Active Listing  ·  103 days on market

1521 Hope Ranch Rd

Leander, TX 78641
$340,000
3 Bed 2 Bath 1,714 sqft $198/sqft Built 2022 0.13 acres 2-Car Garage Pool Reserve/North Fork Sub

This beautifully designed single-story home comes with HOA fees that include free internet, adding both value and convenience.

Featuring 3 bedrooms and a spacious study with French doors, this home offers the perfect space for a home office or flexible living. Wood flooring flows throughout the main living areas, creating a warm and inviting feel.

The open-concept design includes a bright family room filled with natural light, a separate dining area, and a chef-inspired kitchen that’s perfect for everyday living and entertaining.

Enjoy outdoor living on the covered back porch overlooking the backyard—ideal for relaxing or gathering with family and friends.

At $198/sqft, this home is 18% 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

1521 Hope Ranch Rd, Leander, TX 78641

Property Details

Price $340,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,714 sqft
Lot Size 0.13 acres (5,445 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Reserve/North Fork Sub
County Williamson
Zip Code 78641
$/sqft $198/sqft
Days on Market ,
HOA $83/Monthly
Annual Tax Est. $6,616.27
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227493953
List Date April 23, 2026
Elementary School Jim Plain
Middle School Knox Wiley
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 →

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
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
108 Blue Sage Dr
Caughfield Ph Iv
$339,000 $198 4 bd / 2 ba 1,713 sqft , 2026-05-17
809 Hilltop Dr
Oak Ridge Sec 3A
$339,000 $225 3 bd / 2 ba 1,505 sqft , 2026-03-19
100 Magpie Goose Ln
Summerlyn Ph P-4b
$338,000 $165 4 bd / 3 ba 2,051 sqft , 2026-07-30

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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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