About This Home

The single-story design of 161 Mallard Lane anchors this Leander property, offering three bedrooms, two full bathrooms.

Situated on a 0.14-acre lot with NO BACK NEIGHBOORS. The property provides convenient access to the toll road for travel to Austin and nearby entertainment venues.

Professional Photos Coming Soon.

This residence represents the lowest-priced option in the area, positioned less than five minutes from the new Target and Costco.

At $210/sqft, this home is 11% below the Leander active market average of $237/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

161 Mallard Ln, Leander, TX 78641

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Property Details

Price $249,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,192 sqft

Lot Size 0.14 acres (6,011.28 sqft)

Year Built 2013

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Summerlyn

County Williamson

Zip Code 78641

$/sqft $210/sqft

Days on Market ,

HOA $372/Annually

Annual Tax Est. $6,215.53

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT247161168

List Date September 17, 2026

Elementary School North

Middle School Danielson

High School Glenn

School District ,

Have Questions About This Property?

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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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

105 Syrah Ct
HIGHLAND TERRACE PH 1 $250,000 $201 3 bd / 2 ba 1,243 sqft , 2026-07-23

604 Mourning Dove Ln
Summerlyn Ph L-4 $299,000 $241 3 bd / 2 ba 1,240 sqft , 2026-04-09

224 Trellis Blvd
Highland Terrace Ph 1 $300,000 $194 3 bd / 2 ba 1,545 sqft , 2026-06-24

341 Ancellotta Way
Highland Terrace $305,000 $245 3 bd / 2 ba 1,243 sqft , 2026-07-05

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

$1,200/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

$49,980

20% conventional investment loan

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

Estimated Gross Rent+$1,200

Principal + Interest−$1,364

Property Tax (~2.1% TX avg)−$437

Insurance (~0.5%)−$104

Est. Monthly Cash Flow $-705

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 →

About the Author

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 September 20, 2026.

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

161 Mallard Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

161 Mallard Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

Explore Austin Real Estate