Active Listing  ·  72 days on market

921 Purmela St

Leander, TX 78641
$639,990
5 Bed 4 Bath 3,221 sqft $199/sqft Built 2026 0.14 acres 2-Car Garage Pool New Construction Edgewood

This wonderful Balcones-II plan, known for its open concept, features a private front bedroom and bathroom tucked just off the foyer, perfect for guests. There's a formal dining room just a bit farther down the entryway, with an entrance to the kitchen. The kitchen opens to the grand family room with high ceilings. This home has a lot natural light with its 2 stories of windows in the family room. The owners suite is right off the family room, and features a beautiful bay window, two closets in the bathroom, and a dual vanity sink, large soaking tub, and walk-in shower. The downstairs flooring is upgraded to vinyl all throughout the common areas. As you make your way up the beautiful open rail staircase to the 2nd floor, you enter a large game room, through which you can enter the 5th bedroom, and 4th full bath in the home. There are two more spacious bedrooms, and another large bathroom upstairs. The backyard of this gorgeous home features an extended covered patio with a gas line, perfect for outdoor cooking and entertaining.

Call to schedule a visit to view this home with all of its upgrades and design options. Estimated completion date is in December.

At $199/sqft, this home is 13% below the Leander active market average of $230/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

921 Purmela St, Leander, TX 78641

Property Details

Price $639,990
Status Active Listing
Beds 5
Full Baths 4
Half Baths ,
Living Area 3,221 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Edgewood
County Williamson
Zip Code 78641
$/sqft $199/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT245406360
List Date September 1, 2026
Elementary School Tarvin
Middle School Stiles
High School Rouse
School District Leander ISD

Leander ISD

Tarvin · Stiles · Rouse

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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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 · September 1, 2026 $713,990
Previous ask $678,990
Current ask $639,990
▼ Reduced $74,000 (-10.4%) 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
817 Purmela St
Edgewood
$639,990 $199 5 bd / 4 ba 3,221 sqft , 2026-08-26
137 Claiborne Lake Ln
Parkside at Mayfield Ranch
$649,000 $203 4 bd / 5 ba 3,200 sqft , 2026-09-25
1017 Sunset Hill Way
Parkside on the River West
$649,900 $221 4 bd / 4 ba 2,944 sqft , 2026-03-11
4104 Waxahachie Rd
Edgewood
$649,990 $188 4 bd / 4 ba 3,456 sqft , 2026-10-07
1475 Cypress Paul St
Parkside Peninsula
$624,990 $227 4 bd / 5 ba 2,749 sqft , 2026-06-29

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
$3,072/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
$127,998
20% conventional investment loan

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

Estimated Gross Rent+$3,072
Principal + Interest−$3,493
Property Tax (assumed ~2.1%)−$1,120
Insurance (assumed ~0.5%)−$267
Est. Monthly Cash Flow $-1,808

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 November 4, 2026.

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

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