Active Listing  ·  28 days on market

429 Falcon Ln

Leander, TX 78641
$300,000
3 Bed 2 Bath 1,844 sqft $163/sqft Built 2006 0.15 acres 2-Car Garage Pool Summerlyn Ph L-1A

Fantastic value in Summerlyn area! Dont' miss this opportunity! Looking for space, privacy and an unbeatable

location? This inviting home in desirable Summerlyn offers room to spread out, relax and entertain-all at a price you 

won't want to miss! Step inside to discover a spacious, open kitchen featuring stainless steel appliances, including a

new refrigerator, with plenty of room to prepare meals and gather with family and friends. The bright breakfast area

overlooks the side yard and offers the perfect spot to enjoy your morning coffee while watching the hummingbirds. Need a home office? The formal dining room near the entry offers a flexible space to work from home or create a

dedicated dining area for entertaining. The huge family room is ready for move nights, game days and cozy evenings

around the real wood-burning  fireplace. There's plenty of room for a sectional sofa and a big-screen TV! Retreat to

the private primary suite, thoughtfully separated from the secondary bedrooms. The spacious primary bath

features a separate shower and relaxing garden tub, while the large walk-in closet offers plenty of storage. The 

secondary bedrooms are located on the opposite side of the home, providing added privacy and feature their own bath.

Enjoy outdoor livingin the privacy fenced backyard with no neighbors directly behind you! Luxury plank vinyl flooring and

tile throughout mean no carpet to worry about! Summerlyn residents enjoy wonderful community amenities, including a

pool and park within walking distance. Plus you're close to Leander acclaimed schools and just 2 miles from Costco, Target and HEB grocery! Space, comfort, privacy and convenience-all in one great location! Call today!

At $163/sqft, this home is 29% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

429 Falcon Ln, Leander, TX 78641

Property Details

Price $300,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,844 sqft
Lot Size 0.15 acres (6,625.48 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerlyn Ph L-1A
County Williamson
Zip Code 78641
$/sqft $163/sqft
Days on Market ,
HOA $26/Monthly
Annual Tax Est. $7,540
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249905381
List Date October 15, 2026
Elementary School Larkspur
Middle School Danielson
High School Glenn
School District Leander ISD

Leander ISD

Larkspur · Danielson · Glenn

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 →

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
39 Pacific Loon St
Sunmerlyn West Sec 4 & 5
$300,000 $180 3 bd / 3 ba 1,667 sqft , 2026-11-02
46 Snowy Plover Ln
Summerlyn West
$299,990 $163 3 bd / 3 ba 1,837 sqft , 2026-07-23
341 Ancellotta Way
Highland Terrace
$299,500 $241 3 bd / 2 ba 1,243 sqft , 2026-10-06
216 Hoot Owl Ln N
SUMMERLYN
$295,000 $195 3 bd / 2 ba 1,515 sqft , 2026-10-22
453 Agave Azul Way
WILDLEAF
$294,995 $169 4 bd / 3 ba 1,746 sqft , 2026-08-26

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (assumed ~2.1%)−$525
Insurance (assumed ~0.5%)−$125
Est. Monthly Cash Flow $-847

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

More Luxury Homes in Leander

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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 October 20, 2026.

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

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