Active Listing  ·  108 days on market

821 Purmela St

Leander, TX 78641
$549,990
4 Bed 4 Bath 2,785 sqft $197/sqft Built 2026 0.16 acres 2-Car Garage Pool New Construction Edgewood

Welcome to 821 Purmela Street, Leander, Texas — a stunning new construction home built by M/I Homes. This 2-story home offers 2,785 square feet of thoughtfully designed living space, featuring 4 bedrooms, 3 full bathrooms, and 1 half bathroom.

Step inside to discover an open-concept living space that creates a seamless flow between the main gathering areas, perfect for everyday living and entertaining. The quality of design is evident throughout, with carefully selected finishes and well-proportioned rooms that prioritize both comfort and functionality.

The owner's bedroom includes a private en-suite bathroom, providing a peaceful retreat at the end of the day. With 3 additional bedrooms, there is plenty of room for family, guests, or a dedicated home office.

Key Features:

4 bedrooms and 3 full bathrooms plus 1 half bathroom

2,785 square feet of living space

2-story new construction by M/I Homes

Open-concept living space

Covered patio for outdoor enjoyment

High-quality design and finishes throughout

This home is situated in a welcoming neighborhood with convenient proximity to parks, offering opportunities for outdoor recreation and leisure just moments from your front door. The surrounding area provides a friendly atmosphere with well-maintained streets and a strong sense of community among neighbors.

This move-in ready home delivers quality construction and a well-designed floorplan suited for today's lifestyle.

Interior photos are representative of the Belmont II plan.

At $197/sqft, this home is 14% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

821 Purmela St, Leander, TX 78641

Property Details

Price $549,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,785 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Edgewood
County Williamson
Zip Code 78641
$/sqft $197/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241389116
List Date July 27, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District Leander ISD

Leander ISD

Tarvin · Stiles · Rouse

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 · July 27, 2026 $619,990
Previous ask $584,990
Current ask $549,990
▼ Reduced $70,000 (-11.3%) 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
1372 Cypress Paul St
Parkside Peninsula
$549,990 $250 4 bd / 3 ba 2,197 sqft , 2026-05-21
4017 Waxahachie Rd
Edgewood
$539,990 $194 4 bd / 4 ba 2,785 sqft , 2026-09-01
104 Lake Mineral Wells Dr
Parkside/Mayfield Ranch Sec 09
$567,500 $185 4 bd / 3 ba 3,073 sqft , 2026-09-24
832 Purmela St
Edgewood
$569,990 $169 5 bd / 4 ba 3,365 sqft , 2026-04-29
1313 Cypress Paul St
Parkside Peninsula
$574,990 $221 4 bd / 4 ba 2,601 sqft , 2026-04-15

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
$2,640/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
$109,998
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,002
Property Tax (assumed ~2.1%)−$962
Insurance (assumed ~0.5%)−$229
Est. Monthly Cash Flow $-1,553

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 · 41 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. The written content was last updated on October 14, 2026.

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

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