Active Listing  ·  21 days on market

849 Corvallis Dr

Leander, TX 78641
$439,990
3 Bed 2 Bath 1,739 sqft $253/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Cedar Brook

Welcome to 849 Corvallis Drive, Leander, Texas — a new construction single-story home built by M/I Homes. This thoughtfully designed home offers 1,739 square feet of comfortable living space with 3 bedrooms and 2 bathrooms, ideal for a range of lifestyles.

Step inside to discover an open-concept living space that creates a seamless flow between the main gathering areas. The quality of design is evident throughout, with well-planned layouts and carefully selected finishes that bring both style and functionality to everyday living. The single-story floorplan ensures convenient, easy access to every room in the home.

The owner's bedroom features a private en-suite bathroom, providing a relaxing retreat at the end of each day. Outside, a covered patio extends the living space and offers a great spot for entertaining or unwinding outdoors.

Key Features:

- New construction by M/I Homes

- 3 bedrooms and 2 bathrooms

- 1,739 square feet of living space

- Single-story floorplan

- Open-concept living space

- Owner's bedroom with private en-suite bathroom

- Covered patio

- Quality design and finishes throughout

This home is situated in a welcoming neighborhood with convenient proximity to parks, making it easy to enjoy outdoor recreation and green spaces. The surrounding area offers a friendly atmosphere well-suited for families, professionals, and anyone looking for a well-built home in a desirable setting.

At $253/sqft, this home is priced 5% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

849 Corvallis Dr, Leander, TX 78641

Property Details

Price $439,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,739 sqft
Lot Size 0.12 acres (5,357.88 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Brook
County Williamson
Zip Code 78641
$/sqft $253/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239840448
List Date July 14, 2026
Elementary School Camacho
Middle School Leander Middle
High School Leander High
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 →

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
2416 BURBERRY Ln
DEERBROOKE
$440,000 $195 3 bd / 2 ba 2,251 sqft , 2026-03-15
1309 Patito Pl
Villas at Vista Ridge
$439,900 $189 3 bd / 3 ba 2,325 sqft , 2026-05-23
1001 Swan Flower St
Oak Creek
$439,888 $188 3 bd / 2 ba 2,336 sqft , 2026-03-26
2301 Spokane Dr
Cedar Brook
$444,990 $242 3 bd / 3 ba 1,842 sqft , 2026-07-14
1953 Arbuckle Dr
BAR W RANCH
$449,740 $302 3 bd / 2 ba 1,489 sqft , 2026-05-26

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
$2,112/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
$87,998
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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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