Active Listing  ·  19 days on market

1640 Alasio Dr

Leander, TX 78641
$957,080
5 Bed 5 Bath 4,300 sqft $223/sqft Built 2026 0.24 acres 2-Car Garage Pool Travisso

What's Special: Primary Retreat | Close to Amenity | Game Room and Media | 2-Story Great Rm with Fireplace. New Construction – September Completion! Built by Taylor Morrison, America's Most Trusted Home Builder. Welcome to the Arabella at 1640 Alasio Drive in Travisso! This stunning new home opens with a grand foyer featuring a graceful curved stairway, a dedicated study, and a formal dining room that connects to the kitchen through a butler’s pantry. At the heart of the home, the great room offers a cozy fireplace and soaring ceiling that flow effortlessly into the gourmet kitchen and dining area. Off the dining area, you’ll find a secondary bedroom with its own walk-in closet and en-suite bath, along with the laundry room. The main level primary suite feels luxurious with a spacious sitting room, spa-like en-suite bath with a slide-in tub, and an expansive walk-in closet. Upstairs, three additional bedrooms with walk-in closets, two full bathrooms, a tech space, media room, and a game room with access to an outdoor balcony complete this impressive layout. Experience refined Hill Country living at Travisso in Leander, one of the Austin area's most prestigious communities. Known for its breathtaking views, upscale amenities, and elevated lifestyle, Travisso offers a distinguished setting surrounded by rolling hills with convenient access to Austin. Residents enjoy two exceptional amenity centers featuring a resort-style pool, fitness center, splash pad, tennis courts, and inviting open-air gathering spaces. With more than 350 acres of preserved open space and top-rated schools, Travisso offers an unparalleled Hill Country lifestyle! Additional Highlights Include: Covered upstairs balcony, covered patio, sliding door at great room, mud-set shower at bath 4, 8' interior doors at second floor, and drop-in tub at primary bath. Photos are for representative purposes only.

At $223/sqft, this home is 7% 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

1640 Alasio Dr, Leander, TX 78641

Property Details

Price $957,080
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,300 sqft
Lot Size 0.24 acres (10,450.04 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travisso
County Travis
Zip Code 78641
$/sqft $223/sqft
Days on Market ,
HOA $540/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240169629
List Date July 16, 2026
Elementary School CC Mason
Middle School Running Brushy
High School Cedar Park
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
3109 Honeywood Dr
Leander Estates Ph 1
$959,000 $302 4 bd / 3 ba 3,180 sqft , 2026-06-01
1848 Harvest Dance Dr
Fairways At Crystal Falls Sc3 P
$950,000 $260 4 bd / 4 ba 3,648 sqft , 2026-03-30
4513 Vieste Vw
Travisso Ph 3 Sec 1 3
$950,000 $257 4 bd / 5 ba 3,700 sqft , 2026-05-04
933 Trevi Fontana Dr
TRAVISSO PHS 3 SEC 8
$950,000 $241 4 bd / 4 ba 3,940 sqft , 2026-07-24
1529 Jolie Rose Bnd
Palmera Ridge
$949,900 $251 4 bd / 5 ba 3,792 sqft , 2026-05-29

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
$4,594/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
$191,416
20% conventional investment loan

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

Estimated Gross Rent+$4,594
Principal + Interest−$5,223
Property Tax (~2.1% TX avg)−$1,675
Insurance (~0.5%)−$399
Est. Monthly Cash Flow $-2,703

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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