Active Listing  ·  11 days on market

204 Lambert St

Leander, TX 78641
$350,000
4 Bed 2 Bath 1,720 sqft $203/sqft Built 2019 0.14 acres 2-Car Garage Pool Larkspur

Wonderful opportunity in the desirable Larkspur community! This Milestone-built home offers a spacious open-concept floor plan designed for comfortable everyday living and effortless entertaining. Vinyl plank flooring extends throughout the main living areas, while abundant windows fill the home with natural light. The well-appointed kitchen features ample counter space, a walk-in pantry, and a breakfast bar overlooking the dining and living areas. The open layout creates an inviting space for gathering with family and friends. The flexible floor plan offers four true bedrooms and two full baths. A front bedroom with a closet and window is ideal as a home office, guest room, playroom, or additional bedroom. The private primary suite includes dual vanities, a large walk-in shower, and a spacious walk-in closet. Enjoy Larkspur's outstanding community amenities, including two swimming pools, a splash pad, fitness center, clubhouse, playgrounds, parks, walking trails to the San Gabriel River, and multiple community gathering spaces. Zoned to Larkspur Elementary, Danielson Middle School, and Glenn High School. Conveniently located with easy access to Hwy. 183, Hwy. 29, and Ronald Reagan Blvd., this home is minutes from Costco, H-E-B, Target, restaurants, and other everyday conveniences, with future Walmart locations planned nearby. Commuting is easy to Cedar Park, Round Rock, Georgetown, North Austin, and major employers. Low HOA dues of approximately $60/month and an approximate 2.53% tax rate (buyer to verify) add to the home's appeal. Don't miss the opportunity to own this beautiful home in one of Leander's fastest-growing communities!

At $203/sqft, this home is 16% below the Leander active market average of $241/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

204 Lambert St, Leander, TX 78641

Property Details

Price $350,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,720 sqft
Lot Size 0.14 acres (6,150.67 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Larkspur
County Williamson
Zip Code 78641
$/sqft $203/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $8,972.13
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240846895
List Date July 24, 2026
Elementary School Larkspur
Middle School Danielson
High School Glenn
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 · July 24, 2026 $355,000
Current ask $350,000
Reduced $5,000 (-1.4%) 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
2107 Emerald Isle Dr
County Glen Sec 03
$350,000 $184 3 bd / 2 ba 1,903 sqft , 2025-08-21
1470 Oak Grove Rd
Eaton
$350,000 $268 3 bd / 2 ba 1,304 sqft , 2026-02-20
160 Syrah Ct
Grayson
$350,000 $156 4 bd / 3 ba 2,250 sqft , 2026-04-24
153 Brady Creek Way
Larkspur
$350,000 $152 4 bd / 4 ba 2,296 sqft , 2026-03-13
16901 Stockton Dr
Block House Crk Ph E Sec 614
$350,000 $176 3 bd / 3 ba 1,986 sqft , 2026-05-11

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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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