Active Listing  ·  172 days on market

721 Schefer St

Leander, TX 78641
$459,899
4 Bed 3 Bath 2,856 sqft $161/sqft Built 2016 0.15 acres 2-Car Garage Pool Northside Meadow Ph 3

Welcome to 721 Schefer St., a beautifully maintained east-facing home in the heart of Northside Meadows, one of Leander's most family-friendly neighborhoods! This spacious 1.5-story layout offers a perfect blend of comfort and flexibility for modern families, including those seeking multigenerational living. With 4 bedrooms, 3 full baths, and a dedicated office, the floor plan caters to both privacy and connection.

Step into a bright, open living area with soaring ceilings and abundant natural light. The kitchen features elegant white cabinetry, classic subway tile backsplash, a large island, and stainless steel appliances—ideal for family meals or casual gatherings. The downstairs primary suite offers a peaceful retreat, while two additional bedrooms and the office provide space for children, work-from-home needs, or visiting family. Upstairs, you'll find a private bonus suite with its own bedroom, full bath, and flex space—perfect for in-laws, teens, or a playroom.

Directly across from open park space, the front-facing office enjoys serene views and natural light. Out back, the covered patio and private yard invite quiet mornings or evening relaxation—bird watchers will especially love this peaceful setting.

Zoned to highly rated Leander ISD elementary schools and just minutes from HEB, Northline shopping district, ACC, St. David’s, and major roads like 183A, this home is ideally located for a busy lifestyle. The community includes a pool, playground, and walking trails.

Don’t miss your chance to make this move-in-ready gem your next home—schedule a showing today!

At $161/sqft, this home is 33% 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

721 Schefer St, Leander, TX 78641

Property Details

Price $459,899
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,856 sqft
Lot Size 0.15 acres (6,512.22 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Northside Meadow Ph 3
County Williamson
Zip Code 78641
$/sqft $161/sqft
Days on Market ,
HOA $77/Monthly
Annual Tax Est. $7,383.6
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT207448737
List Date February 13, 2026
Elementary School Jim Plain
Middle School Leander Middle
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
1673 Turtle Bay Loop
CRYSTAL SPRINGS
$460,000 $180 4 bd / 4 ba 2,561 sqft , 2026-06-02
1833 Dandy Brush Dr
BAR W RANCH
$459,180 $165 5 bd / 3 ba 2,783 sqft , 2026-07-06
1902 Overland Dr
Woods At Crystal Falls Sec 01
$459,000 $199 4 bd / 2 ba 2,305 sqft , 2025-10-12
4509 Lucabella Ln
Travisso - Capri Collection
$459,000 $220 3 bd / 2 ba 2,090 sqft , 2026-05-18
1809 Dandy Brush Dr
BAR W RANCH
$463,420 $167 5 bd / 3 ba 2,783 sqft , 2026-07-06

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
$2,208/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
$91,980
20% conventional investment loan

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

Estimated Gross Rent+$2,208
Principal + Interest−$2,510
Property Tax (~2.1% TX avg)−$805
Insurance (~0.5%)−$192
Est. Monthly Cash Flow $-1,299

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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