Active Listing  ·  124 days on market

16704 Shipshaw River Cv

Leander, TX 78641
$419,900
4 Bed 3 Bath 2,024 sqft $207/sqft Built 1996 0.21 acres 2-Car Garage Pool Block House Creek Ph E Sec 612

Welcome to your quiet nest at the end of the cul-de-sac situated in the beloved Block House Creek neighborhood and inside the highly-acclaimed Leander ISD! It has been lovingly maintained and updated, and has a cozy, private tree-house feel with ample natural light.

The kitchen features a breakfast bar, stainless steel appliances, and quartz countertops. Step through the double doors into the stunning bonus room - converted from a porch by a previous owner, providing an extra 200 square feet of interior space. This room is beautifully finished out – tile floors, vinyl windows, water input, recessed lighting, and access to the backyard. Perfect for hobbies, an office, or entertaining. You'll feel comfortable and cozy year-round with the recently replaced A/C and condenser.

The lush backyard features a patio surrounded by fruit trees and raised garden beds supported by a fully automated drip irrigation system. The front yard showcases mature shade trees and native, xeriscaped landscaping for low-maintenance curb appeal.

The house is located within the Block House MUD in a section with zero HOA fees. Life in Block House Creek delivers neighborhood perks like community pools, parks, playgrounds, sports (including PICKLEBALL!) courts, ball fields, miles of walking/biking trails, acres of green space with a creek and large trees, the historic Walker House, and a pavilion and a community center that are available for Block House MUD residents to reserve for family events. Plus - easy access to major routes and shopping! It’s a great spot for families who want neighborhood amenities without sacrificing commute options. Families will appreciate proximity to Leander ISD schools serving the area, including Block House Creek Elementary, Knox-Wiley Middle, and Rouse High, all convenient to the neighborhood.

Buyer to confirm all details. Welcome Home!

At $207/sqft, this home is 13% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

16704 Shipshaw River Cv, Leander, TX 78641

Property Details

Price $419,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,024 sqft
Lot Size 0.21 acres (9,147.6 sqft)
Year Built 1996
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Block House Creek Ph E Sec 612
County Williamson
Zip Code 78641
$/sqft $207/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,383.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225411048
List Date April 14, 2026
Elementary School Block House
Middle School Knox Wiley
High School Rouse
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
1801 Vintage Dr
Ridgewood South Ph 01
$424,995 $182 4 bd / 2 ba 2,340 sqft , 2026-08-10
1612 Rossport Bnd
Block House Creek Ph D Sec 02
$390,000 $176 4 bd / 3 ba 2,215 sqft , 2026-04-02
1114 Calistoga Dr
Ridgewood South Ph 02
$450,000 $166 4 bd / 3 ba 2,710 sqft , 2026-02-27
1908 Turtle Bay Loop
CRYSTAL SPRINGS
$459,900 $245 3 bd / 2 ba 1,880 sqft , 2026-08-06
1673 Turtle Bay Loop
CRYSTAL SPRINGS
$460,000 $180 4 bd / 4 ba 2,561 sqft , 2026-06-02

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
$2,016/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
$83,980
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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 July 18, 2026.

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