Active Listing  ·  140 days on market

661 Cinnamon Teal Ln

Leander, TX 78641
$379,000
4 Bed 3 Bath 2,197 sqft $173/sqft Built 2017 0.61 acres 2-Car Garage Pool Caughfield Ph 2

Don't Miss This One! Located on the largest lot in Caughfield Ph 2, this 2197 sq ft. 4-bedroom home offers a highly desirable layout with all bedrooms upstairs and an open, light-filled main level. Oversized backyard with strong potential for outdoor enhancements. Enjoy community amenities including parks, walking trails, neighborhood pool, with convenient access to shopping, dining and major commuter routes to Austin. Zoned to Larkspur Elementary, Danielson Middle and Glenn High School in Leander ISD. Great opportunity for buyers seeking space, functionality, and location with easy access to Austin. Shows well-schedule your clients ASAP.

At $173/sqft, this home is 28% 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

661 Cinnamon Teal Ln, Leander, TX 78641

Property Details

Price $379,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,197 sqft
Lot Size 0.61 acres (26,528.04 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Caughfield Ph 2
County Williamson
Zip Code 78641
$/sqft $173/sqft
Days on Market ,
HOA $63/Monthly
Annual Tax Est. $7.59
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219564780
List Date March 17, 2026
Elementary School Larkspur
Middle School Danielson
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.

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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
1449 Weatherford Ln
Devine Lake Ph 1
$379,000 $187 4 bd / 3 ba 2,022 sqft , 2026-06-05
16201 Mones Ln
Block House Creek Sec 502
$379,000 $162 3 bd / 2 ba 2,343 sqft , 2026-07-20
2720 Sage Ranch Dr
Deerbrooke Ph 2 Sec 4
$378,500 $181 4 bd / 3 ba 2,088 sqft , 2026-03-19
2520 Roosevelt Rd
Leander 61 Ph 4
$379,900 $166 4 bd / 3 ba 2,294 sqft , 2026-05-08
319 Arrowhead Vine St
Caughfield Ph 6
$378,000 $163 4 bd / 3 ba 2,313 sqft , 2026-07-28

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
$1,819/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
$75,800
20% conventional investment loan

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

Estimated Gross Rent+$1,819
Principal + Interest−$2,068
Property Tax (~2.1% TX avg)−$663
Insurance (~0.5%)−$158
Est. Monthly Cash Flow $-1,070

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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