Active Listing  ·  120 days on market

2717 Painted Sky Bnd

Leander, TX 78641
$1,299,000
5 Bed 5 Bath 4,272 sqft $304/sqft Built 2022 0.23 acres 3-Car Garage Pool Overlook Crystal Falls

Sweeping panoramas of the Texas Hill Country set the stage for this extraordinary five-bedroom, five-bathroom, NE Facing residence spanning 4,272 square feet of elevated living. Positioned with no neighbor on one side, the home enjoys a rare sense of openness, where golden sunset views spill across the landscape and fill the interior with warmth each evening.

A grand entrance welcomes you into soaring ceilings and the region's most desired floor plan, thoughtfully arranged for both togetherness and privacy. A guest ensuite on the main floor offers comfort and flexibility for visitors, while upstairs a dedicated game room and media room deliver endless entertainment possibilities.

Step onto the balcony patio to savor the scenery, or imagine transforming the generous lot into your own private oasis complete with a sparkling pool. The exceptional quality of build is evident throughout, from the refined finishes to the enduring craftsmanship that defines every room.

Beyond your doorstep, the surrounding environment strikes an ideal balance of natural beauty and everyday convenience. Cedar Bark Park sits just moments away for outdoor recreation, while Randalls handles weekly grocery runs with ease. Families will appreciate proximity to Sterling Classical School, and nearby transit connections keep the greater Austin area within comfortable reach.

This is a home designed for those who crave space, serenity, and sophistication in equal measure. Schedule your private showing today and experience Hill Country living at its finest.

At $304/sqft, this home is priced 32% above the Leander active market average of $230/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2717 Painted Sky Bnd, Leander, TX 78641

Property Details

Price $1,299,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,272 sqft
Lot Size 0.23 acres (10,227.89 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Overlook Crystal Falls
County Travis
Zip Code 78641
$/sqft $304/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $28,342.17
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239707838
List Date July 15, 2026
Elementary School William J Winkley
Middle School Running Brushy
High School Leander High
School District Leander ISD

Leander ISD

William J Winkley · Running Brushy · 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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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 15, 2026 $1,373,999
Current ask $1,299,000
▼ Reduced $74,999 (-5.5%) 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
2729 War Wagon Way
Bluffs at Crystal Falls, Bluffs/Crystal Falls Ph 3
$1,195,000 $281 5 bd / 5 ba 4,257 sqft , 2026-06-17
3725 Salento Cv
Travisso - Verona Collection
$1,499,000 $373 4 bd / 5 ba 4,017 sqft , 2026-07-15
2504 Long Lasso Pass
Crystal Falls
$975,000 $237 4 bd / 4 ba 4,115 sqft , 2026-07-16
1100 High Lonesome St
Grand Mesa
$1,625,000 $354 4 bd / 4 ba 4,593 sqft , 2026-02-01
2700 War Wagon Way
Crystal Falls
$949,000 $273 4 bd / 3 ba 3,480 sqft , 2026-07-23

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
$6,235/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
$259,800
20% conventional investment loan

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

Estimated Gross Rent+$6,235
Principal + Interest−$7,089
Property Tax (assumed ~2.1%)−$2,273
Insurance (assumed ~0.5%)−$541
Est. Monthly Cash Flow $-3,668

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 October 21, 2026.

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

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