Active Listing  ·  59 days on market

2720 Rain Song Dr

Leander, TX 78641
$899,999
5 Bed 5 Bath 4,079 sqft $221/sqft Built 2015 0.31 acres 3-Car Garage Pool Crystal Falls Bluffs Sec 3

Privately situated on an oversized lot backing to a serene greenbelt, this exceptional residence seamlessly blends grand architecture with everyday luxury. Towering mature oak trees shade the expansive covered patio, creating a tranquil Texas Hill Country retreat with unparalleled privacy.

Inside the home, a dramatic foyer welcomes you with a sweeping curved staircase, updated designer lighting, and a stunning two-story living room highlighted by floor-to-ceiling windows and custom built-ins. Designed for both entertaining and daily living, the gourmet chef’s kitchen features an oversized center island, 42-inch Shaker-style cabinetry with under-cabinet lighting, and an exceptionally large walk-in pantry.

This home offers a highly sought-after floor plan, with both a luxurious primary suite and a private guest suite with a full bath on the main level. Upstairs, you'll find a spacious loft, a built-in homework/study station, two secondary bedrooms connected by a Jack-and-Jill bath, and a third bedroom with access to a nearby full bath.

Additional highlights include a spacious laundry room with a mudroom bench, walk-in attic storage, and an epoxy-coated three-car garage complete with multiple overhead storage racks. Recent improvements include new roof & gutters in September 2025, new carpet throughout in September 2023, smart thermostats, ceiling fans in every bedroom, and built-in speakers in the family room and covered patio.

Experience resort-style living in the Bluffs at Crystal Falls, featuring access to a lap pool, family pool, tennis and pickleball courts, scenic parks, and miles of outdoor recreation. The home is also zoned to highly acclaimed Leander ISD schools, making it an exceptional opportunity for both luxury and lifestyle.

At $221/sqft, this home is 8% 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

2720 Rain Song Dr, Leander, TX 78641

Property Details

Price $899,999
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,079 sqft
Lot Size 0.31 acres (13,460.04 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Crystal Falls Bluffs Sec 3
County Travis
Zip Code 78641
$/sqft $221/sqft
Days on Market ,
HOA $63/Monthly
Annual Tax Est. $13,151
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231716663
List Date June 18, 2026
Elementary School William J Winkley
Middle School Running Brushy
High School Leander High
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
1848 Harvest Dance Dr
Fairways At Crystal Falls Sc3 P
$900,000 $247 4 bd / 4 ba 3,648 sqft , 2026-03-30
1825 Wolf Dancer None
Highlands At Crystal Falls Sec 2A
$899,900 $250 5 bd / 4 ba 3,603 sqft , 2026-07-30
3417 Flat Iron Ct
Travisso Sec 1 Ph 2 / Grand Mesa
$875,000 $223 5 bd / 5 ba 3,929 sqft , 2025-11-04
2512 Thunder Horse None
Highlands at Crystal Falls Sec I
$825,000 $220 5 bd / 4 ba 3,750 sqft , 2026-08-13
2504 Long Lasso Pass
Crystal Falls
$1,000,000 $243 4 bd / 4 ba 4,115 sqft , 2026-07-16

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
$4,320/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
$180,000
20% conventional investment loan

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

Estimated Gross Rent+$4,320
Principal + Interest−$4,912
Property Tax (~2.1% TX avg)−$1,575
Insurance (~0.5%)−$375
Est. Monthly Cash Flow $-2,542

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 →
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 13, 2026.

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