Active Listing  ·  40 days on market

505 Washington Square Dr

Leander, TX 78641
$330,000
3 Bed 2 Bath 1,722 sqft $192/sqft Built 2005 0.17 acres 2-Car Garage Pool Horizon Park

Great one-story home, freshly painted and ready for its new owners! Seller is a home improvement professional, and it shows—this home has been exceptionally well maintained and is in great condition. Roof replaced in 2020, with a recent HVAC and water heater. Spacious great room features LVP flooring throughout with tile in wet areas—no carpet! Primary suite is tucked at the back of the home and offers a walk-in shower, soaking tub, and great closet space. Generously sized secondary bedrooms. Eat-in kitchen opens to the family room with high ceilings. Enjoy the outdoors under the pergola-covered back porch. Neighborhood amenities include parks, playgrounds, and pool areas. Conveniently located near 183, shopping, dining, and more, with Leander ISD!

At $192/sqft, this home is 19% 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 Washington Square Dr, Leander, TX 78641

Property Details

Price $330,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,722 sqft
Lot Size 0.17 acres (7,230.96 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horizon Park
County Williamson
Zip Code 78641
$/sqft $192/sqft
Days on Market ,
HOA $85/Quarterly
Annual Tax Est. $6,949
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243323836
List Date August 13, 2026
Elementary School Pleasant Hill
Middle School Knox Wiley
High School Rouse
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
613 Glen Valley Ln
Horizon Park Sec 03
$325,000 $192 3 bd / 2 ba 1,696 sqft , 2026-09-09
1109 Chardonnay Xing
Vineyard At Block House Creek
$335,000 $182 3 bd / 2 ba 1,842 sqft , 2026-09-17
2423 BYFIELD Dr
COVENTRY CROSSING, SEC. 1
$336,000 $183 3 bd / 3 ba 1,832 sqft , 2026-06-13
1512 Dillon Lake Bnd
Block House Creek Ph D Sec 02
$336,000 $200 4 bd / 2 ba 1,678 sqft , 2026-07-23
17400 Bottle Springs Ln
Block House Creek Sec 503
$340,000 $198 3 bd / 2 ba 1,716 sqft , 2026-08-14

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
$1,584/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
$66,000
20% conventional investment loan

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

Estimated Gross Rent+$1,584
Principal + Interest−$1,801
Property Tax (~2.1% TX avg)−$578
Insurance (~0.5%)−$138
Est. Monthly Cash Flow $-933

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 August 26, 2026.

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