Active Listing  ·  86 days on market

937 Corvallis Dr

Leander, TX 78641
$439,990
4 Bed 3 Bath 2,251 sqft $195/sqft Built 2026 0.10 acres 2-Car Garage Pool New Construction Cedar Brook

Welcome to the beautiful Dexter plan in the popular Cedar Brook community!

This plan offers over 2200 sq ft of functional living space. Enter through the upgraded 8 foot front door and you'll find a private bedroom tucked just off the entry way, with it's own full bathroom that features an upgraded standing shower right outside. Travel into the home, passing the open railing stairs, garage entry and laundry room, into the open concept kitchen, dining, and high ceiling living rooms. In the living room, you 2 rows of windows, letting in so much natural light! You'll find your primary suite with an upgraded bay window right off the living room. In the owners bath, you have an upgraded, overesized mudset shower. Travel upstairs and find 2 more bedrooms, and 1 full bathroom. Perfect for having family and friends stay longterm!

Included features: blinds, water softener loop, garage door openers, tankless waterheater, and much more!

Schedule today to view this home with it's upgraded quartz counters, flooring, cabinets today!

This home is move in ready by November 2026! Photos are representative.

At $195/sqft, this home is 18% 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

937 Corvallis Dr, Leander, TX 78641

Property Details

Price $439,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,251 sqft
Lot Size 0.10 acres (4,486.68 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cedar Brook
County Williamson
Zip Code 78641
$/sqft $195/sqft
Days on Market ,
HOA $70/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT239845688
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 →

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 · July 14, 2026 $474,990
Previous ask $449,990
Current ask $439,990
▼ Reduced $35,000 (-7.4%) 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
836 Corvallis Dr
Cedar Brook
$439,990 $195 4 bd / 3 ba 2,251 sqft , 2026-09-02
832 Boise Dr
Cedar Brook
$439,990 $195 4 bd / 3 ba 2,251 sqft , 2026-09-02
836 Boise Dr
Cedar Brook
$449,990 $184 4 bd / 3 ba 2,441 sqft , 2026-09-02
432 Tinto St
ROSENBUSCH RANCH
$429,000 $178 4 bd / 3 ba 2,412 sqft , 2026-04-30
2137 Spokane Dr
Cedar Brook
$427,000 $169 4 bd / 3 ba 2,534 sqft , 2026-08-07

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

More Luxury Homes in Leander

Loading…
View All Luxury Homes →
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 29, 2026.

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