Active Listing  ·  21 days on market

2301 Spokane Dr

Leander, TX 78641
$444,990
3 Bed 3 Bath 1,842 sqft $242/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Cedar Brook

Welcome to 2301 Spokane Drive, Leander, Texas — a new construction home built by M/I Homes. This 2-story home offers 1,842 square feet of well-designed living space, featuring 3 bedrooms, 2 full bathrooms, and 1 half bathroom.

Step inside to discover an open-concept living space that creates a seamless flow between gathering areas, making it ideal for both everyday living and entertaining. The quality of design is evident throughout, with thoughtful layout choices and clean finishes that reflect modern craftsmanship.

The owner's bedroom includes a private en-suite bathroom, providing a comfortable retreat at the end of each day. 2 additional bedrooms offer flexible space for family, guests, or a home office. The conveniently placed half bathroom serves as a practical addition for daily use.

Outside, a covered patio extends your living space and offers a sheltered area for relaxing or hosting gatherings in any season.

Home Highlights:

- New construction by M/I Homes

- 3 bedrooms, 2 full bathrooms, and 1 half bathroom

- 1,842 square feet of living space

- 2-story floorplan with open-concept living

- Owner's bedroom with private en-suite bathroom

- Covered patio for outdoor enjoyment

- Quality design and thoughtful finishes throughout

- Located in a well-connected neighborhood with proximity to parks

This home blends functional design with comfortable living in a neighborhood that offers convenient access to nearby parks and recreation. Photos are representative.

At $242/sqft, this home is priced in line with the Leander market average of $241/sqft across 673 active listings. View Austin market report →

Location

2301 Spokane Dr, Leander, TX 78641

Property Details

Price $444,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,842 sqft
Lot Size 0.12 acres (5,357.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Brook
County Williamson
Zip Code 78641
$/sqft $242/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239852547
List Date July 14, 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 →

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
1953 Arbuckle Dr
BAR W RANCH
$449,740 $302 3 bd / 2 ba 1,489 sqft , 2026-05-26
1301 Low Branch Ln #5
Cottages At Deerbrooke
$449,900 $223 3 bd / 3 ba 2,015 sqft , 2025-04-02
605 Palmilla St
Oak Creek Ph 2
$449,900 $200 4 bd / 2 ba 2,255 sqft , 2026-02-06
2416 BURBERRY Ln
DEERBROOKE
$440,000 $195 3 bd / 2 ba 2,251 sqft , 2026-03-15
849 Corvallis Dr
Cedar Brook
$439,990 $253 3 bd / 2 ba 1,739 sqft , 2026-07-14

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
$88,998
20% conventional investment loan

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

Estimated Gross Rent+$2,136
Principal + Interest−$2,428
Property Tax (~2.1% TX avg)−$779
Insurance (~0.5%)−$185
Est. Monthly Cash Flow $-1,256

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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