Active Listing  ·  21 days on market

216 Hoot Owl Ln N

Leander, TX 78641
$295,000
3 Bed 2 Bath 1,515 sqft $195/sqft Built 2007 0.18 acres 2-Car Garage Pool SUMMERLYN

Welcome to Summerlyn in Leander, TX 78641, conveniently located near the neighborhood's main amenity center off Hummingbird Lane, this home features fresh interior paint, updated lighting and ceiling fans, and a freshly updated kitchen with new quartz countertops and tile backsplash installed in October 2026. A functional floor plan, wood-burning fireplace, and east-facing backyard with an extended patio complete the picture. Approaching the home, a west-facing covered front porch provides a welcoming entrance and a comfortable setting for morning coffee or enjoying the evening sunset. The east-facing backyard offers the added benefit of afternoon shade, particularly appreciated during warmer Texas months.

Inside, an extended entry foyer provides privacy from the front entrance while creating separation between the home's living areas. Immediately to the left, the updated kitchen features newly installed quartz countertops, a coordinating tile backsplash, stainless steel appliances, and a dedicated breakfast area with windows overlooking the front yard. Completed in October 2026, these improvements bring a fresh, modern appearance to one of the home's most frequently used spaces. The refrigerator, washer, and dryer are negotiable. Opposite the kitchen, a separate hallway connects the secondary bedrooms, full bathroom, multiple storage closets, and laundry room with direct access to the attached garage. The practical layout keeps bedrooms, storage, and utility spaces comfortably separated from the main living areas.

Outdoor living is another highlight, with an east-facing backyard offering generous space for entertaining, recreation, or future landscaping possibilities. An extended patio provides additional room for outdoor seating and gatherings, while the existing playscape can remain or be removed by the sellers based on the buyer's preference. Afternoon shade makes this backyard especially appealing during warmer Texas evenings.

At $195/sqft, this home is 15% 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

216 Hoot Owl Ln N, Leander, TX 78641

Property Details

Price $295,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,515 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision SUMMERLYN
County Williamson
Zip Code 78641
$/sqft $195/sqft
Days on Market ,
HOA $96.8/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249425585
List Date October 22, 2026
Elementary School North
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

North · Danielson · 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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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
453 Agave Azul Way
WILDLEAF
$294,995 $169 4 bd / 3 ba 1,746 sqft , 2026-08-26
124 Thrasher Cv
Summerlyn
$294,000 $153 3 bd / 2 ba 1,920 sqft , 2026-06-27
341 Ancellotta Way
Highland Terrace
$299,500 $241 3 bd / 2 ba 1,243 sqft , 2026-10-06
46 Snowy Plover Ln
Summerlyn West
$299,990 $163 3 bd / 3 ba 1,837 sqft , 2026-07-23
429 Falcon Ln
Summerlyn Ph L-1A
$300,000 $163 3 bd / 2 ba 1,844 sqft , 2026-10-15

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (assumed ~2.1%)−$516
Insurance (assumed ~0.5%)−$123
Est. Monthly Cash Flow $-833

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 3, 2026.

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

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