Active Listing  ·  44 days on market

513 Friendship Cv

Leander, TX 78641
$419,900
5 Bed 3 Bath 3,351 sqft $125/sqft Built 2006 0.16 acres 2-Car Garage Pool Old Town Village Sec 03

Set in the heart of Old Town Village, 513 Friendship Cove offers the kind of space and character that’s becoming a rare find. This expansive 2-story home sits in an established community, blending a sense of tradition with thoughtful updates that makes it feel fresh and intentional. The layout strikes that perfect balance - open enough to feel modern, yet with distinct spaces that make it easy to furnish and live in. Off the entry, you’re greeted by a versatile flex room with custom built-ins. Whether you envision a home library, a quiet office, or a cozy sitting room, this space sets a beautiful tone for the rest of the home. As you move further in, the main level unfolds into a flow designed for hosting. The formal dining room leads directly to an open-concept living room, casual dining area, and kitchen. A pop of color provides a stylish touch, appearing on the flex room bookcases, the living room accent wall, and the kitchen cabinetry for a pop of color that feels cohesive, warm, and neutral. Anchored by rich wood-look flooring, the aesthetic is warm and inviting. The main floor is dedicated to communal living and entertaining, rounded out by a powder room and a massive butler’s pantry-meets-laundry room that offers an incredible amount of storage. Privacy is the priority upstairs, where you’ll find 5 bedrooms and a bonus room that’s ready to become a game room or lounge. The primary suite offers enough space for a sitting area, with an ensuite bath featuring a soaking tub, a separate shower, and a dual vanity, creating a relaxing escape at the end of the day. This home puts you in the center of the local rhythm. You’re a short stroll from the charm of Old Town Leander, Camacho Elementary, and Leander Middle School. Plus, daily essentials are easy to reach with HEB and 183A just 5 minutes away, and Leander High School only a 9-min drive from your door. It is a rare opportunity to find this much space and style in a perfectly positioned location. Welcome home!

At $125/sqft, this home is 48% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

513 Friendship Cv, Leander, TX 78641

Property Details

Price $419,900
Status Active Listing
Beds 5
Full Baths 2
Half Baths 1
Living Area 3,351 sqft
Lot Size 0.16 acres (7,104.64 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Old Town Village Sec 03
County Williamson
Zip Code 78641
$/sqft $125/sqft
Days on Market ,
HOA $200/Annually
Annual Tax Est. $8,702
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238200963
List Date July 3, 2026
Elementary School Camacho
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.

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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 · July 3, 2026 $424,900
Current ask $419,900
Reduced $5,000 (-1.2%) 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
1411 Encino Dr
Vista Ridge Ph 01
$415,000 $143 4 bd / 3 ba 2,900 sqft , 2026-07-26
124 Dove Song Dr
Old Town Village Sec 03
$414,900 $123 5 bd / 3 ba 3,380 sqft , 2026-05-16
1436 Lindo Dr
VISTA RIDGE PH 2-B
$429,000 $133 5 bd / 4 ba 3,237 sqft , 2026-06-13
424 Turnbuckle Bnd
Horizon Lk Ph I Sec 1
$432,180 $198 4 bd / 3 ba 2,179 sqft , 2026-08-08
1201 Drake Cv
Woods At Mason Creek 02 Sec 04
$435,000 $166 4 bd / 3 ba 2,614 sqft , 2026-07-18

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
$2,016/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
$83,980
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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 · 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 12, 2026.

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