Active Listing  ·  32 days on market

500 Municipal Dr #103

Leander, TX 78641
$315,000
3 Bed 3 Bath 1,434 sqft $220/sqft Built 2025 0.02 acres 1-Car Garage Pool New Construction Municipal Drive Townhomes

Luxury living meets effortless convenience at Municipal Townhomes in Leander!

These beautifully designed 3-bedroom, 2-bath townhomes offer functional, elevated floor plans, plus an upstairs loft for the perfect flex space. With stylish finishes and true lock-and-leave living, you get the comfort of home without all the upkeep.

And the best part? You’re right in the heart of growing Leander—close to everything while still having a place that feels like your own.

Come see for yourself. You may just find your next home.

At $220/sqft, this home is 7% 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

500 Municipal Dr #103, Leander, TX 78641

Property Details

Price $315,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,434 sqft
Lot Size 0.02 acres (784.08 sqft)
Year Built 2025
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Municipal Drive Townhomes
County Williamson
Zip Code 78641
$/sqft $220/sqft
Days on Market ,
HOA $150/Monthly
Annual Tax Est. $7,190.76
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243975789
List Date August 21, 2026
Elementary School Camacho
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 →

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
701 Los Robles Rd
Estates of North Creek Ranch Sec 02
$315,000 $200 3 bd / 2 ba 1,572 sqft , 2026-03-13
500 Municipal Dr #302
Municipal Drive Townhomes
$314,990 $203 4 bd / 3 ba 1,548 sqft , 2026-08-26
500 Municipal Dr #402
Municipal Drive Townhomes
$312,990 $218 3 bd / 3 ba 1,434 sqft , 2026-08-26
500 Municipal Dr #404
Municipal Drive Townhomes
$312,990 $218 3 bd / 3 ba 1,434 sqft , 2026-08-27
500 Municipal Dr #102
Municipal Drive Townhomes
$318,000 $205 4 bd / 3 ba 1,548 sqft , 2026-08-21

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 · 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 22, 2026.

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