Active Listing  ·  348 days on market

17307 E Darleen Dr

Leander, TX 78641
$1,250,000
3 Bed 2 Bath 2,124 sqft $589/sqft Built 1984 6.00 acres 3-Car Garage Pool Waterfront Trails End

Experience the ultimate in Texas Hill Country luxury at this private Lake Travis retreat, set on six pristine acres with direct DEEP water lake access. This single-story, three-bedroom, two-bathroom home combines modern comfort with resort-style living—just 35 minutes from downtown Austin.

Situated on one of the deepest sections of Lake Travis, this rare property has maintained water access even when it was at its most recent lowest in 2023 at 626 feet.. Enjoy a flat walk to the lake, perfect to add your private dock, ideal for boating, swimming, and lakeside relaxation. The expansive backyard offers a sparkling private pool with depths from 3 to 9 feet, a covered patio for outdoor entertaining, and a fire pit for starlit gatherings—all surrounded by scenic Hill Country views.

Recent updates include remodeled bathrooms, new flooring, and fresh interior paint, creating a turnkey environment ready for immediate enjoyment. The property’s proven success as a high-performing short-term rental makes it an exceptional investment opportunity, whether you’re seeking a primary residence, vacation home, or income-producing asset.

The six-acre setting offers both wooded tranquility and open recreational space—perfect for outdoor activities, events, or future expansion. Furniture is available for purchase, allowing a seamless transition into lake living or continued rental operation.

A rare combination of privacy, income potential, and enduring waterfront access, this Lake Travis estate captures the essence of luxury lake living in the Texas Hill Country.

At $589/sqft, this home is priced 149% above the Leander active market average of $237/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

17307 E Darleen Dr, Leander, TX 78641

Property Details

Price $1,250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,124 sqft
Lot Size 6.00 acres (261,355.64 sqft)
Year Built 1984
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trails End
County Travis
Zip Code 78641
$/sqft $589/sqft
Days on Market ,
HOA $150/Annually
Annual Tax Est. $9,176.4
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT208262859
List Date October 9, 2025
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 →

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 · October 9, 2025 $1,300,000
Current ask $1,250,000
Reduced $50,000 (-3.8%) 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
18000 Easy St
Gregg Point
$1,200,000 $501 4 bd / 3 ba 2,394 sqft , 2026-04-17
10314 W Darleen Dr
Trails End
$919,000 $440 4 bd / 2 ba 2,088 sqft , 2025-03-28
9504 Harbor Dr
Northlake Hills Sec 1 Resub Of
$825,000 $341 3 bd / 3 ba 2,419 sqft , 2026-03-13

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
$6,000/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
$250,000
20% conventional investment loan

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

Estimated Gross Rent+$6,000
Principal + Interest−$6,822
Property Tax (~2.1% TX avg)−$2,188
Insurance (~0.5%)−$521
Est. Monthly Cash Flow $-3,531

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 September 9, 2026.

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