Active Listing  ·  180 days on market

416 Mistflower Springs Dr

Leander, TX 78641
$475,000
3 Bed 2 Bath 2,607 sqft $182/sqft Built 2018 0.14 acres 2-Car Garage Pool Oak Creek Ph 5

A lifestyle of relaxation awaits you at 416 Mistflower Springs Drive! This stunning home backs to a tranquil wooded green space, creating the perfect zen retreat. It's a nature lover's dream, featuring a wrought iron backyard fence that offers unobstructed views of the wooded areas, with native plants attracting birds, butterflies, and rabbits. Enjoy the spacious back patio, protected by a roll-down sun shade enclosure, or take a morning stroll on the scenic walking trail behind the home that rivals Central Park. This trail crosses North Brushy Creek and enters Benbrook Ranch park where you can enjoy a frisby disk course, playground, skate park, basketball and soccer fields. The home's interior offers an open-concept living, dining, and kitchen area, with large windows that frame the breathtaking backyard views. The owner’s suite is tucked at the rear of the home for ideal privacy with an envious spa-like bath. Relaxation abounds in the ensuite, featuring two vanities separated by a deep soaking tub. The oversized walk-in shower is enclosed by custom black framed glass with a bench seat, and the walk-in closet offers abundant storage. The main level includes two secondary bedrooms, while the second level offers a large bonus room, perfect for a secondary living area, game room, office, or playroom. To complete the home’s amazing outdoor spaces, the garage is also equipped with a pull down shade, ideal for those who enjoy working on vehicles, DIY projects, or evening hangouts with friends and neighbors. The friendly community provides residents access to outdoor fun for all ages, including a relaxing pool, splash pad, playground, and walking trails. Located in a prime area with quick access to 183, numerous restaurants, and HEB just a short drive away within the neighborhood (no need to get on any road with heavy traffic or highway!) Come experience the serenity of 416 Mistflower Springs Drive today!

At $182/sqft, this home is 24% 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

416 Mistflower Springs Dr, Leander, TX 78641

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,607 sqft
Lot Size 0.14 acres (6,316.2 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Creek Ph 5
County Williamson
Zip Code 78641
$/sqft $182/sqft
Days on Market ,
HOA $57.5/Monthly
Annual Tax Est. $9,427.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218391944
List Date February 5, 2026
Elementary School Pauline Naumann
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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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · February 5, 2026 $495,000
Previous ask $480,000
Current ask $475,000
Reduced $20,000 (-4.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
1009 Wolcott Dr
Savanna Ranch
$475,000 $153 4 bd / 3 ba 3,110 sqft , 2026-05-30
516 Arrowhead Vine St
LARKSPUR R4
$475,000 $156 4 bd / 4 ba 3,045 sqft , 2026-05-29
1428 Macfarland St
Mason Hills
$475,000 $242 4 bd / 2 ba 1,965 sqft , 2026-06-17
1340 Castalo Ln
Travisso
$475,000 $231 3 bd / 3 ba 2,052 sqft , 2026-06-26
1209 Willie Ranch Way
Bryson
$475,000 $173 4 bd / 3 ba 2,743 sqft , 2026-07-10

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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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