Active Listing  ·  25 days on market

901 Melda St

Leander, TX 78641
$420,000
4 Bed 3 Bath 2,470 sqft $170/sqft Built 2017 0.14 acres 2-Car Garage Pool Stewart Xing Ph 1

Welcome to the heart of Leander! Situated on a desirable single-loaded street, this charming two-story, fully brick home features four bedrooms, two and a half bathrooms, two versatile flex areas, and a dedicated pocket office located off the family room. The property offers exceptional privacy, backing directly to open land with mature trees and city views. Inside, the home boasts freshly updated interior paint, brand-new carpeting, wood blinds, an electronic keypad entry, and Wi-Fi-capable thermostats. The energy-efficient design includes spray foam insulation in the ceilings and roof, and the property comes pre-wired for a security alarm system. The functional kitchen is complete with granite countertops, a gas cooktop, built-in oven and microwave, and a center island.

The exterior and outdoor living spaces are thoughtfully designed for comfort and convenience. The private backyard features a covered porch with added wooden steps leading down to a lawn adorned with a weeping willow and a peach tree. Notable upgrades include full gutters, a front and back sprinkler system, an epoxy garage floor, and a screened concrete pad for the HVAC and trash bins. Residents enjoy community amenities like a neighborhood pool and common grounds. Perfectly situated, the home is within walking distance of Rouse High School and Knox Wiley Middle School, moments from Highway 183, the H-E-B Center, and local dining, and under 40 minutes from downtown Austin. Homes in this sought-after neighborhood rarely hit the market, so don't miss your chance to join this wonderful community!

At $170/sqft, this home is 28% 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

901 Melda St, Leander, TX 78641

Property Details

Price $420,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,470 sqft
Lot Size 0.14 acres (6,067.91 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Stewart Xing Ph 1
County Williamson
Zip Code 78641
$/sqft $170/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. $8,141.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244643473
List Date August 28, 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 · August 28, 2026 $438,000
Previous ask $429,900
Current ask $420,000
Reduced $18,000 (-4.1%) 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
1801 Vintage Dr
Ridgewood South Ph 01
$419,995 $179 4 bd / 2 ba 2,340 sqft , 2026-08-10
1205 Yountville Dr
Ridgewood South Ph 01
$415,000 $176 4 bd / 3 ba 2,359 sqft , 2026-09-01
909 Lily Pad None
Crystal Crossing
$430,000 $177 3 bd / 3 ba 2,432 sqft , 2026-01-04
1908 Turtle Bay Loop
CRYSTAL SPRINGS
$449,900 $239 3 bd / 2 ba 1,880 sqft , 2026-08-06
1673 Turtle Bay Loop
CRYSTAL SPRINGS
$460,000 $180 4 bd / 4 ba 2,561 sqft , 2026-06-02

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
$2,016/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
$84,000
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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 →