Active Listing  ·  158 days on market

1601 Coronado None

Leander, TX 78641
$1,195,000
5 Bed 4 Bath 3,370 sqft $355/sqft Built 2003 1.04 acres 3-Car Garage Pool Grand Mesa At Crystal Falls

Welcome to this exceptional 5-bedroom, 3 full bath, and 1 half bath home offering 3,370 square feet of refined living space in the highly desirable Crystal Falls at Grand Mesa. Thoughtfully designed with a two-story layout, this home features both a private primary suite and a convenient in-law suite on the main level—perfect for multi-generational living or hosting guests. From the moment you arrive, you’ll be captivated by the beautifully landscaped, park-like setting. Situated on over an acre and fully enclosed with elegant wrought iron fencing, the property showcases extensive stone flower beds, mature palm, pecan, oak, and magnolia trees, and lush, meticulously maintained grounds. Step outside to your private backyard oasis—designed for both relaxation and entertaining. Enjoy a sparkling pool and hot tub, newly updated with gunite and pool coping, alongside a cabana complete with a drop-down TV. The covered patio and extended deck offer ample space for outdoor gatherings, all beautifully illuminated by OELO exterior automatic lighting. Additional highlights include: Inside, craftsmanship and upgrades abound. Rich bird’s-eye Brazilian hardwood floors, Saltillo tile, and recently updated carpet create a warm, timeless feel, complemented by fresh interior paint and sophisticated triple crown molding. The gourmet kitchen features level 3 granite countertops and seamlessly flows into both formal and casual living spaces, all enhanced by custom window treatments. Other upgrades include: Class 5 synthetic roof with a 50-year warranty, Recent HVAC system replacement, Extensive outdoor living enhancements throughout. This one-of-a-kind property blends luxury, comfort, and resort-style amenities in a serene and spacious setting. A rare opportunity in Grand Mesa at Crystal Falls! THIS ONE IS A MUST SEE

At $355/sqft, this home is priced 54% above the Leander active market average of $230/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1601 Coronado None, Leander, TX 78641

Property Details

Price $1,195,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 3,370 sqft
Lot Size 1.04 acres (45,302.4 sqft)
Year Built 2003
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Grand Mesa At Crystal Falls
County Travis
Zip Code 78641
$/sqft $355/sqft
Days on Market ,
HOA $50/Annually
Annual Tax Est. $9,286.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227852910
List Date June 7, 2026
Elementary School Whitestone
Middle School Leander Middle
High School Leander High
School District Leander ISD

Leander ISD

Whitestone · Leander Middle · Leander High

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 7, 2026 $1,390,000
Previous ask $1,255,000
Current ask $1,195,000
▼ Reduced $195,000 (-14.0%) 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
2409 Legend Trl
Fairways At Crystal Falls Sec
$1,145,000 $258 5 bd / 4 ba 4,435 sqft , 2026-09-09
1001 La Cantera None
Grand Mesa At Crystal Falls
$1,299,500 $357 4 bd / 4 ba 3,642 sqft , 2026-03-31
608 Brave Face St
Grand Mesa At Crystal Falls Ii
$1,075,000 $272 5 bd / 4 ba 3,956 sqft , 2026-05-01
1612 High Lonesome None
Grand Mesa At Crystal Falls II
$1,049,500 $338 4 bd / 4 ba 3,106 sqft , 2026-07-14
2504 Long Lasso Pass
Crystal Falls
$975,000 $237 4 bd / 4 ba 4,115 sqft , 2026-07-16

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
$5,736/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
$239,000
20% conventional investment loan

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

Estimated Gross Rent+$5,736
Principal + Interest−$6,522
Property Tax (assumed ~2.1%)−$2,091
Insurance (assumed ~0.5%)−$498
Est. Monthly Cash Flow $-3,375

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 November 4, 2026.

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

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