Active Listing  ·  8 days on market

808 Red River Ln

Leander, TX 78641
$310,000
3 Bed 3 Bath 2,001 sqft $155/sqft Built 2000 0.20 acres 2-Car Garage Pool North Creek Sec 03e

Opportunity awaits in this 3-bedroom, 2.5-bath two-story home with no HOA! The floor plan features all bedrooms upstairs, oversized closets, a versatile bonus room, and a two-car garage. The large backyard and covered patio offer plenty of outdoor space, while the property presents an opportunity for a buyer looking to add their own updates and personal touches.

The property is being offered in as-is condition and may be subject to short-sale approval. Buyers should conduct their own due diligence regarding condition, repairs, and the short-sale process.

Located in the acclaimed Leander ISD, the home is conveniently close to H-E-B, shopping, restaurants, and major roads. Enjoy easy access to 183 and minutes to the new Scheels and additional amenities coming to the Cedar View shopping center. With no HOA, a spacious backyard, flexible living space, and a convenient location, this property offers an opportunity to create a home that fits your vision.

At $155/sqft, this home is 35% 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

808 Red River Ln, Leander, TX 78641

Property Details

Price $310,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,001 sqft
Lot Size 0.20 acres (8,886.24 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision North Creek Sec 03e
County Williamson
Zip Code 78641
$/sqft $155/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,372.38
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242811199
List Date August 8, 2026
Elementary School Bagdad
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.

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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
315 Northern Trl
Westview Meadows Ph 04
$310,000 $203 3 bd / 2 ba 1,528 sqft , 2026-05-01
107 Fossil Trl
Old Town Village Sec 02B
$310,000 $181 3 bd / 2 ba 1,716 sqft , 2026-08-02
1005 W South St
Westview Meadows Ph 01
$315,000 $157 3 bd / 2 ba 2,001 sqft , 2026-05-27
1316 Hensley Dr
Benbrook Ranch Sec 02 Ph 01
$319,000 $174 3 bd / 3 ba 1,829 sqft , 2026-07-17
701 Los Robles Rd
Estates of North Creek Ranch Sec 02
$320,000 $204 3 bd / 2 ba 1,572 sqft , 2026-03-13

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
$1,488/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
$62,000
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (~2.1% TX avg)−$543
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-876

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 10, 2026.

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