Active Listing  ·  39 days on market

18206 Fair Ln

Leander, TX 78645
$679,000
3 Bed 4 Bath 2,470 sqft $275/sqft Built 2023 0.13 acres 2-Car Garage Pool Jonestown Hills

Experience the balance of modern luxury and North Lake Travis charm in this exceptional Jonestown home, completed in 2023 and designed for effortless everyday living. From the moment you step inside, you'll be welcomed by soaring natural light and contemporary finishes that help to create feelings of home and relaxation.

The open-concept layout creates a seamless connection between the living room, dining area, and chef-inspired kitchen, making the home equally suited for entertaining or relaxing at the end of the day. The spacious primary suite is conveniently located on the main level, offering a peaceful retreat, while two additional bedrooms and flexible living areas provide space for guests, a home office, or hobbies.

Outside your door, enjoy the lifestyle that makes Jonestown one of the fastest growing Lake Travis communities. Jones Brothers Park is just minutes away, providing easy access to boating, kayaking, fishing, and lakeside recreation. You'll also appreciate being within walking distance of popular local destinations, including coffee, cocktails and neighborhood restaurants.

Offering the confidence of newer construction, stylish architecture, and an outstanding location near Lake Travis, this move-in-ready home delivers the ideal combination of comfort, convenience, and access to the lake lifestyle you've been dreaming about.

At $275/sqft, this home is priced 16% 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

18206 Fair Ln, Leander, TX 78645

Property Details

Price $679,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,470 sqft
Lot Size 0.13 acres (5,601.82 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Jonestown Hills
County Travis
Zip Code 78645
$/sqft $275/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,533.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242301968
List Date August 14, 2026
Elementary School CC Mason
Middle School Running Brushy
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.

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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
18716 W Lakeview Dr
Jonestown Hills
$639,000 $256 4 bd / 4 ba 2,500 sqft , 2026-04-27
18405 Georgetown Dr
Terrace Plaza
$749,000 $251 4 bd / 4 ba 2,980 sqft , 2026-07-25
11005 Beach Rd
Valle Verde Beach
$760,000 $260 4 bd / 4 ba 2,924 sqft , 2026-03-20
18305 Lake Oaks Dr
Jonestown Hills
$769,000 $263 4 bd / 4 ba 2,920 sqft , 2026-03-06
18303 Lake Oaks Dr
Jonestown Hills
$779,000 $262 4 bd / 4 ba 2,968 sqft , 2026-06-12

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
$3,259/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
$135,800
20% conventional investment loan

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

Estimated Gross Rent+$3,259
Principal + Interest−$3,706
Property Tax (~2.1% TX avg)−$1,188
Insurance (~0.5%)−$283
Est. Monthly Cash Flow $-1,918

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 August 20, 2026.

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