Active Listing  ·  15 days on market

2640 Great Owl Pass

Leander, TX 78641
$799,900
4 Bed 4 Bath 2,804 sqft $285/sqft Built 2016 1.06 acres 3-Car Garage Pool Greatwood

Welcome to 2640 Great Owl Pass, a beautiful single-story home situated on over an acre in the desirable Greatwood community of Leander! Offering 4 bedrooms, 3.5 bathrooms, and approximately 2,804 square feet, this home features a spacious open-concept layout with abundant natural light, high ceilings, and elegant finishes throughout. The inviting living area showcases a stunning stone fireplace and flows seamlessly into the kitchen, complete with granite countertops, stainless steel appliances, a large center island, and ample cabinetry. The thoughtfully designed split-bedroom floor plan offers privacy, with three secondary bedrooms located on one side of the home and the primary suite tucked away on the opposite side. The spacious primary retreat features a luxurious ensuite bathroom with dual vanities, a soaking tub, a separate walk-in shower, and TWO walk-in closets! Step outside to your own backyard oasis, featuring a sparkling in-ground pool, an expansive covered patio, and plenty of room to entertain or simply enjoy the peaceful surroundings. The generous lot offers beautiful outdoor views and room to spread out, while the three-car garage provides additional parking and storage. Conveniently located in Leander ISD with access to nearby shopping, dining, and major roadways. Don't miss the opportunity to make this exceptional property your next home!

At $285/sqft, this home is priced 20% above the Leander active market average of $237/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2640 Great Owl Pass, Leander, TX 78641

Property Details

Price $799,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,804 sqft
Lot Size 1.06 acres (46,304.28 sqft)
Year Built 2016
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Greatwood
County Williamson
Zip Code 78641
$/sqft $285/sqft
Days on Market ,
HOA $495/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247697925
List Date September 23, 2026
Elementary School Hisle
Middle School Danielson
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.

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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
3064 Green Grange Ln
Leander Estates
$887,990 $312 4 bd / 4 ba 2,845 sqft , 2025-10-23
2869 Honeywood Dr
Leander Estates Ph 1
$889,000 $277 4 bd / 4 ba 3,213 sqft , 2026-02-17
2620 Council Springs Pass
Greatwood
$890,000 $249 4 bd / 5 ba 3,576 sqft , 2026-06-23
3109 Honeywood Dr
Leander Estates Ph 1
$919,000 $289 4 bd / 3 ba 3,180 sqft , 2026-06-01
3017 Whalesong Way
Leander Estates
$974,950 $305 4 bd / 3 ba 3,193 sqft , 2026-07-26

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
$3,840/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
$159,980
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,365
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,258

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 · 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 September 30, 2026.

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