Active Listing  ·  125 days on market

17009 E Darleen Dr #2

Leander, TX 78641
$499,500
2 Bed 2 Bath 1,320 sqft $378/sqft Built 1960 0.41 acres 2-Car Garage Pool Waterfront Trails End Lake Travis

Tucked away on a peaceful half-acre overlooking the water, this quaint two-bedroom, two-bath lakefront home offers the perfect blend of charm, privacy, and natural beauty. From the moment you arrive, the large front porch welcomes you to slow down, breathe in the fresh air, and enjoy the quiet rhythm of lake life.

Inside, you’ll find a spacious kitchen with abundant cabinet space—ideal for cooking, gathering, and lingering over morning coffee. The oversized primary bedroom features its own ensuite bath, creating a comfortable and restful retreat at the end of the day.

Step outside and the magic continues. Custom-built stone steps lead you down to your private boat dock, with two generous landing areas designed for taking in the views, watching the sunset, or simply enjoying the peaceful surroundings. The treeline shown in the lake photos reflects the typical water level, giving you a true sense of the shoreline.

This property backs directly to the Balcones Preserve, ensuring that nothing will ever be built behind you. It’s a dream setting for nature lovers, with miles of hiking and wildlife right at your doorstep. You’ll also enjoy private access to the park, and with no HOA, you have the freedom to live the way you want—no restrictions, no hassle.

A well sits on the property for added flexibility, with city water available if preferred. Investors, be ready to jump on the perfect opportunity to make this home a great VRBO or AirBnB!

Whether you’re looking for a weekend getaway or a full-time lakeside haven, this charming home offers serenity, character, and a rare slice of Texas Hill Country living.

At $378/sqft, this home is priced 57% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

17009 E Darleen Dr #2, Leander, TX 78641

Property Details

Price $499,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,320 sqft
Lot Size 0.41 acres (17,768.12 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trails End Lake Travis
County Travis
Zip Code 78641
$/sqft $378/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,721.76
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT224700300
List Date April 1, 2026
Elementary School CC Mason
Middle School Cedar Park
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
24300 Cisco Trl
Round Mountain Oaks
$499,000 $509 2 bd / , ba 980 sqft , 2024-06-10
1817 Mason Creek Blvd
Mason Creek Sec 05-A
$469,000 $281 3 bd / 2 ba 1,667 sqft , 2026-07-24
24203 Fulkes Rd
Sandy Creek Ranches Ph 04
$530,000 $428 1 bd / 1 ba 1,239 sqft , 2026-04-27
408 Mesa Oaks Rd
Hidden Mesa
$534,000 $356 1 bd / 1 ba 1,500 sqft , 2026-05-29
17511 E Darleen Dr
Trails End
$450,000 $281 3 bd / 2 ba 1,604 sqft , 2026-03-19

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
$2,398/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
$99,900
20% conventional investment loan

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

Estimated Gross Rent+$2,398
Principal + Interest−$2,726
Property Tax (~2.1% TX avg)−$874
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,410

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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