Active Listing  ·  179 days on market

605 Palmilla St

Leander, TX 78641
$449,900
4 Bed 2 Bath 2,255 sqft $200/sqft Built 2016 0.23 acres 2-Car Garage Pool Oak Creek Ph 2

PRICE IMPROVEMENT! ~ Built in 2016, this 4-bedroom, 2-bath, single-story gem offers a modern-yet-warm, thoughtfully designed layout for easy living. Nestled on a desirable corner lot in the sought-after Oak Creek community, this home features 2,255 sq ft of living space on a 0.226-acre lot. Step inside to soaring ceilings and an open floor plan. The heart of the home is the designer kitchen, featuring granite countertops, a spacious pantry, lots of cabinet storage, counter space, and stainless-steel appliances—perfect for everyday living and entertaining. Located at the back of the home, the primary suite offers a private, quiet retreat with a large walk-in closet and an en-suite spa bath boasting a separate soaking tub and shower, plus separate vanities. Outside, enjoy excellent curb appeal and a sizeable backyard with a covered patio, storage shed, and an additional covered pergola area—ideal for relaxing or hosting. Gather around the fire pit on cool evenings and enjoy the perfect backyard for entertaining family and friends. Additional features include a self-cleaning oven, hot tub breaker box, electrical outlet under the eaves, gas fireplace, additional storage area in the garage and recessed lighting. Oak Creek offers top-notch community amenities including a pool, playground, and hiking and biking trails. The elementary school is within walking distance, and middle and high schools are nearby, along with shopping, restaurants, and entertainment. Bonus: H-E-B is a quick drive away! Leander ISD schools and convenient access to 183A Toll and US-183. Tax rate: 2.0225%. Don’t miss this opportunity to live in Oak Creek and make your dreams come true in your new home.

At $200/sqft, this home is 17% 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

605 Palmilla St, Leander, TX 78641

Property Details

Price $449,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,255 sqft
Lot Size 0.23 acres (9,844.56 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Creek Ph 2
County Williamson
Zip Code 78641
$/sqft $200/sqft
Days on Market ,
HOA $57.5/Monthly
Annual Tax Est. $9,421.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217468153
List Date February 6, 2026
Elementary School Jim Plain
Middle School Leander Middle
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
1301 Low Branch Ln #5
Cottages At Deerbrooke
$449,900 $223 3 bd / 3 ba 2,015 sqft , 2025-04-02
544 Appalachian Trl
TRAILS AT LEANDER
$450,000 $164 5 bd / 3 ba 2,737 sqft , 2025-11-21
17511 E Darleen Dr
Trails End
$450,000 $281 3 bd / 2 ba 1,604 sqft , 2026-03-19
316 Middle Brook Dr
Oak Creek
$450,000 $154 4 bd / 4 ba 2,913 sqft , 2026-02-21
1114 Calistoga Dr
Ridgewood South Ph 02
$450,000 $166 4 bd / 3 ba 2,710 sqft , 2026-02-27

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
$2,160/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
$89,980
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,455
Property Tax (~2.1% TX avg)−$787
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,269

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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