Active Listing  ·  135 days on market

2017 Palmera Ridge Blvd 2017 Palmera Ridge Blvd Blvd

Leander, TX 78641
$529,000
5 Bed 3 Bath 2,500 sqft $212/sqft Built 2021 0.16 acres 2-Car Garage Pool Palmera Ridge

Welcome to this beautiful, like-new 4-bedroom home in Palmera Ridge, one of Leander, Texas’s desirable master-planned communities. This thoughtfully designed two-story home offers approximately 2,400 sq. ft. of comfortable living space, featuring 4 bedrooms, a dedicated home office, 2.5 bathrooms, and a cozy upstairs loft

The main level features a private primary suite tucked away at the back of the home, creating a peaceful retreat with excellent privacy. The front of the home includes a spacious dedicated office, ideal for working from home, studying, or creating a flexible-use space, along with a convenient half bath for guests.

Upstairs, you’ll find three additional bedrooms, a full bathroom, and a versatile loft that can serve as a second living area, media room, playroom, or study space.

Located in the sought-after Palmera Ridge community in Leander, this home offers convenient access to 183A, Ronald Reagan Boulevard, FM 2243, shopping, dining, parks, and major employment centers throughout Leander and the North Austin area. Residents also enjoy the community’s neighborhood amenities and the benefits of being served by Leander ISD.

If you’re looking for a like-new 4-bedroom home with a private primary suite, home office, loft, and excellent community setting in Leander, this home is worth seeing.

At $212/sqft, this home is 8% 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

2017 Palmera Ridge Blvd 2017 Palmera Ridge Blvd Blvd, Leander, TX 78641

Property Details

Price $529,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths 1
Living Area 2,500 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Palmera Ridge
County Williamson
Zip Code 78641
$/sqft $212/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238124488
List Date June 30, 2026
Elementary School Akin
Middle School Stiles
High School Leander High
School District Leander ISD

Leander ISD

Akin · Stiles · Leander High

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 · June 30, 2026 $529,800
Current ask $529,000
▼ Reduced $800 (-0.2%) 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
2208 Bonavista Way
Palmera Ridge
$550,000 $197 4 bd / 4 ba 2,787 sqft , 2026-08-01
2020 Palmera Ridge Blvd
Palmera Rdg Sec 7
$499,000 $197 4 bd / 4 ba 2,536 sqft , 2026-10-01
916 Isaias Dr
Palmera Ridge
$495,000 $178 4 bd / 3 ba 2,780 sqft , 2026-09-17
2424 Costera St
Palmera Ridge
$564,900 $220 4 bd / 3 ba 2,570 sqft , 2026-07-09
620 Altea Dr
Palmera Ridge
$624,990 $200 4 bd / 4 ba 3,129 sqft , 2026-09-10

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
$2,539/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
$105,800
20% conventional investment loan

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

Estimated Gross Rent+$2,539
Principal + Interest−$2,887
Property Tax (assumed ~2.1%)−$926
Insurance (assumed ~0.5%)−$220
Est. Monthly Cash Flow $-1,494

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 September 1, 2026.

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

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