Active Listing  ·  117 days on market

728 Marbella Vista Way

Leander, TX 78641
$650,000
4 Bed 3 Bath 3,305 sqft $197/sqft Built 2022 0.21 acres 3-Car Garage Pool MARBELLA

MOTIVATED SELLER!!!Beautiful and spacious 4-bedroom, 3-bathroom home located in the highly desirable Marbella/Leander area. Built in 2022, this well-maintained residence offers approximately 3,305 sq ft of living space on a generous lot.

The home features an open-concept floor plan with abundant natural light, a modern kitchen that flows seamlessly into the living and dining areas, and ample space for both everyday living and entertaining. The primary suite provides a comfortable retreat with a spacious layout, while additional bedrooms offer flexibility for guests, office, or family needs.

Enjoy a private backyard, attached garage, and a prime location with convenient access to major roads, shopping, dining, and top-rated Leander ISD schools. This home combines comfort, style, and functionality in one of the fastest-growing areas of Central Texas.

At $197/sqft, this home is 18% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

728 Marbella Vista Way, Leander, TX 78641

Property Details

Price $650,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,305 sqft
Lot Size 0.21 acres (9,321.84 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision MARBELLA
County Williamson
Zip Code 78641
$/sqft $197/sqft
Days on Market ,
HOA $130/Quarterly
Annual Tax Est. $14,144.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226366066
List Date April 29, 2026
Elementary School Pleasant Hill
Middle School Knox Wiley
High School Rouse
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 →

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 · April 29, 2026 $698,000
Previous ask $660,000
Current ask $650,000
Reduced $48,000 (-6.9%) 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
821 RICHARDSON Ln
Leander Crossing
$635,000 $217 4 bd / 3 ba 2,926 sqft , 2026-07-10
905 Bliss Ln
Leander Crossing
$695,000 $278 3 bd / 2 ba 2,503 sqft , 2026-08-06
812 Anahuac Dr
Leander Crossing Ph 1
$699,000 $201 3 bd / 5 ba 3,470 sqft , 2026-08-04
1829 Tabarca Dr
Marbella
$600,000 $200 4 bd / 4 ba 2,997 sqft , 2026-05-29
1749 CACTUS MOUND Dr
Cold Springs
$469,900 $171 4 bd / 3 ba 2,754 sqft , 2026-07-16

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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 August 18, 2026.

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