Active Listing  ·  5 days on market

2948 Redwood Grv

Leander, TX 78641
$1,046,990
4 Bed 5 Bath 3,488 sqft $300/sqft Built 2026 1.02 acres 3-Car Garage Pool New Construction Leander Estates

Luxury, comfort and thoughtful design come together in this stunning single-story home by Scott Felder Homes, perfectly positioned on a sprawling 1.02-acre homesite in Leander Estates. Offering 3,488 square feet, this thoughtfully designed residence features 4 bedrooms, 4 full baths, a powder bath, a dedicated home office, game room and a 3-car garage. At the heart of the home, the chef's kitchen showcases an oversized quartz island, KitchenAid appliances including double ovens, a custom vent hood and designer tile backsplash, along with a separate prep kitchen offering additional cabinetry and workspace for effortless entertaining. A spectacular 15-foot multi-slide glass door fills the family room with natural light while seamlessly extending the living space to the oversized covered patio. Warm contemporary finishes include luxury vinyl plank flooring, soft-close cabinetry, a custom tiled fireplace, designer lighting and carefully curated selections throughout. The private primary retreat offers a vaulted ceiling, freestanding soaking tub, oversized frameless walk-in shower, dual walk-in closets and the rare convenience of separate water closets for added privacy. Each secondary bedroom enjoys convenient access to a full bath, creating comfortable accommodations for family and guests alike. Timeless Hill Country architecture, exceptional craftsmanship and over an acre of space combine to create one of Leander Estates' most compelling luxury home opportunities.

At $300/sqft, this home is priced 24% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2948 Redwood Grv, Leander, TX 78641

Property Details

Price $1,046,990
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,488 sqft
Lot Size 1.02 acres (44,431.2 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Leander Estates
County Williamson
Zip Code 78641
$/sqft $300/sqft
Days on Market ,
HOA $1,400/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241776018
List Date July 30, 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.

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
14410 & 14380 Hero Way None W
None
$1,050,000 $404 4 bd / 2 ba 2,599 sqft , 2026-02-21
1700 Jackpot Run
Fairways At Crystal Falls Sec
$1,040,000 $313 4 bd / 4 ba 3,321 sqft , 2026-06-05
5037 Carsoli Ln
Travisso Ph 4 Sec 5
$1,029,000 $224 4 bd / 5 ba 4,602 sqft , 2026-05-28
3713 Venezia Vw
Travisso Sec 1 Ph 2
$1,025,000 $244 5 bd / 4 ba 4,198 sqft , 2026-07-29
1321 Indigo Bush Ln
Wildspring - Grove Collection
$1,074,000 $285 4 bd / 5 ba 3,763 sqft , 2026-07-14

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
$5,026/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
$209,398
20% conventional investment loan

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

Estimated Gross Rent+$5,026
Principal + Interest−$5,714
Property Tax (~2.1% TX avg)−$1,832
Insurance (~0.5%)−$436
Est. Monthly Cash Flow $-2,956

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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