Active Listing  ·  433 days on market

504 Chaparral Dr

Leander, TX 78641
$475,000
5 Bed 4 Bath 2,846 sqft $167/sqft Built 2006 0.21 acres 3-Car Garage Pool Vista Ridge Ph 03

NEWLY UPDATED!! Ask how we can match new build buy downs!! Back on market after multiple beautiful updates to home. Come take a look! Welcome to 504 Chaparral Dr. This home features 5 bedrooms + flex room, formal dining (currently used as an office that could easily be closed off) TWO living spaces and a 3 car garage. There is ample room for entertaining both inside this home and outside. This property is a corner lot that sits on just over .2 acres with both a large front porch and rear patio. It's just a quick walk to the community pool and playgrounds! Within the home you will find updates from new flooring (Porcelain Tile), fresh paint, updated light fixtures, flooring newly tiled fireplace and painted cabinets, painted floorboards. The backyard features an irrigated gardening area + a storage shed for plenty of extra storage for all your gardening needs.

IT GETS BETTER!! - We have partnered with a fabulous lending team that can offer up to 1% lending incentive!! Ask agent for details!

At $167/sqft, this home is 31% 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

504 Chaparral Dr, Leander, TX 78641

Property Details

Price $475,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths 1
Living Area 2,846 sqft
Lot Size 0.21 acres (8,973.36 sqft)
Year Built 2006
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vista Ridge Ph 03
County Williamson
Zip Code 78641
$/sqft $167/sqft
Days on Market ,
HOA $400/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT198480380
List Date May 28, 2025
Elementary School Camacho
Middle School Leander Middle
High School Leander High
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 · May 28, 2025 $515,000
Previous ask $485,000
Current ask $475,000
Reduced $40,000 (-7.8%) 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
1209 Willie Ranch Way
Bryson
$475,000 $173 4 bd / 3 ba 2,743 sqft , 2026-07-10
2313 Spokane Dr
Cedar Brook
$474,990 $195 4 bd / 3 ba 2,441 sqft , 2026-07-27

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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