Active Listing  ·  62 days on market

124 Redtail Ln

Leander, TX 78641
$599,995
5 Bed 3 Bath 3,609 sqft $166/sqft Built 2018 0.36 acres 3-Car Garage Pool Larkspur/Caughfield Ph 1

Welcome to 124 Redtail Lane in the highly sought-after Larkspur community of Leander! Situated on an oversized lot, this impressive 3,609 sq. ft. home offers 5 spacious bedrooms, 3 full bathrooms, and a rare 3-car garage, making it one of the largest and most desirable floor plans available in the neighborhood.

Designed with both functionality and comfort in mind, this home provides generous living spaces perfect for entertaining, working from home, or accommodating a growing household. A standout feature is the added slide gate, providing convenient access to securely park a boat, RV, trailer, or additional vehicles—an incredibly rare amenity in Larkspur.

Residents enjoy all that the Larkspur master-planned community has to offer, including the Larkspur Amenity Center with its resort-style pool, splash pad, fitness center, clubhouse, playgrounds, scenic walking trails, and over 100 acres of parks and open green space along the San Gabriel River, creating an exceptional lifestyle for everyone.

Conveniently located near Highway 183 and Highway 29, this home offers easy access to shopping, dining, major employers, and is zoned to highly regarded Leander ISD schools. Opportunities to own a home of this size—with an oversized lot, 3-car garage, and dedicated RV/boat access—in Larkspur are exceptionally rare. Don't miss your chance to make this incredible property your next home!

At $166/sqft, this home is 30% below the Leander active market average of $237/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

124 Redtail Ln, Leander, TX 78641

Property Details

Price $599,995
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 3,609 sqft
Lot Size 0.36 acres (15,485.58 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Larkspur/Caughfield Ph 1
County Williamson
Zip Code 78641
$/sqft $166/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $15,794.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240011745
List Date July 23, 2026
Elementary School Larkspur
Middle School Danielson
High School Glenn
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 →

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 · July 23, 2026 $625,000
Current ask $599,995
Reduced $25,005 (-4.0%) 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 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
2437 Tumbleweed Bnd
The Enclave at Bar W
$574,990 $181 5 bd / 4 ba 3,177 sqft , 2026-04-09
2433 Tumbleweed Bnd
The Enclave at Bar W
$561,490 $190 4 bd / 3 ba 2,956 sqft , 2026-08-07
2517 Tumbleweed Bnd
The Enclave at Bar W
$557,390 $211 4 bd / 3 ba 2,639 sqft , 2026-08-07
2444 Tumbleweed Bnd
The Enclave at Bar W
$555,490 $188 4 bd / 3 ba 2,956 sqft , 2026-08-07
108 Redtail Ln
Larkspur / Caughfield
$649,900 $168 5 bd / 4 ba 3,862 sqft , 2026-06-12

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
$2,880/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
$119,999
20% conventional investment loan

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

Estimated Gross Rent+$2,880
Principal + Interest−$3,274
Property Tax (~2.1% TX avg)−$1,050
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,694

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 September 5, 2026.

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