Active Listing  ·  68 days on market

2802 Leeds Cv

Austin, TX 78745
$560,000
3 Bed 2 Bath 1,434 sqft $391/sqft Built 1976 0.26 acres 2-Car Garage Pool CHERRY CREEK PHS VI SEC 2 AMENDED

***4.5% mortgage rate in year 1 with seller buydown***

Welcome to 2802 Leeds Cove, a beautifully updated 3-bedroom, 2-bathroom home offering 1,434 square feet of living space on a generous 0.25-acre lot. With a large backyard perfect for kids, pets, gardening, or entertaining, this move-in-ready home combines thoughtful upgrades, modern comfort, and exceptional value in one of South Austin's established neighborhoods.

Extensively updated, the home features a new roof with a transferable warranty, new HVAC system, new water heater, new windows throughout, new siding, new main and interior electrical panels, and a replaced main water line—providing years of worry-free ownership.

Inside, you'll find a bright, welcoming layout with beautifully updated bathrooms, new kitchen appliances, and flexible living spaces designed for everyday comfort and entertaining.

Step outside to enjoy the new cedar deck, overlooking the expansive backyard with endless possibilities for relaxing, hosting friends, or creating your own outdoor retreat. The large lot provides future option of adding a pool, ADU, or dedicated home office space.

With major upgrades already completed, modern finishes, and a spacious quarter-acre homesite, 2802 Leeds Cove is a rare opportunity to own a turnkey home with both character and long-term peace of mind.

1,434 SF plus enclosed laundry room & pantry • New roof • New HVAC system and water heater • New windows • New cedar deck and large backyard ideal for kids and pets • New siding • New main & interior electrical panels • Main water line replaced • Updated bathrooms • New kitchen appliances.

At $391/sqft, this home is priced in line with the Austin market average of $393/sqft across 4,588 active listings. View Austin market report →

Location

2802 Leeds Cv, Austin, TX 78745

Property Details

Price $560,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,434 sqft
Lot Size 0.26 acres (11,325.6 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision CHERRY CREEK PHS VI SEC 2 AMENDED
County Travis
Zip Code 78745
$/sqft $391/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,930.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240227379
List Date July 17, 2026
Elementary School Sunset Valley
Middle School Covington
High School Crockett
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

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 17, 2026 $595,000
Previous ask $575,000
Current ask $560,000
Reduced $35,000 (-5.9%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
4917 Sunset Trl #A
Sunset Trail Condos Ph 2
$559,000 $312 3 bd / 3 ba 1,792 sqft , 2026-03-25
2013 Southern Oaks Dr
Fairmont Park Sec 1
$569,900 $375 3 bd / 2 ba 1,520 sqft , 2026-07-24
6108 Bridlington Cir
Cherry Creek Ph 06 Sec 02 Amd
$550,000 $354 3 bd / 2 ba 1,552 sqft , 2026-04-10
2333 Aldford Dr
Cherry Creek Ph 03 Sec 04
$550,000 $464 3 bd / 2 ba 1,185 sqft , 2026-08-14
2717 Charlesworth Dr
Cherry Creek Ph Iv Sec 1 Resu
$550,000 $354 3 bd / 2 ba 1,553 sqft , 2026-08-22

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
$2,688/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
$112,000
20% conventional investment loan

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

Estimated Gross Rent+$2,688
Principal + Interest−$3,056
Property Tax (~2.1% TX avg)−$980
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,581

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 Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

More Luxury Homes in Austin

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 September 16, 2026.

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