Active Listing  ·  56 days on market

1640 River Plateau Dr

Leander, TX 78641
$398,509
3 Bed 3 Bath 2,200 sqft $181/sqft Built 2026 0.18 acres 2-Car Garage Pool River Bluff

This inviting, two-story home showcases an open floor plan with stylish luxury vinyl plank flooring and a spacious great room for entertaining guests and enjoying everyday living. The kitchen impresses with flat-panel upper cabinets, chic tile backsplash and Silestone® countertops, offering both elegance and durability. Upstairs, a versatile loft is ready to be customized to fit your lifestyle. The primary bedroom features plush carpeting, a convenient walk-in closet and connecting bath that offers a dual-sink vanity, tile flooring, a relaxing tub and luxurious walk-in shower with tile surround. Additional highlights include a smart thermostat, Sherwin-Williams® interior paint, modern Moen® fixtures and ceiling fans at great room and primary bedroom. Experience outdoor living on the covered back patio.

At $181/sqft, this home is 24% 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

1640 River Plateau Dr, Leander, TX 78641

Property Details

Price $398,509
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,200 sqft
Lot Size 0.18 acres (7,810.31 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision River Bluff
County Williamson
Zip Code 78641
$/sqft $181/sqft
Days on Market ,
HOA $900/Annually
Annual Tax Est. $2,069.96
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241648394
List Date July 29, 2026
Elementary School Rancho Sienna
Middle School Liberty Hill (Liberty Hill)
High School Liberty Hill
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 →

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 · July 29, 2026 $405,414
Previous ask $402,509
Current ask $398,509
Reduced $6,905 (-1.7%) 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
2221 Four Waters Loop
Lively Ranch
$400,000 $183 3 bd / 3 ba 2,182 sqft , 2025-11-18
212 La Grotta Ln
RANCHO SIENNA
$385,000 $192 3 bd / 2 ba 2,006 sqft , 2026-06-17
2224 Bonavista Way
Palmera Ridge Sec 4
$415,000 $222 3 bd / 2 ba 1,867 sqft , 2026-09-01
1724 River Plateau Dr
River Bluff
$419,397 $173 4 bd / 3 ba 2,429 sqft , 2026-07-30
2204 Bonavista Way
Palmera Ridge
$419,900 $191 3 bd / 3 ba 2,199 sqft , 2026-07-09

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
$1,913/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
$79,702
20% conventional investment loan

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

Estimated Gross Rent+$1,913
Principal + Interest−$2,175
Property Tax (~2.1% TX avg)−$697
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,125

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

More Luxury Homes in Leander

Loading…
View All Luxury Homes →
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 11, 2026.

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