About This Home

LIGHT, BRIGHT & OPEN CONCEPT HOME WITH GRANITE ISLAND KITCHEN.

At $162/sqft, this home is 30% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

233 Trellis Blvd, Leander, TX 78641

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $438,999

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,713 sqft

Lot Size 0.14 acres (5,941.58 sqft)

Year Built 2017

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Highland Terrace Ph 1

County Williamson

Zip Code 78641

$/sqft $162/sqft

Days on Market ,

HOA $70/Monthly

Annual Tax Est. $8,443.53

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242326045

List Date August 4, 2026

Elementary School Larkspur

Middle School Danielson

High School Glenn

School District Leander ISD

School District

Leander ISD

Larkspur · Danielson · Glenn

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.

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 $495,999

Previous ask $448,999

Current ask $438,999

▼ Reduced $57,000 (-11.5%) 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

300 Fluttermill Loop
Highland Mdws Ph 3B $439,990 $182 4 bd / 3 ba 2,413 sqft , 2026-07-24

105 Wagon Spoke Way
Orchard Ridge $429,900 $168 5 bd / 3 ba 2,553 sqft , 2026-01-14

229 Majestic Cedar Dr
Highland Mdws Ph 2D $415,000 $174 4 bd / 4 ba 2,388 sqft , 2026-07-28

212 Yoakum St
Larkspur $399,900 $167 4 bd / 3 ba 2,393 sqft , 2026-06-05

429 Rusk Bluff Ave
Larkspur $399,900 $141 5 bd / 3 ba 2,843 sqft , 2026-07-08

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

$2,107/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

$87,800

20% conventional investment loan

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

Estimated Gross Rent+$2,107

Principal + Interest−$2,396

Property Tax (assumed ~2.1%)−$768

Insurance (assumed ~0.5%)−$183

Est. Monthly Cash Flow $-1,240

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

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 41 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. The written content was last updated on October 14, 2026.

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

233 Trellis Blvd

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

Explore Austin Real Estate

Save this home

Welcome back