Active Listing  ·  65 days on market

408 Red Matador Ln

Leander, TX 78641
$350,000
3 Bed 2 Bath 1,517 sqft $231/sqft Built 2019 0.17 acres 2-Car Garage Pool Caughfield Ph 3b

This lovely one-story home offers an excellent open floor plan and a beautiful greenbelt lot! 1517 square feet, 3 bedrooms, 2 baths, island kitchen, breakfast bar, breakfast room, and laundry room. Interior features include granite counters, high ceilings, laminate flooring, ceiling fans, and recessed lights. The primary bathroom has a huge shower and double vanity. Exterior features include a greenbelt view, spacious yard, back porch, fire pit area, and sprinkler system. HOA amenities include a resort like pool, fitness room, and club house. This home's location is within walking distance of Larkspur Elementary, but is tucked away from the school traffic. Also zoned to Danielson Middle School and Glenn High School. Conveniently located near Hwy 183, Ronald Reagan Blvd, the new Costco, the largest Target in the US, HEB, Austin Community College, Leander's future downtown, the metro station, and restaurants.

At $231/sqft, this home is 4% 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

408 Red Matador Ln, Leander, TX 78641

Property Details

Price $350,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,517 sqft
Lot Size 0.17 acres (7,274.52 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Caughfield Ph 3b
County Williamson
Zip Code 78641
$/sqft $231/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $8,108.98
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231380916
List Date May 31, 2026
Elementary School Larkspur
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.

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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
2107 Emerald Isle Dr
County Glen Sec 03
$350,000 $184 3 bd / 2 ba 1,903 sqft , 2025-08-21
1470 Oak Grove Rd
Eaton
$350,000 $268 3 bd / 2 ba 1,304 sqft , 2026-02-20
16901 Stockton Dr
Block House Crk Ph E Sec 614
$350,000 $176 3 bd / 3 ba 1,986 sqft , 2026-05-11
2240 Ringstaff Rd
Bryson Ph 2 Sec 1
$350,000 $211 3 bd / 2 ba 1,662 sqft , 2026-05-21
204 Lambert St
Larkspur
$350,000 $203 4 bd / 2 ba 1,720 sqft , 2026-07-24

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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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