Active Listing  ·  30 days on market

1517 River Oak Dr

Leander, TX 78641
$320,000
4 Bed 3 Bath 1,883 sqft $170/sqft Built 1986 0.30 acres 2-Car Garage Pool OAK RIDGE SEC 1

INCREDIBLE BUYER INCENTIVES: $5500 MORTGAGE CONCESSION. Opendoor Home Loans will pay $5500 at closing towards your interest rate buydown if you finance with Opendoor Home Loans LLC. 1517 River Oak Dr is a two-story Leander home on a cul-de-sac with an open main-level layout. The kitchen features stainless steel appliances and generous cabinet and counter space for meal preparation. A fireplace anchors the main living area, adding warmth and a natural focal point. The primary bedroom pairs with a bathroom that includes double sinks, a separate tub, and a walk-in shower for daily routines. Additional bedrooms provide comfortable proportions with natural light. A rear patio extends the living space to the fully fenced backyard, and a two-car garage completes this well-maintained residence with practical amenities throughout every room.. Included 100-Day Home Warranty with buyer activation

At $170/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

1517 River Oak Dr, Leander, TX 78641

Property Details

Price $320,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,883 sqft
Lot Size 0.30 acres (13,198.68 sqft)
Year Built 1986
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision OAK RIDGE SEC 1
County Williamson
Zip Code 78641
$/sqft $170/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,091.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240153586
List Date July 16, 2026
Elementary School Pleasant Hill
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 →

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 · July 16, 2026 $330,000
Current ask $320,000
Reduced $10,000 (-3.0%) 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
910 Port Daniel Dr
Block House Crk Ph F Sec 01
$324,900 $215 3 bd / 3 ba 1,508 sqft , 2026-06-26
609 Golden Gate Dr
Horizon Park Sec 6
$315,000 $185 3 bd / 2 ba 1,701 sqft , 2026-07-10
104 Grant Ct
Horizon Park Sec 2
$314,999 $201 3 bd / 2 ba 1,569 sqft , 2026-07-13
400 Ashbury Dr
Horizon Park Sec 5
$327,000 $239 3 bd / 2 ba 1,370 sqft , 2026-07-21
809 Hilltop Dr
Oak Ridge Sec 3A
$329,000 $219 3 bd / 2 ba 1,505 sqft , 2026-03-19

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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 August 13, 2026.

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