Active Listing  ·  157 days on market

2233 Sauterne Dr

Leander, TX 78641
$437,310
4 Bed 4 Bath 2,638 sqft $166/sqft Built 2018 0.17 acres 2-Car Garage Pool Carneros Ranch Sec 3

This 4 bedroom, 4 bath NextGen home in Carneros Ranch offers a rare opportunity for multigenerational living at below market value. Designed with Lennar’s “Home Within a Home” concept, the private in-law suite includes its own separate entrance, kitchenette, living room, bedroom, full bath, and private backyard exit, creating a truly independent living space for extended family, guests, or long-term stays.

The main home features a spacious primary suite on the first floor, offering a quiet retreat with a large bath and walk-in closet. Upstairs you'll find a versatile loft with an additional bedroom and bathroom, perfect for a game room, office, or creative space.

Step outside to a backyard designed for both relaxation and productivity, featuring raised garden beds and a custom storage shed ideal for hobbies, gardening, or extra storage.

At $166/sqft, this home is 31% 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

2233 Sauterne Dr, Leander, TX 78641

Property Details

Price $437,310
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,638 sqft
Lot Size 0.17 acres (7,213.54 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Carneros Ranch Sec 3
County Williamson
Zip Code 78641
$/sqft $166/sqft
Days on Market ,
HOA $53/Monthly
Annual Tax Est. $12,734.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222999048
List Date March 20, 2026
Elementary School Bagdad
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 · March 20, 2026 $450,000
Current ask $437,310
Reduced $12,690 (-2.8%) 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
2137 Spokane Dr
Cedar Brook
$435,000 $172 4 bd / 3 ba 2,534 sqft , 2026-08-07
849 Corvallis Dr
Cedar Brook
$439,990 $253 3 bd / 2 ba 1,739 sqft , 2026-07-14
2301 Spokane Dr
Cedar Brook
$444,990 $242 3 bd / 3 ba 1,842 sqft , 2026-07-14
228 Mandana St
Carneros Ranch / Vista Ridge Estates
$445,000 $189 4 bd / 2 ba 2,357 sqft , 2026-08-04
432 Tinto St
ROSENBUSCH RANCH
$429,000 $178 4 bd / 3 ba 2,412 sqft , 2026-04-30

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
$2,099/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
$87,462
20% conventional investment loan

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

Estimated Gross Rent+$2,099
Principal + Interest−$2,387
Property Tax (~2.1% TX avg)−$765
Insurance (~0.5%)−$182
Est. Monthly Cash Flow $-1,235

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

Loading…
View All Luxury Homes →
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 →