Active Listing  ·  12 days on market

1505 Novara Trl

Leander, TX 78641
$969,220
5 Bed 5 Bath 4,111 sqft $236/sqft Built 2026 0.21 acres 3-Car Garage Pool Travisso

What's Special: 3-Car Garage | Flat Lot | Game Room & Media | Close to Amenity. New Construction – September Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Larimar at 1505 Novara Trail in Travisso! Discover this inviting new home with an open concept floor plan filled with natural light and thoughtful spaces for everyone. Step inside from the covered front porch into a welcoming foyer flanked by a private study and a formal dining room with direct access to the kitchen through the butler's pantry. Just off the main foyer and garage entry is a secondary bedroom with an attached bathroom. At the heart of the home, the great room with a cozy fireplace flows into the kitchen with its center island and the casual dining room, all leading out to a covered patio overlooking the backyard. The secluded primary suite is tucked toward the back of the main floor and features a spa like bathroom with a soaking tub, a separate shower, two separate vanities, and a sizeable closet. Upstairs, you will find a large game room, a cozy media room, and three secondary bedrooms. Experience refined Hill Country living at Travisso in Leander, one of the Austin area's most prestigious communities. Known for its breathtaking views, upscale amenities, and elevated lifestyle, Travisso offers a distinguished setting surrounded by rolling hills with convenient access to Austin. Residents enjoy two exceptional amenity centers featuring a resort-style pool, fitness center, splash pad, tennis courts, and inviting open-air gathering spaces. With more than 350 acres of preserved open space and top-rated schools, Travisso offers an unparalleled Hill Country lifestyle! Additional Highlights Include: 3-car garage, and a covered balcony. Photos are for representative purposes only.

At $236/sqft, this home is priced in line with the Leander market average of $241/sqft across 673 active listings. View Austin market report →

Location

1505 Novara Trl, Leander, TX 78641

Property Details

Price $969,220
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,111 sqft
Lot Size 0.21 acres (9,099.68 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travisso
County Travis
Zip Code 78641
$/sqft $236/sqft
Days on Market ,
HOA $540/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240989076
List Date July 23, 2026
Elementary School CC Mason
Middle School Running Brushy
High School Cedar Park
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
2112 Vittoria Vw
Travisso Ph 4 Sec 5
$972,000 $222 5 bd / 5 ba 4,370 sqft , 2026-06-14
1401 Jolie Rose Bnd
Palmera Ridge
$965,862 $283 5 bd / 6 ba 3,408 sqft , 2026-05-09
3172 Green Grange Ln
Leander Estates
$974,950 $252 4 bd / 5 ba 3,872 sqft , 2026-02-08
4104 Belisario Ct
Travisso
$975,000 $264 4 bd / 5 ba 3,694 sqft , 2025-10-16
3636 Walkaloosa Way
Bonnet Tr Sub
$975,000 $264 5 bd / 4 ba 3,693 sqft , 2026-06-16

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
$4,652/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
$193,844
20% conventional investment loan

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

Estimated Gross Rent+$4,652
Principal + Interest−$5,289
Property Tax (~2.1% TX avg)−$1,696
Insurance (~0.5%)−$404
Est. Monthly Cash Flow $-2,737

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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