Active Listing  ·  58 days on market

1440 Brooks Way

Leander, TX 78641
$389,900
3 Bed 3 Bath 2,305 sqft $169/sqft Built 2017 0.14 acres 2-Car Garage Pool Connellys Xing Ph 4

Spacious and well-maintained 3-bedroom plus study home in Connelly's Crossing. This open-concept floor plan features soaring ceilings, abundant natural light, and a versatile study ideal for a home office, playroom, or flex space. The kitchen opens seamlessly to the living and dining areas, creating a functional layout for both everyday living and entertaining.

Interior features include granite countertops, ceramic tile flooring, and a spacious primary suite with a private bath and generous closet space. Enjoy outdoor living on the covered back patio overlooking a fully sodded yard with an irrigation system for easy maintenance.

Conveniently located near schools, parks, shopping, dining, and major commuter routes. Move-in ready and designed for comfortable living in one of Leander's growing communities.

At $169/sqft, this home is 29% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1440 Brooks Way, Leander, TX 78641

Property Details

Price $389,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,305 sqft
Lot Size 0.14 acres (6,211.66 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Connellys Xing Ph 4
County Williamson
Zip Code 78641
$/sqft $169/sqft
Days on Market ,
HOA $45/Monthly
Annual Tax Est. $7,704.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236367993
List Date June 18, 2026
Elementary School Westside
Middle School Leander Middle
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 →

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
409 Chaparral Dr
Vista Ridge
$384,900 $204 3 bd / 2 ba 1,887 sqft , 2026-04-14
220 Allegrini St
Cameros Ranch Sec 3
$399,000 $216 3 bd / 2 ba 1,845 sqft , 2026-05-15
1765 Rowdy Loop #47
Cottages At Crystal Falls Condo
$379,900 $214 2 bd / 3 ba 1,778 sqft , 2026-08-07
1425 Bovina Dr
Mason Ranch Ph 1 Sec 1
$399,999 $152 3 bd / 3 ba 2,626 sqft , 2026-04-03
2400 White Stallion Way
Lakeline Ranch Ph 07 Amd
$409,000 $176 4 bd / 2 ba 2,321 sqft , 2026-05-22

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
$1,872/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
$77,980
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (~2.1% TX avg)−$682
Insurance (~0.5%)−$162
Est. Monthly Cash Flow $-1,100

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 July 13, 2026.

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