Active Listing  ·  8 days on market

505 Cerezo Dr

Leander, TX 78641
$395,000
3 Bed 2 Bath 2,177 sqft $181/sqft Built 2014 0.15 acres 2-Car Garage Pool Vista Ridge

Like-new 2014 single story home offers a bright floor plan w/ towering 12-foot ceilings, dedicated office, sunroom & an entertainer's kitchen that boasts a HUGE island, granite counters & Stainless appliances. Appealing ranch style w/ brick & stone accents make this home one of a kind. The gourmet kitchen, with its curved granite island, overlooks the large dining area and family room, so the chef will always be part of the party! Natural light spills through the windows that flank the back of the living space. The study and sunroom provide a world of possibilities, as these rooms can be used as an office, sitting room, gym or retreat for kids. Private primary bedroom w/ ensuite bath featuring dual vanity, walk-in shower, walk-in closet and soaking tub. The Vista Ridge clubhouse and community pool are an easy walk. Robin Bledsoe Park w/ city pool, pavilion, playground, turf fields & sport courts right outside of the community. Conveniently located near shopping, dining, groceries, parks, and top-rated schools in Leander ISD, with easy access to major roadways for commuting, this home offers the ideal combination of comfort, space, and convenience!

At $181/sqft, this home is 24% 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

505 Cerezo Dr, Leander, TX 78641

Property Details

Price $395,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,177 sqft
Lot Size 0.15 acres (6,516.58 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vista Ridge
County Williamson
Zip Code 78641
$/sqft $181/sqft
Days on Market ,
HOA $35/Monthly
Annual Tax Est. $7,816
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248148334
List Date September 30, 2026
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.

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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
849 Corvallis Dr
Cedar Brook
$389,990 $224 3 bd / 2 ba 1,739 sqft , 2026-07-14
1411 Encino Dr
Vista Ridge Ph 01
$389,900 $134 4 bd / 3 ba 2,900 sqft , 2026-07-26
709 American Trl #58
Trails/Leander Condos
$405,000 $162 4 bd / 3 ba 2,499 sqft , 2026-09-15
1710 Greening Way
Mason Creek Sec 01
$381,000 $178 4 bd / 3 ba 2,146 sqft , 2026-09-01
740 Aliso Trl
Trails At Leander Condo
$380,000 $152 3 bd / 3 ba 2,494 sqft , 2026-09-15

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
$1,896/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
$79,000
20% conventional investment loan

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

Estimated Gross Rent+$1,896
Principal + Interest−$2,156
Property Tax (~2.1% TX avg)−$691
Insurance (~0.5%)−$165
Est. Monthly Cash Flow $-1,116

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 October 1, 2026.

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