Active Listing  ·  1 day on market

25009 Fawn Dr

Leander, TX 78641
$140,000
2.50 acres Leander Hills

Endless Potential on 2.5 Unrestricted Acres in Leander ETJ!

A rare find in a rapidly growing area surrounded by exciting new construction, this 2.5-acre property offers a blank canvas with incredible upside for investors, builders, or buyers looking to create their dream homestead. Situated in the Travis County ETJ (low county-only taxes!), this unrestricted parcel allows for manufactured homes, modular setups, or a custom build.

The heavy lifting on infrastructure is already done: the property features an established water meter, 2 to 3 electric poles with breaker boxes, and three separate driveway entrances off the main road complete with drainage culverts already in place. There was a 2010 manufactured home that was removed, and the septic system is still in place, but would need to be inspected by the buyer.

Important Note on Condition & Terms: The property is currently occupied by accumulated items and vehicles and is being sold strictly as-is with zero clean-up performed by the seller. This is a probate court-administered sale. The buyer will be responsible for obtaining a new survey. All property details, restrictions, utilities, schools, and boundaries must be independently verified by the buyer and their agent. Bring your vision and capitalize on this booming location!

Location

25009 Fawn Dr, Leander, TX 78641

Property Details

Price $140,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 2.50 acres (108,900 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · See Remarks
Subdivision Leander Hills
County Travis
Zip Code 78641
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,168.53
Pool ,
Waterfront ,
New Construction ,
MLS # ACT247291140
List Date September 21, 2026
Elementary School Bagdad
Middle School Danielson
High School Glenn
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 →

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
$672/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
$28,000
20% conventional investment loan

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

Estimated Gross Rent+$672
Principal + Interest−$764
Property Tax (~2.1% TX avg)−$245
Insurance (~0.5%)−$58
Est. Monthly Cash Flow $-395

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 21, 2026.

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