Active Listing  ·  217 days on market

713 Falcon Ln

Leander, TX 78641
$329,000
4 Bed 3 Bath 2,172 sqft $151/sqft Built 2006 0.12 acres 2-Car Garage Pool Summerlyn Ph L-1b

Old listing photos available from 2017 to see floor plan and layout before professional photos are available -- nice open kitchen to the living area, flex room near the entry. 4 bedrooms upstairs!

At $151/sqft, this home is 36% 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

713 Falcon Ln, Leander, TX 78641

Property Details

Price $329,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,172 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Summerlyn Ph L-1b
County Williamson
Zip Code 78641
$/sqft $151/sqft
Days on Market ,
HOA $88/Quarterly
Annual Tax Est. $6,440.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219930718
List Date February 19, 2026
Elementary School North
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.

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
46 Snowy Plover Ln
Summerlyn West
$329,500 $179 3 bd / 3 ba 1,837 sqft , 2026-07-23
453 Agave Azul Way
WILDLEAF
$325,995 $187 4 bd / 3 ba 1,746 sqft , 2026-08-26
39 Pacific Loon St
Sunmerlyn West Sec 4 & 5
$325,000 $195 3 bd / 3 ba 1,667 sqft , 2026-08-02
245 Tequilana Pass
Wildleaf
$334,900 $178 4 bd / 2 ba 1,885 sqft , 2026-07-10
100 Magpie Goose Ln
Summerlyn Ph P-4b
$322,000 $157 4 bd / 3 ba 2,051 sqft , 2026-07-30

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
$1,579/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
$65,800
20% conventional investment loan

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

Estimated Gross Rent+$1,579
Principal + Interest−$1,795
Property Tax (~2.1% TX avg)−$576
Insurance (~0.5%)−$137
Est. Monthly Cash Flow $-929

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 April 1, 2026.

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