Active Listing  ·  6 days on market

348 King Elder Ln

Leander, TX 78641
$375,000
4 Bed 3 Bath 2,610 sqft $144/sqft Built 2007 0.24 acres 2-Car Garage Pool Summerlyn Ph P-2

Situated on one of the largest homesites in the neighborhood, this beautifully maintained residence offers an exceptional combination of comfort, functionality, and outdoor space in the heart of Leander. A welcoming covered entry leads into a light-filled interior featuring soaring ceilings, abundant natural light, and thoughtfully designed living areas.

The open-concept kitchen is equipped with maple cabinetry, a tile backsplash, built-in microwave, breakfast bar, and generous counter space, all seamlessly connected to the family room, where a wood-burning fireplace creates a warm and inviting gathering space. A dedicated home office and formal dining area provide flexibility for remote work, entertaining, and everyday living.

The main-level primary suite offers a private retreat with a garden tub, separate shower, and spacious walk-in closet. Upstairs, a versatile loft with an additional walk-in closet provides endless possibilities for a media room, game room, fitness area, or secondary living space.

Additional features include tile flooring throughout the main living areas, luxury vinyl flooring upstairs, recessed lighting, ceiling fans, an indoor utility room, linen storage, and a sprinkler system. With no carpet throughout, the home offers both style and ease of maintenance.

Step outside to an expansive backyard with plenty of room for outdoor entertaining, recreation, gardening, or future enhancements. Residents enjoy access to community amenities including a pool, park, playground, and sports court, supporting an active and connected lifestyle.

Conveniently located near shopping, dining, schools, and major commuter routes, this property offers the ideal blend of space, versatility, and everyday convenience.

At $144/sqft, this home is 39% below the Leander active market average of $237/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

348 King Elder Ln, Leander, TX 78641

Property Details

Price $375,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,610 sqft
Lot Size 0.24 acres (10,275.8 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerlyn Ph P-2
County Williamson
Zip Code 78641
$/sqft $144/sqft
Days on Market ,
HOA $88/Quarterly
Annual Tax Est. $8,442.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247003571
List Date September 17, 2026
Elementary School North
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
121 Tequilana Pass
Wildleaf
$364,990 $154 4 bd / 3 ba 2,376 sqft , 2026-01-16
117 Deserti Rd
WILDLEAF
$360,000 $184 3 bd / 3 ba 1,952 sqft , 2026-04-15
141 Parryi Cv
Wildleaf
$360,000 $191 4 bd / 2 ba 1,885 sqft , 2025-08-11
145 Purple Sandpiper Ln
Summerlyn West Sec 4 & 5
$360,000 $167 4 bd / 3 ba 2,156 sqft , 2026-08-12
193 Fluttermill Loop
Orchard Ridge
$350,000 $179 3 bd / 3 ba 1,956 sqft , 2026-09-14

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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

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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 September 18, 2026.

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