Active Listing  ·  150 days on market

1517 Novara Trl

Leander, TX 78641
$883,733
5 Bed 5 Bath 4,304 sqft $205/sqft Built 2026 0.22 acres 2-Car Garage Pool New Construction Travisso

What's Special: Primary Retreat | Game Room & Media | Covered Patio | Dedicated Study. New Construction – Ready Now! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Arabella at 1517 Novara Trail in Travisso! A study and formal dining room welcome you at the front of the home, while the great room, gourmet kitchen, and casual dining area come together in an open, inviting layout. A private guest suite with an attached bath and walk-in closet offers flexibility, while the nearby laundry room adds convenience. The main-level primary suite features dual sinks, a mudset shower, drop-in tub, and spacious walk-in closet. Upstairs, three secondary bedrooms, two full baths, a game room, media room, and tech space provide plenty of room for work, play, and relaxation. 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: Exterior gas line, rectangle bathtub at hall bath, 8' interior doors, at second floor, black vinyl sliding door unit, rectangle drop-in tub at primary bath, pre-plumb sink at laundry.

At $205/sqft, this home is 11% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1517 Novara Trl, Leander, TX 78641

Property Details

Price $883,733
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,304 sqft
Lot Size 0.22 acres (9,713.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travisso
County Travis
Zip Code 78641
$/sqft $205/sqft
Days on Market ,
HOA $540/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236393711
List Date June 15, 2026
Elementary School CC Mason
Middle School Running Brushy
High School Cedar Park
School District Leander ISD

Leander ISD

CC Mason · Running Brushy · Cedar Park

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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 15, 2026 $1,083,733
Previous ask $918,733
Current ask $883,733
▼ Reduced $200,000 (-18.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2312 Vittoria Vw
Travisso
$891,035 $193 5 bd / 6 ba 4,611 sqft , 2026-06-15
5325 Bellano Bnd
Travisso - Siena Collection
$899,000 $225 4 bd / 5 ba 3,987 sqft , 2026-09-29
1640 Alasio Dr
Travisso
$905,570 $211 5 bd / 5 ba 4,300 sqft , 2026-07-16
1316 Da Vinci Trl
Travisso Ph 3 Sec 4
$850,000 $186 5 bd / 6 ba 4,579 sqft , 2026-04-07
908 Siena Sunset Rd
Travisso
$850,000 $251 4 bd / 5 ba 3,380 sqft , 2026-05-21

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
$4,242/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
$176,747
20% conventional investment loan

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

Estimated Gross Rent+$4,242
Principal + Interest−$4,823
Property Tax (assumed ~2.1%)−$1,547
Insurance (assumed ~0.5%)−$368
Est. Monthly Cash Flow $-2,496

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 · 41 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. The written content was last updated on October 21, 2026.

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

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