Active Listing  ·  63 days on market

620 Altea Dr

Leander, TX 78641
$624,990
4 Bed 4 Bath 3,129 sqft $200/sqft Built 2021 0.20 acres 2-Car Garage Pool Palmera Ridge

Elevated Living in the Heart of Palmera Ridge! Set within the highly desirable Palmera Ridge community, this beautifully designed 4-bedroom, 4-bathroom home blends generous living spaces, elevated finishes and resort-style amenities in one exceptional Leander setting. Tucked into a peaceful cul-de-sac, this home offers an upper-level bonus room, dedicated office, spacious backyard and plenty of room to live, work, gather, and unwind. Inside, a dramatic two-story living room creates an impressive focal point, with soaring ceilings and abundant natural light flowing into the heart of the home. The kitchen is designed to impress, featuring quartz countertops, extended cabinetry with glass-front display uppers, a gas cooktop and a full walk-in butler’s pantry complete with a secondary prep counter, ideal for everything from everyday meals to effortless entertaining. A private main-floor office provides a dedicated workspace near the entry, while the spacious primary suite offers a relaxing escape with a tray ceiling, dual vanities, soaking tub and separate tiled shower. Upstairs, 2 generously sized secondary bedrooms, 2 full bathrooms and a versatile bonus room provide the flexibility today's lifestyle demands, whether you envision a media room, game room, play space, or second living area. Step outside to a covered patio overlooking a large, fully fenced backyard with plenty of space for play, pets, entertaining, or simply enjoying the outdoors. And when you're ready for more, Palmera Ridge delivers an impressive amenity package, including a resort-style pool, amenity center, splash pad and park. Conveniently located near 183A Toll Road, the Leander CapMetro Rail station and the San Gabriel River corridor, this home offers an easy connection to shopping, dining, recreation, and Downtown Austin and ABIA. Beautifully appointed, thoughtfully designed, and surrounded by amenities, this is Palmera Ridge living at its best!

At $200/sqft, this home is 13% 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

620 Altea Dr, Leander, TX 78641

Property Details

Price $624,990
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 3,129 sqft
Lot Size 0.20 acres (8,507.27 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Palmera Ridge
County Williamson
Zip Code 78641
$/sqft $200/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $16,193.68
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244892028
List Date September 10, 2026
Elementary School Tarvin
Middle School Knox Wiley
High School Glenn
School District Leander ISD

Leander ISD

Tarvin · 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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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 · September 10, 2026 $669,900
Previous ask $649,900
Current ask $624,990
▼ Reduced $44,910 (-6.7%) 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
2332 Airport Dr
Palmera Ridge
$680,000 $234 4 bd / 4 ba 2,903 sqft , 2026-08-28
2424 Costera St
Palmera Ridge
$564,900 $220 4 bd / 3 ba 2,570 sqft , 2026-07-09
2345 Airport Dr
Palmera Rdg Sec 11
$689,000 $223 5 bd / 3 ba 3,085 sqft , 2026-09-25
2429 Adriel Cv
Palmera Rdg Sec 1
$699,000 $231 4 bd / 3 ba 3,026 sqft , 2026-08-04
2208 Bonavista Way
Palmera Ridge
$550,000 $197 4 bd / 4 ba 2,787 sqft , 2026-08-01

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
$3,000/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
$124,998
20% conventional investment loan

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

Estimated Gross Rent+$3,000
Principal + Interest−$3,411
Property Tax (assumed ~2.1%)−$1,094
Insurance (assumed ~0.5%)−$260
Est. Monthly Cash Flow $-1,765

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 3, 2026.

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

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