Active Listing  ·  33 days on market

2129 Spokane Dr

Leander, TX 78641
$474,990
4 Bed 4 Bath 2,522 sqft $188/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Cedar Brook

Welcome to 2129 Spokane Dr. Leander, Texas — a stunning new construction home built by M/I Homes. This 2-story home offers 2,522 square feet of thoughtfully designed living space, featuring 4 bedrooms, 3 full bathrooms, and 1 half bathroom.

Step inside to discover an open-concept living space that creates a seamless flow between the main gathering areas, ideal for both everyday living and entertaining. The quality of design is evident throughout, with carefully selected finishes and attention to detail in every room.

Key Features:

4 spacious bedrooms across 2 levels

3 full bathrooms and 1 half bathroom

2,522 square feet of living space

Open-concept living space for comfortable daily living

Covered patio for outdoor relaxation and entertaining

New construction built by M/I Homes

2-story layout with well-planned design

The owner's bedroom features a private en-suite bathroom, providing a comfortable retreat at the end of each day. Additional bedrooms offer generous space for family members or guests.

The covered patio extends your living area outdoors, offering a shaded space to enjoy the Texas weather year-round. This home is situated in a welcoming neighborhood with convenient proximity to parks, making it an excellent choice for those who value outdoor recreation and a well-connected setting.

This move-in ready home delivers quality construction and a well-designed floorplan that balances comfort with functionality. Photos are representative.

At $188/sqft, this home is 21% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2129 Spokane Dr, Leander, TX 78641

Property Details

Price $474,990
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,522 sqft
Lot Size 0.12 acres (5,357.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Brook
County Williamson
Zip Code 78641
$/sqft $188/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239851797
List Date July 14, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
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 14, 2026 $489,990
Previous ask $479,990
Current ask $474,990
Reduced $15,000 (-3.1%) 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
504 Chaparral Dr
Vista Ridge Ph 03
$475,000 $167 5 bd / 4 ba 2,846 sqft , 2025-05-28
1428 Macfarland St
Mason Hills
$475,000 $242 4 bd / 2 ba 1,965 sqft , 2026-06-17
1920 LAZY ACRES St
Rosenbusch Ranch
$473,990 $187 4 bd / 3 ba 2,539 sqft , 2026-04-28
1925 LAZY ACRES St
Rosenbusch Ranch
$471,990 $180 4 bd / 3 ba 2,628 sqft , 2026-03-13
2313 Spokane Dr
Cedar Brook
$469,990 $193 4 bd / 3 ba 2,441 sqft , 2026-07-27

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
$2,280/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
$94,998
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 11, 2026.

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