Active Listing  ·  285 days on market

3417 Flat Iron Ct

Leander, TX 78641
$875,000
5 Bed 5 Bath 3,929 sqft $223/sqft Built 2015 0.25 acres 3-Car Garage Pool Travisso Sec 1 Ph 2 / Grand Mesa

This spacious and tranquil hill country home is gracefully situated on the 16th hole on a quiet cul-de-sac in the lovely golf course community of Grand Mesa! Rare opportunity to own on this very unique street - the only street in this gated neighborhood to have access to both Grand Mesa and Travisso's world class amenities. Generous living space with soaring ceilings, a floor-to-ceiling stone fireplace, wall of windows that bring in tons of natural light and a thoughtful entertainment niche. Chef's kitchen with granite countertops, stainless steel appliances, an abundance of cabinet and counter space along with a cozy breakfast area. Luxurious primary suite with sitting area, granite counters, walk-in shower with separate bathtub and a huge walk-in closet. Fabulous, private backyard with a large covered patio and an inviting lounge area with firepit. Other features include a dedicated custom office, formal dining room, media room, extra living space with terrace access overlooking the golf course, rich hardwood floors downstairs, plush carpet upstairs and ample storage. Main-level secondary bedroom with private bath - perfect for multigenerational living. Easy access to 1431 through Travisso and a short drive to Randalls, Starbucks, Orangetheory, shops and restaurants. Come experience convenient hill country living at its finest!

At $223/sqft, this home is 7% 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

3417 Flat Iron Ct, Leander, TX 78641

Property Details

Price $875,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,929 sqft
Lot Size 0.25 acres (10,789.81 sqft)
Year Built 2015
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Travisso Sec 1 Ph 2 / Grand Mesa
County Travis
Zip Code 78641
$/sqft $223/sqft
Days on Market ,
HOA $77/Monthly
Annual Tax Est. $22,816.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT211011226
List Date November 4, 2025
Elementary School Whitestone
Middle School Leander Middle
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.

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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
3713 Venezia Vw
Travisso Sec 1 Ph 2
$899,000 $214 5 bd / 4 ba 4,198 sqft , 2026-07-29
2720 Rain Song Dr
Crystal Falls Bluffs Sec 3
$899,999 $221 5 bd / 5 ba 4,079 sqft , 2026-06-18
3229 Venezia Vw
Travisso
$845,000 $241 5 bd / 5 ba 3,504 sqft , 2026-08-01
4301 Sandorna Vw
Travisso
$799,000 $178 4 bd / 6 ba 4,494 sqft , 2026-01-15
2301 Fossetta Vw
Travisso Ph 2 Sec 1G
$990,000 $287 4 bd / 4 ba 3,455 sqft , 2026-07-06

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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 · 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 June 7, 2026.

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