Active Listing  ·  9 days on market

516 Eagle Canyon Dr

Leander, TX 78641
$488,340
4 Bed 3 Bath 1,794 sqft $272/sqft Built 2026 0.13 acres 2-Car Garage Pool New Construction ROSENBUSCH RANCH

The Monroe is one of our one-story floorplans at our Rosenbusch Ranch community in Leander, TX. This floorplan offers 1,810 sq. ft. with 4 bedrooms and 3 baths.

The long foyer leads into the impressive kitchen open to the dining area and family room, perfect for entertaining. The kitchen features Silestone® or quartz countertops, a large kitchen island, and stainless steel appliances. The open concept family space offers plenty of natural lighting and looks out to the large covered patio. The stunning main bedroom, bedroom 1, is privately tucked away from the heart of the home and offers a walk-in shower and huge walk-in closet.

This home comes included with a professionally designed landscape package and a full irrigation system as well as our America's Smart Home package that offers devices such as the Qolsys IQ Panel, Video Doorbell, Alarm.com app, Honeywell Thermostat, a Smart Light Switch, Kwikset Smart lock, and more.

Images are representative of plan and may vary as built.

Contact us today and find your home at Rosenbusch Ranch.

At $272/sqft, this home is priced 15% above the Leander active market average of $237/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

516 Eagle Canyon Dr, Leander, TX 78641

Property Details

Price $488,340
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,794 sqft
Lot Size 0.13 acres (5,749.92 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision ROSENBUSCH RANCH
County Williamson
Zip Code 78641
$/sqft $272/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT248257094
List Date September 29, 2026
Elementary School Bagdad
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.

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 Eagle Canyon Dr
ROSENBUSCH RANCH
$494,000 $204 4 bd / 3 ba 2,417 sqft , 2026-08-19
1703 Mimosa Ln
Mason Creek Sec 02-A
$480,000 $204 5 bd / 3 ba 2,354 sqft , 2026-10-06
1428 Macfarland St
Mason Hills
$475,000 $242 4 bd / 2 ba 1,965 sqft , 2026-06-17
2021 Crooked Creek St
ROSENBUSCH RANCH
$465,340 $211 4 bd / 3 ba 2,209 sqft , 2026-09-23
2100 Magnolia Hill Dr
ROSENBUSCH RANCH
$459,990 $208 4 bd / 4 ba 2,209 sqft , 2026-09-09

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
$2,344/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
$97,668
20% conventional investment loan

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

Estimated Gross Rent+$2,344
Principal + Interest−$2,665
Property Tax (~2.1% TX avg)−$855
Insurance (~0.5%)−$203
Est. Monthly Cash Flow $-1,379

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 September 30, 2026.

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