft
Lot Size 0.20 acres (8,855.75 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Woods At Mason Creek 02 Sec 04
County Williamson
Zip Code 78641
$/sqft $166/sqft
Days on Market ,
HOA $49/Monthly
Annual Tax Est. $8,374
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239086804
List Date July 18, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
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
424 Turnbuckle Bnd
Horizon Lk Ph I Sec 1
$432,180 $198 4 bd / 3 ba 2,179 sqft , 2026-08-08
1309 Patito Pl
Villas at Vista Ridge
$439,900 $189 3 bd / 3 ba 2,325 sqft , 2026-05-23
1524 Uhland Dr
Mason Ranch Ph 1 Sec 2
$439,900 $183 4 bd / 3 ba 2,402 sqft , 2026-05-27
609 Thrush Dr
Oak Ridge Sec 2
$425,000 $228 3 bd / 2 ba 1,865 sqft , 2026-07-25
1712 Uhland Dr
Mason Ranch Ph 1 Sec 3
$420,000 $144 3 bd / 3 ba 2,922 sqft , 2026-02-05

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
$2,088/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
$87,000
20% conventional investment loan

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

Estimated Gross Rent+$2,088
Principal + Interest−$2,374
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,228

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

Loading…
View All Luxury Homes →
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 · 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 July 19, 2026.

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