Active Listing  ·  6 days on market

912 Canvasback Creek Dr

Leander, TX 78641
$475,000
4 Bed 3 Bath 2,653 sqft $179/sqft Built 2016 0.21 acres 2-Car Garage Pool Magnolia Creek

Welcome to 912 Canvasback Creek Drive, a spacious 4-bedroom, 3-bath home offering approximately 2,653 square feet in Leander’s desirable Magnolia Creek community. The open-concept layout features a generous living area and kitchen with granite countertops, stainless steel appliances, ample cabinetry, and flexible dining space. The private primary suite is conveniently located on the main level, along with additional secondary bedrooms.

Upstairs offers a versatile loft/game room, separate bedroom, and full bath—ideal for guests, a home office, or additional living space. Enjoy the covered back patio and large privacy-fenced backyard. Additional features include a separate utility room and two-car garage.

Conveniently located near shopping, dining, schools, parks, and major commuter routes, this home offers plenty of space and flexibility in an excellent Leander location.

At $179/sqft, this home is 25% 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

912 Canvasback Creek Dr, Leander, TX 78641

Property Details

Price $475,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,653 sqft
Lot Size 0.21 acres (9,060.48 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Magnolia Creek
County Williamson
Zip Code 78641
$/sqft $179/sqft
Days on Market ,
HOA $82/Monthly
Annual Tax Est. $8,706.22
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243889850
List Date August 18, 2026
Elementary School Camacho
Middle School Leander Middle
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.

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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
1428 Macfarland St
Mason Hills
$475,000 $242 4 bd / 2 ba 1,965 sqft , 2026-06-17
1601 Bovina Dr
Mason Ranch Ph 1 Sec 2
$484,990 $153 5 bd / 4 ba 3,171 sqft , 2026-06-08
408 Hazelwood St #116
Hazelwood Village
$485,000 $236 3 bd / 3 ba 2,054 sqft , 2026-04-08
228 Mandana St
Carneros Ranch / Vista Ridge Estates
$445,000 $189 4 bd / 2 ba 2,357 sqft , 2026-08-04
1309 Patito Pl
Villas at Vista Ridge
$439,900 $189 3 bd / 3 ba 2,325 sqft , 2026-05-23

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 20, 2026.

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