Active Listing  ·  134 days on market

505 Buttermilk Ln

Leander, TX 78641
$439,000
4 Bed 3 Bath 2,506 sqft $175/sqft Built 2015 0.17 acres 2-Car Garage Pool Northside Mdw Ph 2

Welcome to 505 Buttermilk Ln — an exceptional home that blends comfort, style, and thoughtful design in a highly desirable neighborhood. This beautifully maintained 4 bedroom home offers 3 bedrooms on the main level, including a spacious primary suite, plus an extra bedroom and a versatile loft/bonus room upstairs — perfect for guests, a home office, or play space. The open and inviting floor plan is highlighted by luxury vinyl plank and ceramic tile floors throughout most of the home, creating a seamless flow and easy upkeep. The heart of the home is the well-appointed kitchen featuring stainless steel appliances, granite countertops, ample cabinet space, and a convenient layout for both everyday cooking and entertaining. The primary bedroom has a private en-suite bathroom complete with a double vanity and a tiled glass-door shower. Upstairs you’ll find additional flexible living space — an extra bedroom ideal for guests or family, a full bathroom, plus a bonus room/loft that can adapt to your lifestyle needs. Outdoor living is a delight in the back yard which includes a pergola and covered porch, thoughtfully expanded with a metal roof and privacy curtains — perfect for year-round enjoyment and entertaining.

At $175/sqft, this home is 27% 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

505 Buttermilk Ln, Leander, TX 78641

Property Details

Price $439,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,506 sqft
Lot Size 0.17 acres (7,348.57 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northside Mdw Ph 2
County Williamson
Zip Code 78641
$/sqft $175/sqft
Days on Market ,
HOA $77/Monthly
Annual Tax Est. $8,164
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223166697
List Date March 23, 2026
Elementary School Jim Plain
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
1001 Swan Flower St
Oak Creek
$439,888 $188 3 bd / 2 ba 2,336 sqft , 2026-03-26
1309 Patito Pl
Villas at Vista Ridge
$439,900 $189 3 bd / 3 ba 2,325 sqft , 2026-05-23
1524 Uhland Dr
Mason Ranch Ph 1 Sec 2
$439,900 $183 4 bd / 3 ba 2,402 sqft , 2026-05-27
849 Corvallis Dr
Cedar Brook
$439,990 $253 3 bd / 2 ba 1,739 sqft , 2026-07-14
2416 BURBERRY Ln
DEERBROOKE
$440,000 $195 3 bd / 2 ba 2,251 sqft , 2026-03-15

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
$2,107/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
$87,800
20% conventional investment loan

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

Estimated Gross Rent+$2,107
Principal + Interest−$2,396
Property Tax (~2.1% TX avg)−$768
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,240

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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