Active Listing  ·  9 days on market

505 Buttermilk Ln

Leander, TX 78641
$425,000
4 Bed 3 Bath 2,506 sqft $170/sqft Built 2015 0.17 acres 2-Car Garage Pool Northside Mdw Ph 2

Welcome to 505 Buttermilk Lane in Leander! This inviting 4-bedroom, 3-FULL bath home offers 2,506 square feet of thoughtfully designed living space with a flexible floor plan to fit a variety of lifestyles. The main level features three bedrooms, including a spacious primary suite, along with an open living area, high ceilings, and an inviting kitchen complete with granite countertops, stainless steel appliances, ample cabinetry, and a breakfast bar. Luxury vinyl plank and tile flooring throughout much of the home provide a stylish look with easy maintenance. Upstairs, discover an additional bedroom, full bathroom, and versatile loft space ideal for a home office, game room, or guest retreat. Step outside to enjoy the covered back porch and pergola, complete with a metal roof and privacy curtains, creating a welcoming space for relaxing or entertaining. The backyard offers room to enjoy the outdoors, while the community amenities include a neighborhood pool and playground. Conveniently located in Leander with access to Leander ISD schools, this home combines flexible living spaces, comfortable indoor-outdoor living, and neighborhood convenience. Come see all that 505 Buttermilk Lane has to offer!

At $170/sqft, this home is 26% 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

505 Buttermilk Ln, Leander, TX 78641

Property Details

Price $425,000
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 $170/sqft
Days on Market ,
HOA $77/Monthly
Annual Tax Est. $9,402.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251190617
List Date November 3, 2026
Elementary School Jim Plain
Middle School Leander Middle
High School Glenn
School District Leander ISD

Leander ISD

Jim Plain · Leander Middle · 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.

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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
1313 Mustang Brook Ln
Oak Creek Ph 5
$425,000 $193 4 bd / 3 ba 2,204 sqft , 2026-06-02
616 Heinatz Flat Ln
NORTHSIDE MEADOW
$422,000 $215 3 bd / 2 ba 1,963 sqft , 2026-10-29
424 Turnbuckle Bnd
Horizon Lk Ph I Sec 1
$429,900 $197 4 bd / 3 ba 2,179 sqft , 2026-09-24
1416 Hartley Dr
South Brook
$429,950 $168 4 bd / 3 ba 2,563 sqft , 2026-10-29
605 Palmilla St
Oak Creek Ph 2
$429,999 $191 4 bd / 2 ba 2,255 sqft , 2026-10-27

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (assumed ~2.1%)−$744
Insurance (assumed ~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 · 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 November 8, 2026.

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

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