Active Listing  ·  164 days on market

14410 & 14380 Hero Way None W

Leander, TX 78641
$1,050,000
4 Bed 2 Bath 2,599 sqft $404/sqft Built 1998 2.30 acres 2-Car Garage Pool None

**Wow!** Two residences are located on this +/- 2.94 acre transitional land property in the City of Leander. There are two tracts included in the sale – the first is the main residence on 2.29 acres. Built in 1998, this home has 2,599 square feet with 4 bedrooms, 2 baths and a garage. The second tract, located at 14380 Hero Way W, has 0.64 acres and has a home dating from 1925 with 2,388 SF ready for updates. These lots, located in the City of Leander, are currently zoned SFR, but are shown in Leander’s Future Land Use Map as being in the “Multi-Use Corridor - Priority Corridor”. The Leander 2020 Comprehensive Plan identifies this corridor as intended for mixed-use areas, for example mentioning: “Commercial retail, office, personal service uses, and restaurants, including drive-throughs. These could be stand-alone individual parcels if they are pre-existing or as part of a larger retail center. Near highway intersections and adjacent to Employment Mixed Use/Activity Centers, hotels, grocery stores and similar regional uses may also be appropriate.” The Property would need to be rezoned for a change of use. Rent the home(s) out to reduce holding costs, bring your small business, enjoy a live-work scenario, or hold for long-term appreciation.

At $404/sqft, this home is priced 68% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

14410 & 14380 Hero Way None W, Leander, TX 78641

Property Details

Price $1,050,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,599 sqft
Lot Size 2.30 acres (100,122.66 sqft)
Year Built 1998
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision None
County Williamson
Zip Code 78641
$/sqft $404/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,487
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220163955
List Date February 21, 2026
Elementary School Bagdad
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
2948 Redwood Grv
Leander Estates
$1,046,990 $300 4 bd / 5 ba 3,488 sqft , 2026-07-30
1700 Jackpot Run
Fairways At Crystal Falls Sec
$1,040,000 $313 4 bd / 4 ba 3,321 sqft , 2026-06-05
1612 High Lonesome None
Grand Mesa At Crystal Falls II
$1,100,000 $354 4 bd / 4 ba 3,106 sqft , 2026-07-14
7600 Deer Run
Volente Heights
$999,900 $387 3 bd / 3 ba 2,586 sqft , 2025-07-01
22303 Honeycomb Ln
Honeycomb Hills / Roundmountain Oaks
$995,000 $327 4 bd / 3 ba 3,041 sqft , 2025-10-05

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
$5,040/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
$210,000
20% conventional investment loan

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

Estimated Gross Rent+$5,040
Principal + Interest−$5,730
Property Tax (~2.1% TX avg)−$1,838
Insurance (~0.5%)−$438
Est. Monthly Cash Flow $-2,966

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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