Active Listing  ·  99 days on market

24203 Fulkes Rd

Leander, TX 78641
$530,000
1 Bed 1 Bath 1,239 sqft $428/sqft Built 2009 2.11 acres 3-Car Garage Pool Sandy Creek Ranches Ph 04

Own your next chapter — this Hill Country property is more than a home; it's a platform for business owners, entrepreneurs, and tradespeople ready to hit the ground running. The crown jewel is an impressive detached workshop built to accommodate a semi-trailer, boat, or RV — offering rare, large-scale covered space ideal for contractors, equipment operators, mechanics, fabricators, or anyone needing serious square footage outside of a commercial lease. Whether you're relocating a business, expanding operations, or simply need room to work, store, and grow, the shop delivers. Even more compelling: the previous owners began an addition, and detailed plans are already in place for the new owner to continue. The groundwork has been laid — save time, skip the planning phase, and build equity from day one.

The home itself sits on a spacious 2.11-acre corner lot with sweeping Hill Country views. A flexible 1-bedroom, 1-bath layout includes a dining area currently used as a second bedroom, vaulted ceilings, granite countertops, and a covered outdoor patio with a wood-burning fireplace. A livestock pen rounds out the acreage for those who want a true working property. This is the kind of opportunity that rarely comes together — functional living, serious workspace, and a ready-made expansion plan, all on acreage with room to grow.

At $428/sqft, this home is priced 78% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

24203 Fulkes Rd, Leander, TX 78641

Property Details

Price $530,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,239 sqft
Lot Size 2.11 acres (91,911.6 sqft)
Year Built 2009
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sandy Creek Ranches Ph 04
County Travis
Zip Code 78641
$/sqft $428/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,500
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227549903
List Date April 27, 2026
Elementary School Bagdad
Middle School Leander Middle
High School Glenn
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
408 Mesa Oaks Rd
Hidden Mesa
$534,000 $356 1 bd / 1 ba 1,500 sqft , 2026-05-29
17009 E Darleen Dr #2
Trails End Lake Travis
$499,500 $378 2 bd / 2 ba 1,320 sqft , 2026-04-01
24300 Cisco Trl
Round Mountain Oaks
$499,000 $509 2 bd / , ba 980 sqft , 2024-06-10
10918 Ridgeway St
Jonestown Hills
$379,900 $279 2 bd / 3 ba 1,361 sqft , 2026-04-24

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
$2,544/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
$106,000
20% conventional investment loan

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

Estimated Gross Rent+$2,544
Principal + Interest−$2,892
Property Tax (~2.1% TX avg)−$928
Insurance (~0.5%)−$221
Est. Monthly Cash Flow $-1,497

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 →