Active Listing  ·  93 days on market

649 Leaning Rock Rdg

Austin, TX 78737
$899,900
4 Bed 4 Bath 2,885 sqft $312/sqft Built 2027 0.23 acres 3-Car Garage Pool Parten

Entry and extended entry with 12-foot ceiling. Large game room with French door entry. Island kitchen with a walk-in pantry, a 36" commercial style gas range top with 6-burners, a double wall oven, flows into the dining area. Spacious family room with sliding glass doors and a wood mantel fireplace. Secluded primary suite with a wall of windows. Dual vanities, a freestanding tub, separate glass enclosed shower, a linen closet and two large walk-in closets in the primary bath. Guest suite and secondary bedrooms joined by a Hollywood bathroom complete this spacious design. Extended covered backyard patio. Three-car split garage.

At $312/sqft, this home is 20% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

649 Leaning Rock Rdg, Austin, TX 78737

Property Details

Price $899,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,885 sqft
Lot Size 0.23 acres (9,892.48 sqft)
Year Built 2027
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parten
County Hays
Zip Code 78737
$/sqft $312/sqft
Days on Market ,
HOA $225/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243053008
List Date August 11, 2026
Elementary School Cypress Springs
Middle School Sycamore Springs
High School Dripping Springs
School District Dripping Springs ISD

Dripping Springs ISD

Cypress Springs · Sycamore Springs · Dripping Springs

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · August 11, 2026 $1,045,900
Previous ask $948,900
Current ask $899,900
▼ Reduced $146,000 (-14.0%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
651 Bird Holw
Parten Ranch
$899,900 $289 4 bd / 4 ba 3,112 sqft , 2026-08-11
461 Leaning Rock Rdg
Parten
$909,000 $295 4 bd / 5 ba 3,080 sqft , 2026-09-30
229 Fireside Rd
Parten Ranch Ph 5
$879,000 $292 4 bd / 4 ba 3,008 sqft , 2026-10-25
365 Pear Tree Ln
Parten
$875,000 $240 5 bd / 5 ba 3,649 sqft , 2026-04-23
635 Leaning Rock Rdg
Parten
$924,900 $319 4 bd / 4 ba 2,895 sqft , 2026-09-01

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
$4,320/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
$179,980
20% conventional investment loan

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

Estimated Gross Rent+$4,320
Principal + Interest−$4,911
Property Tax (assumed ~2.1%)−$1,575
Insurance (assumed ~0.5%)−$375
Est. Monthly Cash Flow $-2,541

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 Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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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 4, 2026.

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

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