Active Listing  ·  14 days on market

616 Heinatz Flat Ln

Leander, TX 78641
$422,000
3 Bed 2 Bath 1,963 sqft $215/sqft Built 2016 0.15 acres 2-Car Garage Pool NORTHSIDE MEADOW

OFFERING A 4% ASSUMABLE FHA LOAN. CONTACT LENDER FOR APPROVAL. REACH OUT TO LISTING AGENT FOR LENDER INFORMATION.

AMERICAN PACIFIC MORTGAGE ALSO OFFERING 1% LENDER CREDIT.

Natural stone masonry and a prominent entry tower define the exterior of this modern single-story residence in Leander. The facade features a combination of stone, brick, with textured stone pillars framing the covered front porch. A driveway leads to the attached two-car garage, while a private entrance opens into the home.

Tiled flooring, high ceilings, and a chandelier welcome visitors into the entrance foyer. The open floorplan connects the main living space, where vaulted ceilings rise above tile flooring and a fireplace featuring glass doors. The kitchen is outfitted with granite counters, white cabinetry, a kitchen island, and stainless steel appliances, complemented by a pantry with built-in features.

The home has a beautiful custom butlers pantry with a wine refrigerator ready to fill.

The home features a bedroom with vaulted ceilings, a ceiling fan, and carpet flooring. The primary bedroom suite includes vaulted ceilings and tile flooring, with an attached bathroom complete with a double vanity, a glass-enclosed shower, tile flooring, and a walk-in closet with built-in features. A second bathroom includes a glass-enclosed tub shower and tile flooring.

Outside, the backyard is enclosed by a wood fence, creating a private yard with a manicured lawn. Residents can relax on the covered patio or gather on the raised deck overlooking the back yard and green space. Rain gutters trace the shingle roof, while brick exterior walls define the rear architecture of this home.

At $215/sqft, this home is 7% 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

616 Heinatz Flat Ln, Leander, TX 78641

Property Details

Price $422,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,963 sqft
Lot Size 0.15 acres (6,355.4 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision NORTHSIDE MEADOW
County Williamson
Zip Code 78641
$/sqft $215/sqft
Days on Market ,
HOA $77/Monthly
Annual Tax Est. $7,805.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251028972
List Date October 29, 2026
Elementary School Jim Plain
Middle School Leander Middle
High School Glenn
School District Leander ISD

Leander ISD

Jim Plain · Leander Middle · 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.

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 · October 29, 2026 $434,999
Current ask $422,000
▼ Reduced $12,999 (-3.0%) 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
1313 Mustang Brook Ln
Oak Creek Ph 5
$425,000 $193 4 bd / 3 ba 2,204 sqft , 2026-06-02
505 Buttermilk Ln
Northside Mdw Ph 2
$425,000 $170 4 bd / 3 ba 2,506 sqft , 2026-11-03
1016 Flanagan Dr
Benbrook ranch
$415,000 $243 3 bd / 2 ba 1,708 sqft , 2026-07-10
424 Turnbuckle Bnd
Horizon Lk Ph I Sec 1
$429,900 $197 4 bd / 3 ba 2,179 sqft , 2026-09-24
1416 Hartley Dr
South Brook
$429,950 $168 4 bd / 3 ba 2,563 sqft , 2026-10-29

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
$2,026/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
$84,400
20% conventional investment loan

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

Estimated Gross Rent+$2,026
Principal + Interest−$2,303
Property Tax (assumed ~2.1%)−$739
Insurance (assumed ~0.5%)−$176
Est. Monthly Cash Flow $-1,192

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 10, 2026.

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

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