Active Listing  ·  12 days on market

601 Smilser Ln

Leander, TX 78641
$515,000
4 Bed 3 Bath 2,523 sqft $204/sqft Built 2018 0.17 acres 2.5-Car Garage Pool Bryson Ph 1 Sec Le Final

Welcome to 601 Smilser Lane in Leander, TX, located in the desirable Bryson community! This spacious two-story home offers 4 bedrooms, 3 full bathrooms, a 2.5-car garage, and 2,523 square feet of living space. The open-concept layout creates a welcoming flow between the main living areas, with a cozy fireplace serving as the focal point of the living room. The versatile floor plan provides plenty of flexibility for guests, a home office, or additional living space. Additional features include two gas water heaters, a walk-in attic storage area, and a backyard shed, offering plenty of extra storage for tools, equipment, and outdoor essentials.

Enjoy all that Bryson has to offer, including fantastic community amenities such as a resort-style pool, splash pad, parks, walking trails, playgrounds, and gathering spaces. Even more exciting, pickleball and basketball courts are planned for 2027! Conveniently located approximately 2 miles from popular shopping and dining destinations, including Costco, Target, and more, with easy access to major roadways and Leander ISD schools. This home offers a wonderful combination of space, comfort, convenience, and community living!

At $204/sqft, this home is 11% 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

601 Smilser Ln, Leander, TX 78641

Property Details

Price $515,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,523 sqft
Lot Size 0.17 acres (7,318.08 sqft)
Year Built 2018
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Bryson Ph 1 Sec Le Final
County Williamson
Zip Code 78641
$/sqft $204/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. $10,769
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250897841
List Date October 31, 2026
Elementary School Jim Plain
Middle School Knox Wiley
High School Glenn
School District Leander ISD

Leander ISD

Jim Plain · Knox Wiley · Glenn

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
1721 Erie Dr
Savanna Ranch Sec 4
$520,000 $218 4 bd / 2 ba 2,386 sqft , 2026-02-13
2444 Tumbleweed Bnd
The Enclave at Bar W
$520,490 $176 4 bd / 3 ba 2,956 sqft , 2026-08-07
1012 Quarry Point Pass
Bryson
$499,995 $182 3 bd / 3 ba 2,745 sqft , 2026-07-28
213 Munk Ln
Larkspur
$499,900 $166 4 bd / 4 ba 3,018 sqft , 2026-04-01
2517 Tumbleweed Bnd
The Enclave at Bar W
$532,390 $202 4 bd / 3 ba 2,639 sqft , 2026-08-07

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (assumed ~2.1%)−$901
Insurance (assumed ~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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 · 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 8, 2026.

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

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