Active Listing  ·  2 days on market

1703 Mimosa Ln

Leander, TX 78641
$480,000
5 Bed 3 Bath 2,354 sqft $204/sqft Built 1999 0.20 acres 2-Car Garage Pool Mason Creek Sec 02-A

Welcome to 1703 Mimosa Ln in Leander, located on a quiet cul-de-sac in the established Mason Creek community. This spacious 5-bedroom, 2.5-bath home offers approximately 2,354 square feet with a layout designed for both everyday living and entertaining.

Recent updates give the home a fresh feel, including new flooring, fresh interior paint, an updated kitchen, and an updated primary bathroom. Additional improvements include an HVAC system replaced approximately five years ago, a tankless water heater, whole-home water filtration system, and solar panels. Plus, NO HOA provides added flexibility for homeowners.

One of the property's standout features is the backyard. Large, mature oak trees provide an impressive canopy of shade, creating a comfortable setting for relaxing, entertaining, or simply enjoying the outdoors. A detached garage provides additional flexibility and storage.

Living in Mason Creek offers the character of an established neighborhood with mature trees while keeping you close to the conveniences that make Leander such a desirable place to live. Enjoy nearby parks and recreation, including Robin Bledsoe Park, along with convenient access to shopping, dining, major roadways, and Leander ISD schools.

1703 Mimosa Ln combines space, thoughtful updates, energy-efficient features, NO HOA, mature trees, and a convenient Leander location in an established and welcoming setting.

At $204/sqft, this home is 14% 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

1703 Mimosa Ln, Leander, TX 78641

Property Details

Price $480,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths 1
Living Area 2,354 sqft
Lot Size 0.20 acres (8,668.44 sqft)
Year Built 1999
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mason Creek Sec 02-A
County Williamson
Zip Code 78641
$/sqft $204/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,920.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242273442
List Date October 6, 2026
Elementary School Whitestone
Middle School Leander Middle
High School Leander High
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
1116 Wigwam None
Boulders At Crystal Falls Ph 01
$479,900 $168 4 bd / 3 ba 2,862 sqft , 2026-04-16
1428 Macfarland St
Mason Hills
$475,000 $242 4 bd / 2 ba 1,965 sqft , 2026-06-17
1601 Bovina Dr
Mason Ranch Ph 1 Sec 2
$474,990 $150 5 bd / 4 ba 3,171 sqft , 2026-06-08
1814 Paseo Verde Dr
Vista Ridge
$474,900 $178 4 bd / 3 ba 2,675 sqft , 2026-04-06
516 Eagle Canyon Dr
ROSENBUSCH RANCH
$488,340 $272 4 bd / 3 ba 1,794 sqft , 2026-09-29

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
$2,304/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
$96,000
20% conventional investment loan

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

Estimated Gross Rent+$2,304
Principal + Interest−$2,620
Property Tax (~2.1% TX avg)−$840
Insurance (~0.5%)−$200
Est. Monthly Cash Flow $-1,356

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 October 7, 2026.

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