Active Listing  ·  5 days on market

806 Mountain Ridge Dr

Leander, TX 78641
$340,000
3 Bed 3 Bath 1,857 sqft $183/sqft Built 1987 0.15 acres 1-Car Garage Pool Oak Ridge Sec 1

Welcome to 806 Mountain Ridge Dr in Oak Ridge! This 3-bedroom, 2.5-bath home offers 1,857 sq ft with the primary suite on the main level, soaring ceilings, abundant natural light, and a flexible floor plan. One bay of the garage has been converted into a dedicated office, creating a great work-from-home space while still leaving one garage space for parking. The kitchen features granite countertops, stainless steel appliances, a breakfast bar, and opens to the family room with a limestone fireplace. The spacious primary bath includes dual vanities, a garden tub, and separate walk-in shower. Outside is where this home really shines. Mature trees, an oversized patio, privacy fencing, and an above-ground pool create a quiet backyard oasis with plenty of room to relax, entertain, and enjoy Texas evenings. Conveniently situated between 183 Toll and 183, the location offers easy access for commuting into Austin while still enjoying the feel of an established Leander neighborhood. Community amenities include a park, playground, pool, and sport courts, all within Leander ISD.

At $183/sqft, this home is 23% 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

806 Mountain Ridge Dr, Leander, TX 78641

Property Details

Price $340,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,857 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 1987
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge Sec 1
County Williamson
Zip Code 78641
$/sqft $183/sqft
Days on Market ,
HOA $95.25/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246899480
List Date September 17, 2026
Elementary School Pleasant Hill (Leander ISD)
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.

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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
1106 Willow Creek Dr
Oak Ridge Sec 2
$339,900 $167 3 bd / 2 ba 2,032 sqft , 2026-09-09
1512 Dillon Lake Bnd
Block House Creek Ph D Sec 02
$336,000 $200 4 bd / 2 ba 1,678 sqft , 2026-07-23
1109 Chardonnay Xing
Vineyard At Block House Creek
$335,000 $182 3 bd / 2 ba 1,842 sqft , 2026-09-17
860 Water Hyacinth Loop
Crystal Crossing
$349,900 $149 3 bd / 2 ba 2,344 sqft , 2026-02-27
1113 Calla Lily Blvd
Crystal Xing Ph 3
$349,900 $197 3 bd / 2 ba 1,778 sqft , 2026-09-04

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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 18, 2026.

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