Active Listing  ·  21 days on market

2005 Woodway Dr

Leander, TX 78641
$335,000
3 Bed 2 Bath 1,755 sqft $191/sqft Built 2008 0.16 acres 2-Car Garage Pool Westwood Sec 05

Welcome home to this classic 1-story brick home nestled among beautiful, mature trees. This 3-bedrooms, 2 bath home has an inviting open floor concept. The Kitchen is a great space for preparing your favorite meal. You will love the large kitchen island which offers ample seating for sitting. The backyard offers a nice private feel with plenty of shade trees and bushes, a beautiful pergola covered patio. This home has been well maintained and updated by the current owners which included, removing carpet and adding luxury vinyl plank in main areas, ceramic tile in the kitchen and bathrooms, fresh paint inside and outside of home, roof replaced 2 years ago with quality high-grade composition shingles, HVAC system replaced 2 years ago, new garage door opener installed, keyless lock entry, doorbell camera, security cameras front and back of house, and sensor lights on all four corners of the home. This home is in a great location. Close to transit metro rail and bus system, restaurant's, HEB, Hospital, Toll Road for easy commute, LISD schools. This home is perfect for any walk of life with much to offer in convenience of location and proximity.

At $191/sqft, this home is 17% 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

2005 Woodway Dr, Leander, TX 78641

Property Details

Price $335,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,755 sqft
Lot Size 0.16 acres (6,956.53 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Westwood Sec 05
County Williamson
Zip Code 78641
$/sqft $191/sqft
Days on Market ,
HOA $528/Annually
Annual Tax Est. $6,409.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250489950
List Date October 22, 2026
Elementary School Bagdad
Middle School Leander Middle
High School Rouse
School District Leander ISD

Leander ISD

Bagdad · Leander Middle · 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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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 22, 2026 $350,000
Current ask $335,000
▼ Reduced $15,000 (-4.3%) 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
709 LOS ROBLES Rd
Estate/North Crk Ranch Sec 02
$339,900 $150 4 bd / 3 ba 2,261 sqft , 2026-07-31
1653 Coral Sunrise Trl
Retreat/Hero Way
$329,900 $161 4 bd / 3 ba 2,046 sqft , 2026-10-01
610 Riverway Ln
North Creek Sec 03a
$325,000 $189 3 bd / 2 ba 1,716 sqft , 2026-06-20
520 S Brook Dr
Heritage Glen Sec 01
$320,000 $199 3 bd / 2 ba 1,605 sqft , 2026-11-09
644 Peregrine Way
Vista Ridge
$350,000 $187 3 bd / 2 ba 1,868 sqft , 2026-08-21

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
$1,608/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
$67,000
20% conventional investment loan

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

Estimated Gross Rent+$1,608
Principal + Interest−$1,828
Property Tax (assumed ~2.1%)−$586
Insurance (assumed ~0.5%)−$140
Est. Monthly Cash Flow $-946

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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