Active Listing  ·  11 days on market

140 Syrah Ct

Leander, TX 78641
$355,000
3 Bed 2 Bath 1,857 sqft $191/sqft Built 2018 0.14 acres 2-Car Garage Pool Highland Terrace Ph 1

***VA ASSUMABLE LOAN OPPORTUNITY WITH 6.073% FIXED RATE! VA Buyer must qualify with current servicer and cover the equity gap via cash or separate financing. 0.5% VA funding fee may apply. Contact agent for full assumption guidelines and details.*** Welcome home to 140 Syrah Court! Nestled in a quiet street within the highly desirable Grayson community of Leander, this meticulously maintained 3-bedroom, 2-bathroom home combines modern design with everyday functionality. Built in 2018 by Century Communities, the 1,857 sq. ft. open-concept layout is filled with natural light and features great curb appeal. The heart of the home is a spacious kitchen equipped with a large central island, granite countertops, and a stylish herringbone tile backsplash—perfect for entertaining. Off of the living room is a flex room that is perfect for a home office, 4th bedroom, 2nd living area or playroom. A dedicated study off the entryway offers the perfect flexible space for a home office, gym, or playroom. Retreat to the private primary suite complete with an oversized walk-in closet. Step outside to a covered back patio and a generous, private backyard ideal for outdoor gatherings. Residents enjoy exceptional neighborhood amenities, including a vibrant community pool and scenic, walkable streets. Located in a prime, fast-growing corridor, this home offers unbeatable convenience just minutes from the Leander MetroRail Station for an easy downtown Austin commute, H-E-B Plus!, and fantastic new retail hubs nearby—including Costco Liberty Hill and the brand-new, massive Target at Seward Junction. Enjoy a seamless mix of neighborhood charm and ultimate suburban convenience.

At $191/sqft, this home is 17% 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

140 Syrah Ct, Leander, TX 78641

Property Details

Price $355,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,857 sqft
Lot Size 0.14 acres (6,041.77 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Highland Terrace Ph 1
County Williamson
Zip Code 78641
$/sqft $191/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251445824
List Date November 1, 2026
Elementary School Larkspur
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

Larkspur · 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
117 Deserti Rd
WILDLEAF
$360,000 $184 3 bd / 3 ba 1,952 sqft , 2026-04-15
141 Parryi Cv
Wildleaf
$360,000 $191 4 bd / 2 ba 1,885 sqft , 2025-08-11
234 Freeman Ranch St
Larkspur
$360,000 $214 3 bd / 2 ba 1,683 sqft , 2026-09-09
160 Red Buckeye Loop
Orchard Ridge
$349,900 $144 4 bd / 4 ba 2,428 sqft , 2026-07-30
128 Dunlin Ln
LARKSPUR
$349,000 $145 4 bd / 3 ba 2,402 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
$1,704/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
$71,000
20% conventional investment loan

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

Estimated Gross Rent+$1,704
Principal + Interest−$1,937
Property Tax (assumed ~2.1%)−$621
Insurance (assumed ~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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 November 11, 2026.

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

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