Active Listing  ·  32 days on market

708 Pampas Ricas Dr

Leander, TX 78641
$320,000
3 Bed 2 Bath 1,654 sqft $193/sqft Built 2003 0.17 acres 2-Car Garage Pool Estate North Crk Ranch Sec 03

Seller offering up to 2% in seller credits to use towards rate buy down or closing costs with preferred lender. This inviting layout features a modern kitchen with stone countertops, well-sized bedrooms, and a functional flow that fits everyday living. The large fenced backyard offers plenty of space to enjoy, complete with a back porch perfect for relaxing or entertaining. A clean, comfortable home with great single-story convenience. The kitchen range is currently being installed and will be completed prior to buyer purchase.

At $193/sqft, this home is 19% 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

708 Pampas Ricas Dr, Leander, TX 78641

Property Details

Price $320,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,654 sqft
Lot Size 0.17 acres (7,187.4 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Estate North Crk Ranch Sec 03
County Williamson
Zip Code 78641
$/sqft $193/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,464.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243885542
List Date August 21, 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.

Schedule a Call →

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
500 Municipal Dr #505
Municipal Drive Townhomes
$319,990 $220 3 bd / 3 ba 1,454 sqft , 2026-08-26
500 Municipal Dr #102
Municipal Drive Townhomes
$318,000 $205 4 bd / 3 ba 1,548 sqft , 2026-08-21
701 Los Robles Rd
Estates of North Creek Ranch Sec 02
$315,000 $200 3 bd / 2 ba 1,572 sqft , 2026-03-13
600 Sparkling Brook Ln
NORTH CREEK SEC 3A
$315,000 $269 3 bd / 2 ba 1,172 sqft , 2026-08-04
710 Encanto Dr
ESTATES OF NORTH CREEK RANCH SEC 4
$315,000 $153 3 bd / 3 ba 2,062 sqft , 2026-08-05

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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

More Luxury Homes in Leander

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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 22, 2026.

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