Active Listing  ·  230 days on market

416 Mistflower Springs Dr

Leander, TX 78641
$465,000
3 Bed 2 Bath 2,607 sqft $178/sqft Built 2018 0.14 acres 2-Car Garage Pool Oak Creek Ph 5

This is not a cookie cutter home! 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. The family room features large windows for lots of natural light and a nice fireplace.

Home features:

*All living down. flex space upstairs

*4 sides brick for low maintenance

*Full gutter system

*Tankless water heater

*Plumbed for water softner

*Whole house surge protector installed

*Automatic solar screens installed on back porch ultimately making it a screened in porch

*Garage door screening system installed

*Meticulously landscaped

*Backs to green space with walking trails

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 $178/sqft, this home is 25% 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

416 Mistflower Springs Dr, Leander, TX 78641

Property Details

Price $465,000
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 $178/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.

Schedule a Call →

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 $475,000
Current ask $465,000
Reduced $30,000 (-6.1%) 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
908 Prominence Way
South Brook
$474,950 $181 4 bd / 3 ba 2,617 sqft , 2026-08-19
1009 Wolcott Dr
Savanna Ranch
$450,000 $145 4 bd / 3 ba 3,110 sqft , 2026-05-30
1017 Tabernash Dr
Savanna Ranch
$480,000 $165 3 bd / 3 ba 2,901 sqft , 2026-05-15
1612 Indian Apple Way
Bryson Ph 4 Sec 4
$449,000 $201 4 bd / 3 ba 2,230 sqft , 2026-08-14
1416 Hartley Dr
South Brook
$439,950 $172 4 bd / 3 ba 2,563 sqft , 2026-06-12

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
$2,232/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
$93,000
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,538
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,314

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 · 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 August 19, 2026.

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