Active Listing  ·  23 days on market

128 Spotted Rail Rdg

Leander, TX 78641
$329,000
3 Bed 2 Bath 1,539 sqft $214/sqft Built 2020 0.12 acres 2-Car Garage Pool Summerlyn West

Better than new construction! Welcome to 128 Spotted Rail Ridge, where thoughtful upgrades, an incredible backyard, and a fantastic location come together! This beautifully maintained single-story home offers 3 bedrooms, 2 bathrooms, and a dedicated office, with custom touches throughout that make it anything but ordinary. Step inside to find beautiful wood ceiling beams, stylish black interior doors, upgraded lighting and fixtures, custom cabinetry and shelving, and durable vinyl plank flooring. The kitchen features granite countertops, stainless steel appliances, and a Whirlpool counter-depth refrigerator that can convey with the home. The dedicated office offers a custom two-person workspace, with desks the sellers are willing to leave! But the real showstopper is the backyard! Featuring approximately $22,000 in improvements, this private outdoor retreat includes high-end artificial turf, a four-hole putting green, mature trees, a covered patio, and charming string lights that create the perfect setting for relaxing or entertaining. Enjoy all of this with no backyard mowing! Additional conveniences include a water softener, tinted primary bedroom windows, ample storage, and a Whirlpool washer and dryer that can also convey. The location is just as appealing! Enjoy a peaceful neighborhood setting with community social events and a pool, playground, and covered picnic area approximately three blocks away. Target, Costco, shopping, dining, and convenient access to 183A are all nearby, making commuting into Austin a breeze. Zoned to the highly rated Leander ISD. With so many custom upgrades already completed and an outdoor space designed to be enjoyed, this home offers something truly special. Come experience it for yourself!

At $214/sqft, this home is 7% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

128 Spotted Rail Rdg, Leander, TX 78641

Property Details

Price $329,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,539 sqft
Lot Size 0.12 acres (5,079.1 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerlyn West
County Williamson
Zip Code 78641
$/sqft $214/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $6,576.95
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250273729
List Date October 20, 2026
Elementary School North
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

North · Danielson · Glenn

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.

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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
193 Bufflehead None
Summerlyn Ph L-1B
$331,900 $194 3 bd / 3 ba 1,712 sqft , 2026-10-26
305 Tequilana Pass
Wildleaf Ph 2
$348,000 $182 3 bd / 3 ba 1,909 sqft , 2026-07-31
245 Tequilana Pass
Wildleaf
$309,900 $164 4 bd / 2 ba 1,885 sqft , 2026-07-10
140 Syrah Ct
Highland Terrace Ph 1
$355,000 $191 3 bd / 2 ba 1,857 sqft , 2026-11-01
429 Falcon Ln
Summerlyn Ph L-1A
$300,000 $163 3 bd / 2 ba 1,844 sqft , 2026-10-15

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
$1,579/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
$65,800
20% conventional investment loan

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

Estimated Gross Rent+$1,579
Principal + Interest−$1,795
Property Tax (assumed ~2.1%)−$576
Insurance (assumed ~0.5%)−$137
Est. Monthly Cash Flow $-929

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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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 · 41 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. The written content was last updated on October 24, 2026.

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

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