About This Home

Former model home, loaded with upgrades and designer touches all around! Gorgeous wood floors throughout except for 2 bedrooms. Beautiful kitchen opens up to living area with lots of space for everyone. 4 bedrooms (master on main), 3.5 baths, study, formal and breakfast along with a home theater and flex/game room. Great award winning schools, close to major roads and shopping.

At $185/sqft, this home is 23% 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

2305 Millbrook Loop, Leander, TX 78641

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Property Details

Price $699,900

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 3,783 sqft

Lot Size 0.18 acres (7,749.32 sqft)

Year Built 2017

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Pecan Crk Ph 1

County Williamson

Zip Code 78641

$/sqft $185/sqft

Days on Market ,

HOA $75/Monthly

Annual Tax Est. $14,327.87

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240583156

List Date July 23, 2026

Elementary School Akin

Middle School Stiles

High School Rouse

School District ,

Have Questions About This Property?

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

1412 Sweet Violet Dr
Wildspring - Arbor Collection $699,000 $218 4 bd / 4 ba 3,204 sqft , 2026-07-14

200 Lake Livingston Dr
Parkside at Mayfield Ranch $659,000 $183 5 bd / 4 ba 3,610 sqft , 2026-04-16

480 Monahans Dr
Parkside/Mayfield Ranch Sec 4B $659,000 $237 4 bd / 3 ba 2,782 sqft , 2026-07-19

3005 Paseo De Charros None
Caballo Ranch Sec 4 $650,000 $241 3 bd / 3 ba 2,700 sqft , 2026-08-07

1345 Sweet Violet Dr
Wildspring - Arbor Collection $649,000 $260 4 bd / 4 ba 2,500 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

$3,360/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

$139,980

20% conventional investment loan

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

Estimated Gross Rent+$3,360

Principal + Interest−$3,820

Property Tax (~2.1% TX avg)−$1,225

Insurance (~0.5%)−$292

Est. Monthly Cash Flow $-1,977

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 →

About the Author

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 July 24, 2026.

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

2305 Millbrook Loop

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

2305 Millbrook Loop

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

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