Active Listing  ·  119 days on market

3700 Medicine Hat None

Leander, TX 78641
$1,175,000
5 Bed 5 Bath 4,705 sqft $250/sqft Built 2010 1.36 acres 4-Car Garage Pool Grand Mesa At Crystal Falls Ii

Tucked away behind the gates of Grand Mesa at Crystal Falls, this exceptional Highland Homes estate is situated on a heavily wooded 1.36-acre corner lot that balances pristine privacy with neighborhood prestige. From the moment you arrive, the sprawling drive and four-car garage hint at the sheer scale of the property, offering an abundance of parking for family and guests. The layout is a masterclass in architectural flow, intentionally designed to transition effortlessly from vibrant social hosting to quiet everyday living. The foyer sets a commanding tone with a sweeping curved staircase, opening into a grand main level adorned with rich hardwood floors and striking stone accents. A gourmet kitchen serves as the central anchor, boasting expansive granite counters, high-end appliances, and a seamless connection to the family room. Retreat to the main-floor primary wing, featuring a dedicated sitting room/study and dual walk-in closets, alongside a highly sought-after secondary bedroom suite perfect for long-term guests. Upstairs, the home transforms into an entertainment destination, offering a full media room for true cinematic viewing, a game room with a wet bar, and an elevated balcony that frames miles of uninterrupted Texas Hill Country vistas. However, the defining feature of this estate is the outdoor transition. The interior opens up to a beautiful oversized covered deck that overlooks a remarkably level, heavily treed backyard. The unique topography offers a rare blank canvas with massive space to easily construct a premier custom pool and a full sport court while remaining completely shielded from view. While the photos hint at the lifestyle this property affords, they cannot capture the quiet ambiance, the cool afternoon breeze on the deck, or the true scale of the acreage. This is an estate that must be walked to be appreciated. Schedule your private viewing today.

At $250/sqft, this home is priced 9% above the Leander active market average of $230/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3700 Medicine Hat None, Leander, TX 78641

Property Details

Price $1,175,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 4,705 sqft
Lot Size 1.36 acres (59,433.26 sqft)
Year Built 2010
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Grand Mesa At Crystal Falls Ii
County Travis
Zip Code 78641
$/sqft $250/sqft
Days on Market ,
HOA $104/Monthly
Annual Tax Est. $27,733.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240006066
List Date July 16, 2026
Elementary School Whitestone
Middle School Leander Middle
High School Leander High
School District Leander ISD

Leander ISD

Whitestone · Leander Middle · Leander High

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
1601 Coronado None
Grand Mesa At Crystal Falls
$1,195,000 $355 5 bd / 4 ba 3,370 sqft , 2026-06-07
608 Brave Face St
Grand Mesa At Crystal Falls Ii
$1,075,000 $272 5 bd / 4 ba 3,956 sqft , 2026-05-01
1001 La Cantera None
Grand Mesa At Crystal Falls
$1,299,500 $357 4 bd / 4 ba 3,642 sqft , 2026-03-31
1612 High Lonesome None
Grand Mesa At Crystal Falls II
$1,049,500 $338 4 bd / 4 ba 3,106 sqft , 2026-07-14
4104 Belisario Ct
Travisso
$950,000 $257 4 bd / 5 ba 3,694 sqft , 2025-10-16

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
$5,640/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
$235,000
20% conventional investment loan

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

Estimated Gross Rent+$5,640
Principal + Interest−$6,412
Property Tax (assumed ~2.1%)−$2,056
Insurance (assumed ~0.5%)−$490
Est. Monthly Cash Flow $-3,318

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 · 41 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. The written content was last updated on August 8, 2026.

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

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