Active Listing  ·  35 days on market

917 Dream Catcher Dr

Leander, TX 78641
$1,595,000
4 Bed 3 Bath 3,568 sqft $447/sqft Built 2014 1.71 acres 3-Car Garage Pool Grand Mesa At Crystal Falls Ii

Rarely does a home offer this combination of land, views, amenities & single-story living. Situated on an elevated 1.7+ acre lot that extends out into the valley giving a peninsula-style feel to it's panoramic view. Located in the highly desirable gated Grand Mesa section of Crystal Falls, this home delivers an exceptional lifestyle with sweeping views, resort-style pool and spa, extensive outdoor living & spacious 3,500+ sqft 1-story home. 3 beds+office that can be re-converted back to a 4th bedroom. Homes like this are truly hard to find. The open-concept design creates an inviting flow while the chef's kitchen features a large gas cooktop w/ griddle, stainless steel built-in appliances, double ovens, granite counters, wood vent hood & large pantry—ideal for both everyday living & entertaining. The thoughtful layout offers views from nearly every room along the back of the home allowing the surrounding landscape to become part of the home's everyday experience. The primary suite is a private retreat with a walk-in shower, circular soaking tub, and massive primary closet. Step outside and the property truly shines. Enjoy an incredible pool and hot tub with a large spillway, a fire pit, walking trails throughout the property, raised garden beds, and a large, flat backyard greenspace offering room for sports, recreation, or potentially a secondary structure. The wrap-around rear covered patio and front porch provide abundant opportunities to enjoy the outdoors and take in the views. Additional highlights include a whole-home Generac backup generator, fully fenced backyard, Sonos exterior speakers, EV level 2 charger outlet, and a 3-car split-bay garage. Crystal Falls Golf Club is directly outside the gates and ample amenities list in Crystal Falls. A rare opportunity to own an breath-taking one-story home on 1.7+ acres with panoramic views, a private pool, expansive outdoor living, and an exceptional amenity package—all in one of Leander's most desirable communities.

At $447/sqft, this home is priced 94% above the Leander active market average of $230/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

917 Dream Catcher Dr, Leander, TX 78641

Property Details

Price $1,595,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 3,568 sqft
Lot Size 1.71 acres (74,452.75 sqft)
Year Built 2014
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Grand Mesa At Crystal Falls Ii
County Travis
Zip Code 78641
$/sqft $447/sqft
Days on Market ,
HOA $77.5/Monthly
Annual Tax Est. $24,400
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249296183
List Date October 8, 2026
Elementary School Whitestone
Middle School Leander Middle
High School Leander High
School District Leander ISD

Leander ISD

Whitestone · Leander Middle · Leander High

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
3725 Salento Cv
Travisso - Verona Collection
$1,499,000 $373 4 bd / 5 ba 4,017 sqft , 2026-07-15
1601 Coronado None
Grand Mesa At Crystal Falls
$1,195,000 $355 5 bd / 4 ba 3,370 sqft , 2026-06-07
3700 Medicine Hat None
Grand Mesa At Crystal Falls Ii
$1,175,000 $250 5 bd / 5 ba 4,705 sqft , 2026-07-16
608 Brave Face St
Grand Mesa At Crystal Falls Ii
$1,075,000 $272 5 bd / 4 ba 3,956 sqft , 2026-05-01
1612 High Lonesome None
Grand Mesa At Crystal Falls II
$1,049,500 $338 4 bd / 4 ba 3,106 sqft , 2026-07-14

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
$7,656/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
$319,000
20% conventional investment loan

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

Estimated Gross Rent+$7,656
Principal + Interest−$8,705
Property Tax (assumed ~2.1%)−$2,791
Insurance (assumed ~0.5%)−$665
Est. Monthly Cash Flow $-4,505

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 24, 2026.

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

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