Active Listing  ·  41 days on market

701 Sparkling Brook Ln

Leander, TX 78641
$296,000
4 Bed 2 Bath 1,662 sqft $178/sqft Built 2000 0.18 acres 2-Car Garage Pool North Creek Sec 3b

Welcome to 701 Sparkling Brook Lane, a refreshed 4 bedroom, 2 bath home situated on a corner lot in Leander. Step inside to fresh interior paint, new carpet, and a floor plan that feels connected while still giving each space its own purpose. The dining room opens toward the living area with a partial wall that creates definition without closing off the flow, making it easy to picture everything from weeknight dinners to holiday gatherings. Continue into the living room, where a fireplace creates a comfortable focal point and the kitchen overlooks the main gathering space, keeping conversation going whether you are cooking, entertaining, or simply relaxing at home. Just off the kitchen, the breakfast area features a bay window that brings in natural light and creates an inviting spot for everyday meals or your morning coffee. The primary suite offers a comfortable retreat with an ensuite bath featuring separate vanities, a soaking tub, separate shower, and a large walk-in closet with built-in shelving for added storage and organization. Three additional bedrooms offer flexibility for a home office, workout room, hobby space, or whatever best fits your needs. Step outside to the back patio, where there is room to grill, unwind, enjoy a quiet evening, or gather with friends and family. The corner lot adds to the sense of space around the home, while no HOA gives you additional freedom and flexibility in how you enjoy the property. When it comes to location, everyday convenience and outdoor recreation are both close by. Bagdad Elementary is approximately half a mile away, and nearby Devine Lake Park offers 45.5 acres of outdoor recreation with trails, a playscape, picnic areas, and opportunities for fishing and wildlife observation. With fresh updates, a flexible floor plan, corner lot, no HOA, nearby recreation, and everyday Leander conveniences within easy reach, this home is ready for its next owner. Schedule your showing today!

At $178/sqft, this home is 25% below the Leander active market average of $237/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

701 Sparkling Brook Ln, Leander, TX 78641

Property Details

Price $296,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,662 sqft
Lot Size 0.18 acres (7,631.71 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision North Creek Sec 3b
County Williamson
Zip Code 78641
$/sqft $178/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,512.18
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245004882
List Date August 28, 2026
Elementary School Bagdad
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.

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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 28, 2026 $299,000
Current ask $296,000
▼ Reduced $3,000 (-1.0%) 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
800 Rubles Ct
Benbrook Ranch Sec 01 Ph 02
$298,000 $159 3 bd / 3 ba 1,878 sqft , 2026-07-17
1117 Waterfall Ave
Alterra
$299,000 $209 3 bd / 2 ba 1,434 sqft , 2026-09-15
1118 Remington Dr
Benbrook Ranch Sec 01 Ph 02
$299,900 $209 3 bd / 2 ba 1,434 sqft , 2026-08-27
112 Northern Trl
Westview Meadows Ph 02
$289,000 $189 3 bd / 2 ba 1,533 sqft , 2026-09-18
516 Emma Rose Trl
Westview Mdws Ph 04
$284,900 $187 3 bd / 2 ba 1,521 sqft , 2026-07-29

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
$1,421/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
$59,200
20% conventional investment loan

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

Estimated Gross Rent+$1,421
Principal + Interest−$1,615
Property Tax (~2.1% TX avg)−$518
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-835

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 September 30, 2026.

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