Active Listing  ·  39 days on market

605 W South St #41

Leander, TX 78641
$560,000
6 Bed 6 Bath 3,096 sqft $181/sqft Built 2021 0.05 acres 4-Car Garage Pool SOUTH STREET VILLAS

Welcome toa this well-maintained "condo-duplex" featuring 3 bedrooms and 2.5 bathrooms on each side. Whether you're looking for a place to call home or a great investment opportunity, this property offers exceptional flexibility.

Located in a private, gated community just minutes from Historic Downtown Leander, you'll enjoy easy access to local restaurants, shops, farmers markets, parks, and community events. Convenient access to US-183 and the Leander MetroRail Station makes commuting to Austin quick and easy.

Situated in the highly rated Leander ISD and close to parks, trails, and recreational amenities, this property combines comfort, convenience, and a desirable location in one of Central Texas' fastest-growing communities.

Don't miss this opportunity to own a versatile duplex in the heart of Leander. Schedule your showing today!

At $181/sqft, this home is 24% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

605 W South St #41, Leander, TX 78641

Property Details

Price $560,000
Status Active Listing
Beds 6
Full Baths 4
Half Baths 2
Living Area 3,096 sqft
Lot Size 0.05 acres (2,025.54 sqft)
Year Built 2021
Garage 4 spaces
Stories ,
Type Residential · Townhouse
Subdivision SOUTH STREET VILLAS
County Williamson
Zip Code 78641
$/sqft $181/sqft
Days on Market ,
HOA $166.67/Monthly
Annual Tax Est. $12,197.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238428977
List Date July 8, 2026
Elementary School Camacho
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 →

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 · July 8, 2026 $565,000
Current ask $560,000
Reduced $5,000 (-0.9%) 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 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
417 Eagle Canyon Dr
ROSENBUSCH RANCH
$551,990 $162 5 bd / 3 ba 3,403 sqft , 2026-03-16
437 Eagle Canyon Dr
ROSENBUSCH RANCH
$551,990 $162 5 bd / 3 ba 3,403 sqft , 2026-08-13
1316 South Brook Dr
South Brook
$544,950 $192 5 bd / 4 ba 2,837 sqft , 2026-02-23
548 Prairie Wind Dr
ROSENBUSCH RANCH
$536,540 $178 5 bd / 4 ba 3,008 sqft , 2026-07-14
605 W South St #33
SOUTH STREET VILLAS
$530,000 $175 6 bd / 6 ba 3,034 sqft , 2026-06-26

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
$2,688/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
$112,000
20% conventional investment loan

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

Estimated Gross Rent+$2,688
Principal + Interest−$3,056
Property Tax (~2.1% TX avg)−$980
Insurance (~0.5%)−$233
Est. Monthly Cash Flow $-1,581

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 August 5, 2026.

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