Active Listing  ·  42 days on market

2020 Palmera Ridge Blvd

Leander, TX 78641
$499,000
4 Bed 4 Bath 2,536 sqft $197/sqft Built 2020 0.13 acres 2-Car Garage Pool Palmera Rdg Sec 7

Welcome to 2020 Palmera Ridge Blvd., ideally situated in the sought-after Palmera Ridge master-planned community in Leander. This beautifully designed home offers an open, light-filled layout with soaring ceilings, elevated finishes and peaceful green space views.

One of the home’s standout features is its thoughtful floor plan, with all bedrooms conveniently located on the main level. Upstairs, a spacious bonus room with a half bath provides flexible additional space for a game room, media room, home office, playroom or guest retreat.

A wall of windows fills the main living area with natural light while showcasing the green backdrop beyond, with views enjoyed from the living room, primary suite and covered patio. With green space behind the home and a neighborhood path along the side, the setting offers a wonderful sense of openness and connection to the outdoors.

Inside, thoughtful upgrades include tall interior doors, wood flooring and a bright, modern kitchen featuring quartz countertops, stainless steel appliances, built-in oven and microwave, extra-tall cabinetry and convenient storage drawers. The spacious, well-planned layout is designed for both comfortable everyday living and entertaining.

Enjoy all that Palmera Ridge has to offer, with neighborhood amenities, trails and Tarvin Elementary nearby, plus convenient access to Ronald Reagan Boulevard, shopping, dining and H-E-B.

At $197/sqft, this home is 14% 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

2020 Palmera Ridge Blvd, Leander, TX 78641

Property Details

Price $499,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,536 sqft
Lot Size 0.13 acres (5,810.9 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Palmera Rdg Sec 7
County Williamson
Zip Code 78641
$/sqft $197/sqft
Days on Market ,
HOA $150/Quarterly
Annual Tax Est. $11,816.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247840410
List Date October 1, 2026
Elementary School Tarvin
Middle School Knox Wiley
High School Glenn
School District Leander ISD

Leander ISD

Tarvin · Knox Wiley · Glenn

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 1, 2026 $529,000
Previous ask $509,000
Current ask $499,000
▼ Reduced $30,000 (-5.7%) 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
916 Isaias Dr
Palmera Ridge
$495,000 $178 4 bd / 3 ba 2,780 sqft , 2026-09-17
2017 Palmera Ridge Blvd 2017 Palmera Ridge Blvd Blvd
Palmera Ridge
$529,000 $212 5 bd / 3 ba 2,500 sqft , 2026-06-30
2208 Bonavista Way
Palmera Ridge
$550,000 $197 4 bd / 4 ba 2,787 sqft , 2026-08-01
2424 Costera St
Palmera Ridge
$564,900 $220 4 bd / 3 ba 2,570 sqft , 2026-07-09
2224 Bonavista Way
Palmera Ridge Sec 4
$415,000 $222 3 bd / 2 ba 1,867 sqft , 2026-09-01

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (assumed ~2.1%)−$873
Insurance (assumed ~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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 6, 2026.

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

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