Active Listing  ·  24 days on market

2509 Etta May Ln

Leander, TX 78641
$575,000
5 Bed 4 Bath 3,539 sqft $162/sqft Built 2016 0.17 acres 2-Car Garage Pool Hazlewood Sub Ph 4A

NEW ROOF INSTALLED IN APRIL 2025! Spacious and extensively updated five-bedroom, four-full-bath home in Leander’s Hazlewood community. The flexible two-story layout offers two main-floor bedrooms, including the primary suite, along with a dedicated office, kids’ den/flex space and upstairs loft. The open kitchen connects naturally to the living and dining areas, creating generous space for everyday living and entertaining. Approximately $50,000 in recent improvements include the new April 2025 roof and extensive June–July 2025 updates: luxury vinyl flooring, quartz kitchen countertops, new backsplash, professionally painted kitchen cabinets, updated stainless-steel appliances, fresh interior wall and door paint, updated interior lighting, replaced study and backyard doors, whole-home water-softening and filtration systems, improved fencing, and new sod and landscaping. Additional features include high ceilings, abundant natural light, a main-floor primary suite with a soaking tub and separate shower, multiple living areas, a private fenced backyard, covered patio and pergola. Hazlewood amenities include a community pool, splash pad, pavilion and playground. Located moments from Lakewood Park—with trails, playgrounds, a splash pad, dog park, fishing pier and sports courts, this home truly has it all! ***Ask for the Upgrades List!***

At $162/sqft, this home is 32% 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

2509 Etta May Ln, Leander, TX 78641

Property Details

Price $575,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,539 sqft
Lot Size 0.17 acres (7,187.4 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hazlewood Sub Ph 4A
County Williamson
Zip Code 78641
$/sqft $162/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $11,579.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240964409
List Date July 23, 2026
Elementary School Pleasant Hill (Leander ISD)
Middle School Knox Wiley
High School Rouse
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.

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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 · July 23, 2026 $589,000
Current ask $575,000
Reduced $14,000 (-2.4%) 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
103 County Road 180 None #35
Reserve/Caballo Ranch
$600,000 $205 4 bd / 3 ba 2,932 sqft , 2025-12-04
2237 Cactus Valley Dr
Hazelwood Sub Ph 3
$614,000 $187 5 bd / 4 ba 3,283 sqft , 2026-07-01
103 County Road 180 None #19
Reserve/Caballo Ranch Condos
$530,000 $221 4 bd / 3 ba 2,396 sqft , 2025-12-06
1924 Granite Springs Rd
Cold Spgs Sec 01
$525,000 $162 5 bd / 4 ba 3,250 sqft , 2026-07-09
2217 Cactus Valley Dr
Hazlewood Sub Ph 3
$638,000 $162 5 bd / 6 ba 3,935 sqft , 2026-06-11

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
$2,760/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
$115,000
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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

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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 · 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 August 8, 2026.

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