Active Listing  ·  19 days on market

133 Empress Tree Dr

Leander, TX 78641
$340,000
4 Bed 3 Bath 2,502 sqft $136/sqft Built 2020 0.14 acres 2-Car Garage Pool LARKSPUR

Located on a cul-de-sac in Larkspur, this 2,374 square-foot home delivers a rare combination of size, flexibility, and value in one of Leander’s most conveniently located communities. Costco, Target, H-E-B, Home Depot, and additional shopping and dining options are all nearby, making everyday errands and commuting easier.

The highly sought-after floorplan includes four full bedrooms and three full bathrooms, with three bedrooms—including the primary suite—and two full bathrooms located on the main level. Upstairs, a private fourth bedroom, full bathroom, and spacious gameroom create an ideal arrangement for guests, extended stays, a home office, or a separate living space.

Vaulted ceilings elevate the main living area, creating an open and airy atmosphere with plenty of room to gather, entertain, and move comfortably between the kitchen, dining, and living spaces. The home’s thoughtful separation of bedrooms and secondary living areas provides flexibility that is difficult to find at this size and price point.

Larkspur residents enjoy an extensive collection of neighborhood amenities, including two swimming pools, a splash pad, two fitness centers, a clubhouse, two playgrounds, a half basketball court, walking and biking trails, and access to the San Gabriel River. The home is zoned to Larkspur Elementary, Danielson Middle School, and Glenn High School. HOA dues are approximately $60 per month, with a current property tax rate of approximately 2.53%.

At $136/sqft, this home is 43% 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

133 Empress Tree Dr, Leander, TX 78641

Property Details

Price $340,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,502 sqft
Lot Size 0.14 acres (6,277 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision LARKSPUR
County Williamson
Zip Code 78641
$/sqft $136/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $10,294.31
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245534053
List Date September 4, 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 · September 4, 2026 $350,000
Current ask $340,000
Reduced $10,000 (-2.9%) 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
216 Wild Sage Ln
Orchard Ridge
$337,000 $194 3 bd / 2 ba 1,734 sqft , 2026-06-20
204 Lambert St
Larkspur
$343,000 $199 4 bd / 2 ba 1,720 sqft , 2026-07-24
132 Walkup Ln
Larkspur
$334,000 $196 4 bd / 2 ba 1,704 sqft , 2026-04-23
136 Fire Wheel Pass
Orchard Ridge
$348,000 $182 4 bd / 2 ba 1,909 sqft , 2026-07-20
172 Brady Creek Way
Larkspur
$349,000 $146 4 bd / 3 ba 2,390 sqft , 2026-02-17

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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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 · 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 20, 2026.

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