Active Listing  ·  5 days on market

1402 Molson Lake Dr

Leander, TX 78641
$312,000
3 Bed 3 Bath 1,497 sqft $208/sqft Built 2004 0.14 acres 2-Car Garage Pool Block House Creek Ph D Sec 05

Discover this beautifully updated 3 bedroom, 2.5 bathroom home nestled in the sought-after Block House Creek community in Leander! Recent improvements include updated kitchen cabinets, new appliances, interior and exterior painting, new garage door, updated light fixtures, new AC (2023) and water heater (2026). Upon entering, you'll be greeted by a two-story living room featuring engineered hardwood flooring throughout. The functional eat-in kitchen, equipped with stainless steel appliances, overlooks the living area and offers direct access to the covered patio and expansive backyard, ideal for entertaining family and friends. The spacious primary suite is flooded with natural light and includes an ensuite bathroom with a vanity, a glass-enclosed shower, a soaking tub, and a generous walk-in closet. Upstairs, a large bonus room complements two additional bedrooms that share a full bathroom. Residents of Block House Creek enjoy a variety of amenities, including parks, sports fields and courts, a pool, and scenic trails. This home belongs to the Leander Independent School District and is conveniently located near entertainment, shopping, and dining options such as the H-E-B Center, Costco, Whole Foods, and 1890 Ranch, with easy access to downtown Austin via Highway 183.

At $208/sqft, this home is 12% 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

1402 Molson Lake Dr, Leander, TX 78641

Property Details

Price $312,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,497 sqft
Lot Size 0.14 acres (6,107.11 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Block House Creek Ph D Sec 05
County Williamson
Zip Code 78641
$/sqft $208/sqft
Days on Market ,
HOA $30/Quarterly
Annual Tax Est. $7,204.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246865312
List Date September 17, 2026
Elementary School Block House
Middle School Knox Wiley
High School Rouse
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.

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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
800 Lost Pines Ln
Cedar Park Towncenter
$305,000 $170 3 bd / 3 ba 1,796 sqft , 2026-09-01
910 Port Daniel Dr
Block House Crk Ph F Sec 01
$319,000 $212 3 bd / 3 ba 1,508 sqft , 2026-06-26
609 Golden Gate Dr
Horizon Park Sec 6
$299,990 $176 3 bd / 2 ba 1,701 sqft , 2026-07-10
613 Glen Valley Ln
Horizon Park Sec 03
$325,000 $192 3 bd / 2 ba 1,696 sqft , 2026-09-09
2402 Susan Ln
Settlement/Block Hse Crk Sec 0
$298,990 $219 3 bd / 2 ba 1,368 sqft , 2026-06-30

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
$1,498/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
$62,400
20% conventional investment loan

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

Estimated Gross Rent+$1,498
Principal + Interest−$1,703
Property Tax (~2.1% TX avg)−$546
Insurance (~0.5%)−$130
Est. Monthly Cash Flow $-881

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 →