Active Listing  ·  45 days on market

821 RICHARDSON Ln

Leander, TX 78641
$635,000
4 Bed 3 Bath 2,926 sqft $217/sqft Built 2017 0.18 acres 3-Car Garage Pool Leander Crossing

Welcome to 821 Richardson Lane, where timeless style meets modern comfort in one of Leander's most sought-after communities. Located in one of Central Texas' fastest-growing cities, this exceptional single-story home offers the perfect combination of upscale finishes, thoughtful design, and everyday convenience, with easy access to top-rated schools, shopping, dining, parks, and major commuter routes.

Designed for both entertaining and everyday living, the open-concept floor plan is filled with natural light, soaring ceilings, and an abundance of windows that create a bright, inviting atmosphere. Rich hand-scraped hardwood floors, striking beamed ceilings, and designer details add warmth and character throughout.

At the heart of the home, the gourmet kitchen is a chef's dream, featuring a 5-burner gas cooktop, stainless steel appliances, abundant cabinetry, and a large island overlooking the spacious family room—making it the ideal gathering place for family and friends.

A versatile flex room with custom built-in cabinetry provides the perfect space for a home office, library, or media room. The luxurious primary suite offers a peaceful retreat with a spa-inspired bath and generous closet space.

Step outside to the covered patio, perfect for enjoying your morning coffee or hosting weekend barbecues while overlooking the beautifully maintained backyard. Completing the home is the highly desirable three-car garage, providing ample room for vehicles, storage, or hobbies.

With its premium upgrades, functional layout, and prime location in booming Leander, this home offers the lifestyle today's buyers are searching for.

At $217/sqft, this home is 9% 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

821 RICHARDSON Ln, Leander, TX 78641

Property Details

Price $635,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,926 sqft
Lot Size 0.18 acres (7,797.24 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Leander Crossing
County Williamson
Zip Code 78641
$/sqft $217/sqft
Days on Market ,
HOA $47/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239465192
List Date July 10, 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.

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 10, 2026 $648,000
Current ask $635,000
Reduced $13,000 (-2.0%) 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
408 Starlight Village Loop
Starlight Village
$645,000 $288 3 bd / 4 ba 2,243 sqft , 2026-07-15
728 Marbella Vista Way
MARBELLA
$650,000 $197 4 bd / 3 ba 3,305 sqft , 2026-04-29
1829 Tabarca Dr
Marbella
$600,000 $200 4 bd / 4 ba 2,997 sqft , 2026-05-29
1101 Horizon Park Blvd
Leander Heights Sec 03
$680,000 $241 5 bd / 2 ba 2,817 sqft , 2026-01-05
905 Bliss Ln
Leander Crossing
$695,000 $278 3 bd / 2 ba 2,503 sqft , 2026-08-06

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
$3,048/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
$127,000
20% conventional investment loan

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

Estimated Gross Rent+$3,048
Principal + Interest−$3,465
Property Tax (~2.1% TX avg)−$1,111
Insurance (~0.5%)−$265
Est. Monthly Cash Flow $-1,793

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 →