Active Listing  ·  61 days on market

501 Buttermilk Ln

Leander, TX 78641
$410,000
3 Bed 2 Bath 2,077 sqft $197/sqft Built 2015 0.17 acres 2-Car Garage Pool Northside Meadow

Awesome move-in ready, one story with over 2,000 sq ft. This home has 3 bedrooms +(office/study/flex room) and 2 baths. This home features tile floors through-out with recent(never lived on) carpet in the bedrooms. You will love the high vaulted ceiling with art niches in the large living area. There are numerous 42" cabinets in the island kitchen, with barstool area, stainless appliances, and granite countertops. The primary bedroom is a short hallway off the kitchen area. The primary bath has 2 vanities with lots of cabinets for storage, large soaking tub, separate walk-in shower with seat. Don't miss the large walk-in closet. The 2nd and 3rd bedrooms with bath & laundry are in a hallway off the living area. The open floorplan flows seamlessly to the covered patio-perfect for outdoor entertaining in the level backyard with full gutters and sprinklers. The location is ideal with a park across the street, a short walk to the pool and splash pad, 5 parks, area social events, throughout the year, less than a mile to the Metro Rail, and HEB Plus, nearby restaurants, shops. Highly rated Leander ISD Schools.

At $197/sqft, this home is 18% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

501 Buttermilk Ln, Leander, TX 78641

Property Details

Price $410,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,077 sqft
Lot Size 0.17 acres (7,322.44 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northside Meadow
County Williamson
Zip Code 78641
$/sqft $197/sqft
Days on Market ,
HOA $77/Monthly
Annual Tax Est. $8,868.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225536288
List Date June 16, 2026
Elementary School Jim Plain
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
904 Prominence Way
South Brook
$416,950 $215 4 bd / 2 ba 1,936 sqft , 2026-08-11
912 Prominence Way
South Brook
$421,950 $226 3 bd / 2 ba 1,868 sqft , 2026-08-13
1005 Sundrops St
Oak Creek Ph 4
$424,900 $197 4 bd / 2 ba 2,161 sqft , 2026-02-26
1313 Mustang Brook Ln
Oak Creek Ph 5
$425,000 $193 4 bd / 3 ba 2,204 sqft , 2026-06-02
709 LOS ROBLES Rd
Estate/North Crk Ranch Sec 02
$389,900 $172 4 bd / 3 ba 2,261 sqft , 2026-07-31

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
$1,968/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
$82,000
20% conventional investment loan

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

Estimated Gross Rent+$1,968
Principal + Interest−$2,238
Property Tax (~2.1% TX avg)−$718
Insurance (~0.5%)−$171
Est. Monthly Cash Flow $-1,159

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 7, 2026.

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