Active Listing  ·  17 days on market

2137 Spokane Dr

Leander, TX 78641
$435,000
4 Bed 3 Bath 2,534 sqft $172/sqft Built 2024 0.14 acres 2-Car Garage Pool Cedar Brook

Welcome to Cedar Brook, where thoughtful design meets everyday comfort in this beautifully appointed 4-bedroom, 2.5-bath home. Offering one of the community's most versatile floor plans, this two-story residence features over two levels of flexible living space designed to adapt to a variety of lifestyles.

Step inside to soaring ceilings, luxury vinyl plank flooring, and an abundance of natural light that creates a bright, inviting atmosphere. Just off the entry, a dedicated study with double doors provides the ideal space for a home office, library, or creative studio. The open-concept kitchen serves as the heart of the home, showcasing quartz countertops, stainless steel appliances, a striking herringbone tile backsplash, and seamless flow into the living and dining areas—perfect for both everyday living and entertaining.

The main-level primary suite offers a private retreat with a spacious walk-in closet, dual vanities, a walk-in shower, and a relaxing garden tub. Upstairs, three additional bedrooms share a full bathroom and are complemented by a generous flex room that can easily serve as a media room, game room, fitness space, or second living area.

Step outside to a covered patio overlooking a spacious backyard—a blank canvas ready for your dream outdoor living space, garden, or play area.

Ideally located in the Cedar Brook community, this home offers convenient access to major highways, making travel to Cedar Park, Round Rock, and the greater Austin area simple. Shopping, dining, parks, and everyday conveniences are all just minutes away. As an added bonus, the refrigerator, washer, dryer, water softener, and Pure Water filtration system all convey, making this home truly move-in ready.

At $172/sqft, this home is 28% 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

2137 Spokane Dr, Leander, TX 78641

Property Details

Price $435,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,534 sqft
Lot Size 0.14 acres (6,268.28 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Brook
County Williamson
Zip Code 78641
$/sqft $172/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241747032
List Date August 7, 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 · August 7, 2026 $440,000
Current ask $435,000
Reduced $5,000 (-1.1%) 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
2233 Sauterne Dr
Carneros Ranch Sec 3
$437,310 $166 4 bd / 4 ba 2,638 sqft , 2026-03-20
1309 Patito Pl
Villas at Vista Ridge
$439,900 $189 3 bd / 3 ba 2,325 sqft , 2026-05-23
849 Corvallis Dr
Cedar Brook
$439,990 $253 3 bd / 2 ba 1,739 sqft , 2026-07-14
432 Tinto St
ROSENBUSCH RANCH
$429,000 $178 4 bd / 3 ba 2,412 sqft , 2026-04-30
1436 Lindo Dr
VISTA RIDGE PH 2-B
$429,000 $133 5 bd / 4 ba 3,237 sqft , 2026-06-13

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
$2,088/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
$87,000
20% conventional investment loan

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

Estimated Gross Rent+$2,088
Principal + Interest−$2,374
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,228

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 22, 2026.

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