Active Listing  ·  39 days on market

1340 Castalo Ln

Leander, TX 78641
$475,000
3 Bed 3 Bath 2,052 sqft $231/sqft Built 2020 0.19 acres 2.5-Car Garage Pool Travisso

Meticulously kept single story home set in the beautiful hill country in Travisso. This single story home is set in a cul de saq with a nice open lot on the left hand side. The home features a nice wide open floor plan with a large kitchen with plenty of counter top (quatrz) space for entraining and a large island w/ custom butcher block counter top. The kitchen flows seamlessly into the. dining area then the large living room. The home has LVP flooring through out the common living areas. If you love natural light then this place if for you. The home has plenty of energy efficient windows with the three panel sliding glass door to the back yard. The oversized primary bedroom features a large custom walk in closet. The oversized 2.5 car garage is perfect for storage and still having space for two vehicles. The home also has a the Pentair Sensa Pro Water Treatment System water filtration and softening system.

At $231/sqft, this home is 4% 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

1340 Castalo Ln, Leander, TX 78641

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,052 sqft
Lot Size 0.19 acres (8,437.57 sqft)
Year Built 2020
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travisso
County Travis
Zip Code 78641
$/sqft $231/sqft
Days on Market ,
HOA $540/Semi-Annually
Annual Tax Est. $15,111.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237768880
List Date June 26, 2026
Elementary School CC Mason
Middle School Running Brushy
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 →

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 · June 26, 2026 $500,000
Current ask $475,000
Reduced $25,000 (-5.0%) 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
416 Mistflower Springs Dr
Oak Creek Ph 5
$475,000 $182 3 bd / 2 ba 2,607 sqft , 2026-02-05
1428 Macfarland St
Mason Hills
$475,000 $242 4 bd / 2 ba 1,965 sqft , 2026-06-17
1209 Willie Ranch Way
Bryson
$475,000 $173 4 bd / 3 ba 2,743 sqft , 2026-07-10
2313 Spokane Dr
Cedar Brook
$474,990 $195 4 bd / 3 ba 2,441 sqft , 2026-07-27
1920 LAZY ACRES St
Rosenbusch Ranch
$473,990 $187 4 bd / 3 ba 2,539 sqft , 2026-04-28

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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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