Active Listing  ·  20 days on market

228 Mandana St

Leander, TX 78641
$445,000
4 Bed 2 Bath 2,357 sqft $189/sqft Built 2017 0.16 acres 2.5-Car Garage Pool Carneros Ranch / Vista Ridge Estates

Now offered at $445,000! Qualified buyers may be eligible for up to $10,000 in down payment assistance and up to $7,500 toward eligible closing costs through available Bank of America programs. Welcome to this spacious single-story home nestled in Vista Ridge Estates. The thoughtfully designed floor plan features four bedrooms, two full bathrooms, a formal dining room, an open kitchen with a large center island, a sunny breakfast area, and an expansive family room anchored by a stone fireplace. Abundant natural light, plantation shutters, transom windows, and wood flooring throughout the main living areas add warmth and character, while tile flooring provides durability in the wet areas. The oversized primary suite is privately tucked at the rear of the home and includes an ensuite bathroom with dual vanities, a soaking tub, separate walk-in shower, and a generous walk-in closet. Three secondary bedrooms are located on the opposite side of the home, creating a desirable split-bedroom layout. Recent improvements include a roof replacement in 2025, new bedroom carpet installed in July 2026, and screened exterior doors for added airflow and fresh air while keeping the doors securely closed. Outside, enjoy a large covered patio and an additional deck with a sunshade—perfect for grilling, relaxing, and entertaining. The backyard also includes a spacious storage shed. An oversized 2.5-car garage provides additional room for storage, hobbies, or outdoor equipment. Conveniently located near schools, shopping, dining, and major roadways, with easy access throughout Leander. Vista Ridge Estates offers a walkable neighborhood setting with community amenities including a pool and playground. Robin Bledsoe Park, athletic fields, and the Leander Public Library are also nearby.

At $189/sqft, this home is 21% 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

228 Mandana St, Leander, TX 78641

Property Details

Price $445,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,357 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2017
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Carneros Ranch / Vista Ridge Estates
County Williamson
Zip Code 78641
$/sqft $189/sqft
Days on Market ,
HOA $58/Monthly
Annual Tax Est. $9,745.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241354511
List Date August 4, 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 4, 2026 $450,000
Current ask $445,000
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
2301 Spokane Dr
Cedar Brook
$444,990 $242 3 bd / 3 ba 1,842 sqft , 2026-07-14
1416 Hartley Dr
South Brook
$442,950 $173 4 bd / 3 ba 2,563 sqft , 2026-06-12
849 Corvallis Dr
Cedar Brook
$439,990 $253 3 bd / 2 ba 1,739 sqft , 2026-07-14
1309 Patito Pl
Villas at Vista Ridge
$439,900 $189 3 bd / 3 ba 2,325 sqft , 2026-05-23
2233 Sauterne Dr
Carneros Ranch Sec 3
$437,310 $166 4 bd / 4 ba 2,638 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
$2,136/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
$89,000
20% conventional investment loan

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

Estimated Gross Rent+$2,136
Principal + Interest−$2,429
Property Tax (~2.1% TX avg)−$779
Insurance (~0.5%)−$185
Est. Monthly Cash Flow $-1,257

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 23, 2026.

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