Active Listing  ·  15 days on market

581 Leaning Rock Rdg

Austin, TX 78737
$1,099,900
4 Bed 5 Bath 3,080 sqft $357/sqft Built 2027 0.23 acres 3-Car Garage Pool New Construction Parten

Step off the front porch into the extended entryway with a 12-foot rotunda ceiling. Off of the main hallway are two secondary bedrooms which offer full bathrooms and walk-in closets. Adjacent is a private guest suite featuring a full bathroom, walk-in closet and linen closet. As you enter into the vast family room you are greeted by a wood mantel fireplace and sliding glass doors. Hardwood floors throughout the main living area. French doors open into the game room which is located off of the dining area. The kitchen hosts an island with built-in seating, a 36" commercial style gas range top, double wall oven, ample counterspace, and a walk-in pantry. The primary bedroom offers three large windows. The primary bathroom hosts dual vanities, a freestanding tub, large glass enclosed shower, and two walk-in closets. Covered backyard patio. The mud room and utility closet are off of the three-car garage.

At $357/sqft, this home is 8% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

581 Leaning Rock Rdg, Austin, TX 78737

Property Details

Price $1,099,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,080 sqft
Lot Size 0.23 acres (9,888.12 sqft)
Year Built 2027
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten
County Hays
Zip Code 78737
$/sqft $357/sqft
Days on Market ,
HOA $900/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT251127107
List Date October 28, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress Springs · Sycamore Springs · Dripping Springs

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · October 28, 2026 $1,104,900
Previous ask $1,147,900
Current ask $1,099,900
▼ Reduced $5,000 (-0.5%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
595 Bird Holw
Parten
$1,105,600 $365 4 bd / 5 ba 3,032 sqft , 2026-07-02
719 Bird Holw
Parten
$1,119,990 $304 4 bd / 5 ba 3,680 sqft , 2026-07-01
781 Bird Holw
Parten Ranch Ph 6 & 7
$1,074,900 $326 4 bd / 4 ba 3,295 sqft , 2026-08-29
457 Bird Holw
Parten
$1,124,900 $296 5 bd / 5 ba 3,798 sqft , 2026-09-21
256 Bird Bath Bnd
Parten
$1,149,650 $311 4 bd / 5 ba 3,700 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
$5,280/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
$219,980
20% conventional investment loan

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

Estimated Gross Rent+$5,280
Principal + Interest−$6,003
Property Tax (assumed ~2.1%)−$1,925
Insurance (assumed ~0.5%)−$458
Est. Monthly Cash Flow $-3,106

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 Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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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 4, 2026.

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

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