Active Listing  ·  22 days on market

2224 Bonavista Way

Leander, TX 78641
$415,000
3 Bed 2 Bath 1,867 sqft $222/sqft Built 2018 0.14 acres 2-Car Garage Pool Palmera Ridge Sec 4

Move-in ready in Palmera Ridge! This single-story 3-bedroom, 2-bath home offers approximately 1,867 sq. ft. with a bright, functional layout and thoughtful upgrades throughout. The kitchen features white cabinetry, dark hardware and a clean, modern finish, while wide-plank flooring adds warmth to the main living areas.

The home includes refrigerator, washer, dryer and blinds, helping make the transition even easier for the next owner. Additional highlights include all-sides masonry, a covered front entry, covered back patio, gutters, sprinkler system, professional landscaping and low-maintenance xeriscaping along the sides of the home.

The roof was replaced in 2021 and includes a transferable warranty. The home is also ENERGY STAR Certified and LEED Certified.

Qualified buyers may also be eligible for up to approximately $17,500 in lender-provided down payment and closing cost assistance, subject to lender, borrower, property and program eligibility and availability of funds.

Palmera Ridge offers a community pool, playground, clubhouse, pond and neighborhood elementary school. Conveniently located near Ronald Reagan Blvd with access to Leander, Cedar Park, Georgetown, shopping, dining and major commuter routes.

At $222/sqft, this home is 6% below the Leander active market average of $237/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2224 Bonavista Way, Leander, TX 78641

Property Details

Price $415,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,867 sqft
Lot Size 0.14 acres (6,220.37 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Palmera Ridge Sec 4
County Williamson
Zip Code 78641
$/sqft $222/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $9,595.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244868763
List Date September 1, 2026
Elementary School Tarvin
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.

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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
1724 River Plateau Dr
River Bluff
$419,397 $173 4 bd / 3 ba 2,429 sqft , 2026-07-30
2204 Bonavista Way
Palmera Ridge
$419,900 $191 3 bd / 3 ba 2,199 sqft , 2026-07-09
1640 River Plateau Dr
River Bluff
$398,509 $181 3 bd / 3 ba 2,200 sqft , 2026-07-29
2629 San Bautista Way
Palmera Ridge
$372,000 $186 3 bd / 3 ba 2,005 sqft , 2026-09-14
2341 Gabriels Horn Rd
BAR W RANCH
$458,000 $195 3 bd / 3 ba 2,345 sqft , 2026-04-16

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
$1,992/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
$83,000
20% conventional investment loan

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

Estimated Gross Rent+$1,992
Principal + Interest−$2,265
Property Tax (~2.1% TX avg)−$726
Insurance (~0.5%)−$173
Est. Monthly Cash Flow $-1,172

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

More Luxury Homes in Leander

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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 September 10, 2026.

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