Active Listing  ·  3 days on market

520 S Brook Dr

Leander, TX 78641
$320,000
3 Bed 2 Bath 1,605 sqft $199/sqft Built 2014 0.14 acres 2-Car Garage Pool Heritage Glen Sec 01

Single-level all-brick home in desirable Leander ISD. This 3 bedroom, 2 bath cozy home has an open-concept layout. Hardwood floors in the family room and in the hallway. It also features a renovated kitchen with sleek granite countertops, an island, a breakfast nook, pantry, and major appliances included. The primary ensuite bathroom is spacious and recently renovated. Enjoy a covered patio and a fully fenced large backyard - perfect for entertaining, children, and pets. Close to local dining, parks, and shopping.

At $199/sqft, this home is 13% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

520 S Brook Dr, Leander, TX 78641

Property Details

Price $320,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,605 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage Glen Sec 01
County Williamson
Zip Code 78641
$/sqft $199/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251645572
List Date November 9, 2026
Elementary School Jim Plain
Middle School Knox Wiley
High School Rouse
School District Leander ISD

Leander ISD

Jim Plain · Knox Wiley · Rouse

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
500 Municipal Dr #505
Municipal Drive Townhomes
$319,990 $220 3 bd / 3 ba 1,454 sqft , 2026-08-26
1804 Candlelight Dr
West Wood Sec 02
$319,900 $215 3 bd / 2 ba 1,486 sqft , 2026-10-22
500 Municipal Dr #102
Municipal Drive Townhomes
$318,000 $205 4 bd / 3 ba 1,548 sqft , 2026-08-21
500 Municipal Dr #103
Municipal Drive Townhomes
$315,000 $220 3 bd / 3 ba 1,434 sqft , 2026-08-21
610 Riverway Ln
North Creek Sec 03a
$325,000 $189 3 bd / 2 ba 1,716 sqft , 2026-06-20

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (assumed ~2.1%)−$560
Insurance (assumed ~0.5%)−$133
Est. Monthly Cash Flow $-903

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 · 41 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. The written content was last updated on November 11, 2026.

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

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