Active Listing  ·  180 days on market

1620 Holly Lake Dr

Leander, TX 78641
$338,500
3 Bed 2 Bath 1,680 sqft $201/sqft Built 2022 0.12 acres 2-Car Garage Pool Reserve at North Fork Sub

Tucked inside the desirable Reserve at North Fork in Leander, this stylish single-story home showcases eye-catching modern black-and-white siding and a welcoming front porch. Thoughtfully designed with a seamless flow, the floor plan features a dedicated office at the front—perfect for working from home or a quiet retreat.

The heart of the home opens to a spacious kitchen, dining, and living area, complete with an island, granite countertops, gas range, and a new Bosch dishwasher—ideal for both everyday living and entertaining. The private primary suite is complemented by two additional bedrooms, offering flexibility for guests, family, or hobbies. Step outside to a covered back patio, perfect for relaxing or hosting gatherings year-round. Conveniently located just minutes from the Leander Rail Station, with easy access to 183, and close to grocery stores, dining, and local coffee shops, this home blends modern style with everyday convenience in one of Leander’s growing communities and top rated Leander ISD.

At $201/sqft, this home is 15% 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

1620 Holly Lake Dr, Leander, TX 78641

Property Details

Price $338,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,680 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Reserve at North Fork Sub
County Williamson
Zip Code 78641
$/sqft $201/sqft
Days on Market ,
HOA $85/Monthly
Annual Tax Est. $7,677.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223911096
List Date March 26, 2026
Elementary School Jim Plain
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.

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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 · March 26, 2026 $375,000
Previous ask $339,000
Current ask $338,500
Reduced $36,500 (-9.7%) 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
913 Whitley Dr
Benbrook Ranch Sec 01 Ph 02
$335,000 $178 4 bd / 3 ba 1,878 sqft , 2026-06-01
1105 SOUTH BROOK Dr
BENBROOK RANCH
$335,000 $188 3 bd / 2 ba 1,782 sqft , 2026-08-12
1600 Hope Ranch Rd
Reserve at North Fork
$343,000 $203 3 bd / 2 ba 1,688 sqft , 2026-01-07
1521 Hope Ranch Rd
Reserve/North Fork Sub
$330,000 $193 3 bd / 2 ba 1,714 sqft , 2026-04-23
713 Ranchero Rd
Estates North Creek Ranch Sec 01
$330,000 $168 3 bd / 2 ba 1,970 sqft , 2026-08-26

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
$1,625/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
$67,700
20% conventional investment loan

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

Estimated Gross Rent+$1,625
Principal + Interest−$1,847
Property Tax (~2.1% TX avg)−$592
Insurance (~0.5%)−$141
Est. Monthly Cash Flow $-955

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 September 16, 2026.

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