About This Home

Newly-installed roof June 25th and additional $5k price improvement! Model-like family home available in highly-acclaimed Leander school district! 3/2, open-floorplan with vaulted ceilings, stained concrete floors, covered front and back patios with beautifully-landscaped, shaded yard. Stainless-steel appliances, digital smart locks and includes a centralized shut-off plumbing system. Walking distance to the community park, pool, playground and more! Conveniently located near the HEB center, shopping, restaurants, Leander High School, and more. Easy toll-road and highway access. Excellent value for Leander school district in a wonderful neighborhood.

At $216/sqft, this home is 10% below the Leander active market average of $241/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1320 Alpine Mountain Dr, Leander, TX 78641

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Property Details

Price $339,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,577 sqft

Lot Size 0.14 acres (6,111.47 sqft)

Year Built 2007

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Lakeline Ranch Ph 05

County Williamson

Zip Code 78641

$/sqft $216/sqft

Days on Market ,

HOA $47/Monthly

Annual Tax Est. $7,008.08

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223991188

List Date April 2, 2026

Elementary School William J Winkley

Middle School Running Brushy

High School Leander High

School District ,

Have Questions About This Property?

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

1521 Hope Ranch Rd
Reserve/North Fork Sub $340,000 $198 3 bd / 2 ba 1,714 sqft , 2026-04-23

108 Blue Sage Dr
Caughfield Ph Iv $339,000 $198 4 bd / 2 ba 1,713 sqft , 2026-05-17

809 Hilltop Dr
Oak Ridge Sec 3A $339,000 $225 3 bd / 2 ba 1,505 sqft , 2026-03-19

100 Magpie Goose Ln
Summerlyn Ph P-4b $338,000 $165 4 bd / 3 ba 2,051 sqft , 2026-07-30

1512 Dillon Lake Bnd
Block House Creek Ph D Sec 02 $342,500 $204 4 bd / 2 ba 1,678 sqft , 2026-07-23

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

$1,632/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

$67,980

20% conventional investment loan

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

Estimated Gross Rent+$1,632

Principal + Interest−$1,855

Property Tax (~2.1% TX avg)−$595

Insurance (~0.5%)−$142

Est. Monthly Cash Flow $-960

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 →

1320 Alpine Mountain Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

1320 Alpine Mountain Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

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