Active Listing  ·  164 days on market

316 Middle Brook Dr

Leander, TX 78641
$450,000
4 Bed 4 Bath 2,913 sqft $154/sqft Built 2017 0.14 acres 2-Car Garage Pool Oak Creek

Wow! Best priced home in Leander--> New roof PLUS Former model home in Leander’s Oak Creek community offering 4 bedrooms, 3.5 baths, and 2,913 square feet with multiple living spaces and a functional layout designed for everyday living.

High ceilings in the foyer and main living area create an open feel, while the kitchen, dining, and living spaces connect naturally for both entertaining and daily routines. The kitchen offers generous cabinetry, ample prep space, and easy flow into the main gathering areas.

Additional spaces include a dedicated media room and game room, providing flexibility for work, hobbies, guests, or separate living areas. Features throughout the home include French doors, custom shutters, surround sound pre-wiring, automatic sprinkler system, and a new roof installed Spring 2026.

Built with Meritage energy-efficient construction designed to help reduce utility costs and improve year-round comfort.

Oak Creek residents enjoy access to a community pool, covered pavilion, parks, playgrounds, and hike-and-bike trails. Conveniently located near 183A, San Gabriel Parkway, MetroRail access, shopping, dining, and Leander’s growing Northline district. Zoned to Leander ISD.

Corporate relocation. Contact agent for offer instructions.

At $154/sqft, this home is 36% below the Leander active market average of $241/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

316 Middle Brook Dr, Leander, TX 78641

Property Details

Price $450,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,913 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Creek
County Williamson
Zip Code 78641
$/sqft $154/sqft
Days on Market ,
HOA $57/Monthly
Annual Tax Est. $8,145
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218861942
List Date February 21, 2026
Elementary School Jim Plain
Middle School Leander Middle
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
544 Appalachian Trl
TRAILS AT LEANDER
$450,000 $164 5 bd / 3 ba 2,737 sqft , 2025-11-21
1114 Calistoga Dr
Ridgewood South Ph 02
$450,000 $166 4 bd / 3 ba 2,710 sqft , 2026-02-27
1013 Matheson Dr
Savanna Ranch
$450,000 $153 5 bd / 3 ba 2,941 sqft , 2026-04-17
941 Del Raphael Dr
Palmera Ridge
$450,000 $219 3 bd / 2 ba 2,052 sqft , 2026-06-02
1012 Hillrose Dr
Savanna Ranch Sec 4
$450,000 $172 3 bd / 3 ba 2,609 sqft , 2026-06-05

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 →