Active Listing  ·  72 days on market

240 Frio Ln

Leander, TX 78641
$510,000
4 Bed 3 Bath 2,766 sqft $184/sqft Built 2018 0.21 acres 3-Car Garage Pool CARNEROS RANCH

Welcome to 240 Frio Lane in Leander's Carneros Ranch community! Situated on a corner lot, this spacious single-story home offers 2,766 square feet, four bedrooms, three full bathrooms, a dedicated office with double doors, and a three-car garage. The thoughtfully designed open floor plan features an expansive living area, dining space, and beautiful kitchen, all enhanced by abundant natural light from numerous large windows. The bright white kitchen offers granite countertops, generous cabinetry, a spacious combined butler's pantry and walk-in pantry with a window, and a refrigerator that conveys. Durable wood-look flooring complements the main living areas, with carpet in the bedrooms. A separate guest suite with a walk-in closet provides additional flexibility. The primary suite features a spacious bathroom with a separate soaking tub and shower, along with a large walk-in closet offering three levels of hanging space. Additional highlights include two water heaters and ample storage throughout. Outside, enjoy the backyard pergola, established landscaping, and ramps at the front entrance and in the backyard. The roof and fencing were both replaced in July 2026. Conveniently located near H-E-B, shopping, restaurants, and the Leander CapMetro Rail Station, with service connecting to Austin. Located within Leander ISD, this home offers generous living spaces, functional design, and numerous desirable features.

At $184/sqft, this home is 20% 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

240 Frio Ln, Leander, TX 78641

Property Details

Price $510,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,766 sqft
Lot Size 0.21 acres (9,313.13 sqft)
Year Built 2018
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision CARNEROS RANCH
County Williamson
Zip Code 78641
$/sqft $184/sqft
Days on Market ,
HOA $58/Monthly
Annual Tax Est. $10,983.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245314925
List Date September 1, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
School District Leander ISD

Leander ISD

Camacho · Leander Middle · Leander High

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
544 Prairie Wind Dr
Rosenbusch Ranch
$513,490 $178 5 bd / 3 ba 2,885 sqft , 2026-08-10
2009 Crooked Creek St
ROSENBUSCH RANCH
$520,740 $176 5 bd / 3 ba 2,957 sqft , 2026-08-13
421 Abruzzi St
Rosenbusch Ranch
$525,000 $176 4 bd / 3 ba 2,976 sqft , 2026-09-03
548 Prairie Wind Dr
ROSENBUSCH RANCH
$528,540 $176 5 bd / 4 ba 3,008 sqft , 2026-07-14
620 Prairie Wind Dr
Rosenbusch Ranch
$489,540 $200 4 bd / 3 ba 2,450 sqft , 2026-06-24

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
$2,448/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
$102,000
20% conventional investment loan

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

Estimated Gross Rent+$2,448
Principal + Interest−$2,783
Property Tax (assumed ~2.1%)−$893
Insurance (assumed ~0.5%)−$213
Est. Monthly Cash Flow $-1,441

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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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 · 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 November 7, 2026.

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

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