Active Listing  ·  286 days on market

2216 Lookout Knoll Dr

Leander, TX 78641
$648,000
4 Bed 4 Bath 3,642 sqft $178/sqft Built 2013 0.17 acres 3-Car Garage Pool Bluffs At Crystal Falls Sec 2

Tucked away on a quiet street in The Bluffs at Crystal Falls, this pre-inspected 4-bedroom, 3.5-bath home offers space, comfort, and style. The layout includes a private office, formal dining, oversized game room, and a full media room with theater setup.

The open-concept main level features a bright living area, granite-island kitchen with gas cooktop, double ovens, and a sunny breakfast nook. The first-floor primary suite is a relaxing retreat with dual vanities, soaking tub, and large walk-in closet.

Upstairs, three bedrooms and two full baths include a Jack-and-Jill design with separate vanities. The large game room serves perfectly as a secondary living area, while the media room is ideal for movie nights.

Enjoy a private backyard with no neighbors behind, a retaining wall, and an extended covered patio. Recent updates include a new roof, 2024 garage door, RO and water softener systems, and fresh landscaping. Located in Crystal Falls with access to pools, parks, trails, tennis, and pickleball courts.

At $178/sqft, this home is 26% 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

2216 Lookout Knoll Dr, Leander, TX 78641

Property Details

Price $648,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,642 sqft
Lot Size 0.17 acres (7,492.32 sqft)
Year Built 2013
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bluffs At Crystal Falls Sec 2
County Travis
Zip Code 78641
$/sqft $178/sqft
Days on Market ,
HOA $56/Monthly
Annual Tax Est. $10,796.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT210839997
List Date November 3, 2025
Elementary School William J Winkley
Middle School Running Brushy
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 · November 3, 2025 $699,999
Previous ask $659,000
Current ask $648,000
Reduced $51,999 (-7.4%) 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
3025 Silvergrass Cv
Bluffs/Crystal Falls Ph 3H Sec
$639,900 $232 4 bd / 3 ba 2,754 sqft , 2026-05-28
1928 Bold Sundown Dr
Fairways At Crystal Falls Sec
$660,000 $200 4 bd / 3 ba 3,296 sqft , 2026-04-16
2525 Quick Fort Dr
Highlands/Crystal Falls Sec I
$667,495 $182 5 bd / 4 ba 3,661 sqft , 2026-07-23
1737 Harvest Dance Dr
Fairways At Crystal Falls, Cap Rock
$599,900 $234 3 bd / 3 ba 2,569 sqft , 2026-03-28
2000 Mazarro Dr #25
WILD ROCK RESIDENTIAL CONDOMINIUMS
$699,000 $256 3 bd / 3 ba 2,727 sqft , 2026-03-20

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
$3,110/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
$129,600
20% conventional investment loan

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

Estimated Gross Rent+$3,110
Principal + Interest−$3,536
Property Tax (~2.1% TX avg)−$1,134
Insurance (~0.5%)−$270
Est. Monthly Cash Flow $-1,830

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 12, 2026.

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