Active Listing  ·  67 days on market

516 Arrowhead Vine St

Leander, TX 78641
$475,000
4 Bed 4 Bath 3,045 sqft $156/sqft Built 2022 0.14 acres 2-Car Garage Pool LARKSPUR R4

Welcome to 516 Arrowhead Vine St in Leander's highly desirable Larkspur community. This beautifully designed two-story North facing home offers over 3,000 square feet of living space with 4 spacious bedrooms, a private study, and an expansive upstairs game room, providing plenty of room to live, work, and entertain.

The open-concept floor plan features a spacious kitchen overlooking the main living area and a formal dining space perfect for gatherings. Thoughtful design, abundant natural light, and generous room sizes create a warm and inviting atmosphere throughout.

Enjoy additional upgrades including epoxy-coated flooring in both the garage and covered back patio, plus a SafeRacks overhead garage storage rack for added organization and convenience.

Conveniently located with quick access to US-183, this home is just minutes from shopping, dining, entertainment, Costco is just 3 min away, and H-E-B. Students attend highly acclaimed Leander ISD schools, with Larkspur Elementary located within the neighborhood.

Residents enjoy exceptional community amenities that including a resort-style pool, splash pad, clubhouse, playgrounds, walking trails, and more.

As a bonus, the seller is willing to include the refrigerator, washer, and dryer with an acceptable offer. Don't miss this opportunity to own a beautifully maintained home in one of Leander's most sought-after communities.

At $156/sqft, this home is 35% 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

516 Arrowhead Vine St, Leander, TX 78641

Property Details

Price $475,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,045 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision LARKSPUR R4
County Williamson
Zip Code 78641
$/sqft $156/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231741524
List Date May 29, 2026
Elementary School Larkspur
Middle School Danielson
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
416 Mistflower Springs Dr
Oak Creek Ph 5
$475,000 $182 3 bd / 2 ba 2,607 sqft , 2026-02-05
504 Chaparral Dr
Vista Ridge Ph 03
$475,000 $167 5 bd / 4 ba 2,846 sqft , 2025-05-28
1009 Wolcott Dr
Savanna Ranch
$475,000 $153 4 bd / 3 ba 3,110 sqft , 2026-05-30
1340 Castalo Ln
Travisso
$475,000 $231 3 bd / 3 ba 2,052 sqft , 2026-06-26
1209 Willie Ranch Way
Bryson
$475,000 $173 4 bd / 3 ba 2,743 sqft , 2026-07-10

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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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