Active Listing  ·  137 days on market

1520 Treasure Map Vw

Leander, TX 78641
$999,900
5 Bed 7 Bath 4,347 sqft $230/sqft Built 2025 0.27 acres 3-Car Garage Pool Palmera Ridge

A grand two-story entryway is embraced by a curved staircase and rotunda ceiling. French doors lead to the private home office. Past the utility room you enter into the vast family room lined with a wall of windows and a warming wood mantel fireplace. The morning area allows access to the extended covered backyard patio and connects to the kitchen. An island with built-in seating, a large walk-in pantry, a 6-burner range top, double wall oven, butler's pantry and access to the dining room complete the kitchen space. The primary bedroom is located off the morning area and boasts a wall of windows. French doors lead into the primary bathroom which boasts dual vanities, a freestanding tub, glass enclosed shower, and two walk-in closets. Off the family room is a private guest suite with linen closet, full bathroom, and walk-in closet. Upstairs you are greeted by three secondary bedrooms all boasting private bathrooms and walk-in closets. A large game room with a wall of windows and French doors that lead into the theatre room complete the second level. The mud room is located off the three-car garage.

At $230/sqft, this home is 5% 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

1520 Treasure Map Vw, Leander, TX 78641

Property Details

Price $999,900
Status Active Listing
Beds 5
Full Baths 5
Half Baths 2
Living Area 4,347 sqft
Lot Size 0.27 acres (11,543.4 sqft)
Year Built 2025
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Palmera Ridge
County Williamson
Zip Code 78641
$/sqft $230/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223298891
List Date March 20, 2026
Elementary School Tarvin
Middle School Danielson
High School Glenn
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 · March 20, 2026 $1,199,900
Previous ask $1,049,900
Current ask $999,900
Reduced $200,000 (-16.7%) 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
1305 Jolie Rose Bnd
Palmera Ridge
$999,900 $243 4 bd / 4 ba 4,120 sqft , 2026-05-29
3040 Whalesong Way
Leander Estates
$999,990 $267 4 bd / 5 ba 3,750 sqft , 2026-01-28
1501 Chalk Bluff Ct
Fairways At Crystal Falls Sec
$1,000,000 $238 5 bd / 5 ba 4,197 sqft , 2026-06-26
2504 Long Lasso Pass
Crystal Falls
$1,000,000 $243 4 bd / 4 ba 4,115 sqft , 2026-07-16
1532 Novara Trl
Travisso
$999,447 $210 5 bd / 6 ba 4,768 sqft , 2026-07-23

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
$4,800/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
$199,980
20% conventional investment loan

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

Estimated Gross Rent+$4,800
Principal + Interest−$5,457
Property Tax (~2.1% TX avg)−$1,750
Insurance (~0.5%)−$417
Est. Monthly Cash Flow $-2,824

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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