Active Listing  ·  12 days on market

1512 Dillon Lake Bnd

Leander, TX 78641
$342,500
4 Bed 2 Bath 1,678 sqft $204/sqft Built 2001 0.14 acres 2-Car Garage Pool Block House Creek Ph D Sec 02

Nestled in an unbeatable location just minutes from shopping, dining, and all the neighborhood amenities, this beautifully maintained single-story home offers the perfect blend of comfort, style, and convenience. Filled with natural light, the open-concept floorplan creates an inviting space that's ideal for both everyday living and entertaining. A formal dining room provides the flexibility to serve as a home office, second living area, or playroom to fit your lifestyle.

The spacious primary suite is a true retreat, featuring a walk-in closet with custom built-ins and a stunning spa-inspired bathroom remodeled in 2024 with a huge walk-in shower, Japanese soaking tub, and abundant storage. Step outside to a meticulously maintained backyard complete with a covered patio and endless possibilities for relaxing, entertaining, or creating your own outdoor oasis.

Enjoy peace of mind with numerous recent upgrades, including a new roof (2020), water heater (2021), & HVAC system (2022), making this home truly move-in ready. With its exceptional location, thoughtful updates, and functional single-story layout, this is one you won't want to miss.

At $204/sqft, this home is 15% below the Leander active market average of $241/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1512 Dillon Lake Bnd, Leander, TX 78641

Property Details

Price $342,500
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,678 sqft
Lot Size 0.14 acres (6,011.28 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Block House Creek Ph D Sec 02
County Williamson
Zip Code 78641
$/sqft $204/sqft
Days on Market ,
HOA $135/Annually
Annual Tax Est. $7,431.24
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240800734
List Date July 23, 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.

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
1521 Hope Ranch Rd
Reserve/North Fork Sub
$340,000 $198 3 bd / 2 ba 1,714 sqft , 2026-04-23
341 Blue Sage Dr
LARKSPUR
$345,000 $161 4 bd / 3 ba 2,141 sqft , 2026-06-12
46 Snowy Plover Ln
Summerlyn West
$345,000 $188 3 bd / 3 ba 1,837 sqft , 2026-07-23
1320 Alpine Mountain Dr
Lakeline Ranch Ph 05
$339,900 $216 3 bd / 2 ba 1,577 sqft , 2026-04-02
380 Blue Sage Dr
Larkspur
$339,900 $157 4 bd / 3 ba 2,162 sqft , 2026-05-06

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
$1,644/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
$68,500
20% conventional investment loan

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

Estimated Gross Rent+$1,644
Principal + Interest−$1,869
Property Tax (~2.1% TX avg)−$599
Insurance (~0.5%)−$143
Est. Monthly Cash Flow $-967

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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