Active Listing  ·  67 days on market

408 Mesa Oaks Rd

Leander, TX 78641
$534,000
1 Bed 1 Bath 1,500 sqft $356/sqft Built 2025 4.00 acres Pool Hidden Mesa

Newly constructed home situated on a private and usable 4-acre tract. Designed with an open-concept layout, this light-filled home features soaring ceilings, expansive windows, and a spacious kitchen, living, and dining area that creates an inviting space for everyday living and entertaining. The property includes 1 bedroom and 1 full bathroom, offering a comfortable retreat, guest house, weekend getaway, or income-producing opportunity. The land is flat, functional, and shaded by mature trees, providing endless flexibility for future expansion, hobbies, recreation, animals, equipment storage, or additional improvements. An opportunity exists to purchase the adjacent 4-acre property at 322 Mesa Oaks, featuring a fully remodeled 4-bedroom home, detached garages, workshop space, and extensive improvements. Together, the two tracts create a unique 8-acre multi-residence estate ideal for multi-generational living, guest accommodations, rental income, home-based businesses, or those seeking additional privacy and space. Properties offering this level of flexibility and expansion potential are increasingly difficult to find.

At $356/sqft, this home is priced 48% 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

408 Mesa Oaks Rd, Leander, TX 78641

Property Details

Price $534,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 1,500 sqft
Lot Size 4.00 acres (174,240 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Hidden Mesa
County Travis
Zip Code 78641
$/sqft $356/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,827
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231839834
List Date May 29, 2026
Elementary School Bagdad
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.

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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
24203 Fulkes Rd
Sandy Creek Ranches Ph 04
$530,000 $428 1 bd / 1 ba 1,239 sqft , 2026-04-27
17009 E Darleen Dr #2
Trails End Lake Travis
$499,500 $378 2 bd / 2 ba 1,320 sqft , 2026-04-01
24300 Cisco Trl
Round Mountain Oaks
$499,000 $509 2 bd / , ba 980 sqft , 2024-06-10
10918 Ridgeway St
Jonestown Hills
$379,900 $279 2 bd / 3 ba 1,361 sqft , 2026-04-24

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
$2,563/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
$106,800
20% conventional investment loan

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

Estimated Gross Rent+$2,563
Principal + Interest−$2,914
Property Tax (~2.1% TX avg)−$935
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,509

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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