Active Listing  ·  15 days on market

16712 Shipshaw River Dr

Leander, TX 78641
$320,000
3 Bed 2 Bath 1,871 sqft $171/sqft Built 1997 0.17 acres 2-Car Garage Pool BLOCK HOUSE CREEK PH E SEC 612

INCREDIBLE BUYER INCENTIVES: $5,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $5,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC.

16712 Shipshaw River Dr is a single-story Leander home with three bedrooms, two bathrooms and over 1,800 sq ft of living space. A covered deck extends along the rear of the home, with steps leading into the backyard. The main living area centers on a fireplace and has French doors opening outside. A kitchen peninsula faces the adjoining dining nook, with an arched opening connecting the gathering spaces. A separate front living area provides additional room beyond the main living space. The primary suite includes a walk-in closet and a bathroom with dual sinks, a tub and a separate shower. An attached two-car garage completes the home. Included 100-Day Home Warranty with buyer activation

At $171/sqft, this home is 26% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

16712 Shipshaw River Dr, Leander, TX 78641

Property Details

Price $320,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,871 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision BLOCK HOUSE CREEK PH E SEC 612
County Williamson
Zip Code 78641
$/sqft $171/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,900.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251017678
List Date October 28, 2026
Elementary School Block House
Middle School Knox Wiley
High School Rouse
School District Leander ISD

Leander ISD

Block House · Knox Wiley · Rouse

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
1402 Molson Lake Dr
Block House Creek Ph D Sec 05
$312,000 $208 3 bd / 3 ba 1,497 sqft , 2026-09-17
1109 Chardonnay Xing
Vineyard At Block House Creek
$330,000 $179 3 bd / 2 ba 1,842 sqft , 2026-09-17
910 Port Daniel Dr
Block House Crk Ph F Sec 01
$309,000 $205 3 bd / 3 ba 1,508 sqft , 2026-06-26
1405 Mojave Bnd
Block House Ceeek Ph D Sec 05
$334,400 $166 3 bd / 3 ba 2,014 sqft , 2026-04-20
1213 Pine Portage Loop
Block House Crk Ph F Sec 02
$338,500 $185 3 bd / 3 ba 1,829 sqft , 2026-10-21

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (assumed ~2.1%)−$560
Insurance (assumed ~0.5%)−$133
Est. Monthly Cash Flow $-903

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 · 41 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. The written content was last updated on November 11, 2026.

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

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