$435,000
●
House -
For Sale
1201 Drake CV
Leander, TX 78641
4 Beds
2 Baths,
1
Half Bath
2,614 Ft²
$2,883
Est. Monthly
$49
HOA / Fees
About This Property
This stunning 4-bedroom home with an additional office has been
meticulously maintained by its original owner and is situated on a
quiet cul-de-sac in a desirable neighborhood. Notable upgrades and
features include built-in Bose speakers in the living room, a
Kinetico water softener, a reverse-osmosis drinking water system,
an oversized upgraded walk-in shower in the primary bathroom,
separate vanities and two walk-in closets in the primary suite,
ceiling fans and blinds in all secondary bedrooms, and a radiant
barrier in the attic for improved energy efficiency. The home
offers abundant storage with two walk-in attic storage rooms and
built-in garage shelving. Additional highlights include a large
walk-in pantry in the kitchen, an oversized laundry room, a new
roof installed in 2021, an HVAC system replaced in October 2025,
and no carpet on the first floor. Blinds, curtains, and the
refrigerator are included. A 220-volt outlet on the back patio
makes it hot tub-ready, and the property is wired for both sound
and security. This home is truly move-in ready.
Unit Size
2,614 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$166
Property Type
House
Property Taxes
$698
HOA Dues
$49
Year Built
2006
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Unlock MLS #ACT5684559)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 18, 2026 | Listed by Keller Williams Realty | $435,000 | |
| Listed by Keller Williams Realty | |||
| Aug 6, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jun 2, 2025 | Price Decreased |
$445,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Feb 11, 2025 | Price Decreased |
$455,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jan 23, 2025 | Listed by Hughes & Company Real Estate | $459,999 | |
| Listed by Hughes & Company Real Estate | |||
   | |||
|
This beautiful 4-bedroom plus one office home has been meticulously maintained by the original owner and sits on a quiet cul-de-sac in a fantastic neighborhood! Upgraded and additional features include built-in Bose speakers in living room, Kinetico water softener, reverse-osmosis drinking water system, upgraded oversized walk-in shower in primary bathroom, separate vanities in primary bathroom along with two separate closets, ceiling fans and blinds in all secondary bedrooms, radiant barrier in attic for reduced utility bills, abundant storage (two walk-in attic storage rooms), and built-in shelving in garage. There is a recently-installed dishwasher and microwave in the kitchen. Other features include a large walk-in pantry in kitchen, an oversized laundry room, recently installed water heater, stand-alone hot tub on 10 x 10 decking, new roof installed in 2021, and no carpet on the first floor! This home is move-in ready! Contact us for a showing!
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Attached, Driveway, Garage, Garage Faces Front
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Granite Counters, Open Floorplan, Walk-In Closet(s), Wired for Sound, High Speed Internet, Ceiling-High, Multiple Living Areas, Primary Bedroom on Main, Two Primary Closets
Appliances: Built-In Gas Oven, Dishwasher, Disposal, Exhaust Fan, Gas Cooktop, Microwave, Water Heater, Water Softener Owned
Flooring Type: Carpet, Laminate, Tile, Wood
Has Fireplace
Fireplace Features: Gas, Wood Burning
Fireplaces: 1
Exterior Details
Square Footage: 2614
Square Footage Source: $0
Green Sustainability
Property Condition: Resale
Year Built Source: Public Records
Year Built: 2006
Waterfront Features: None
Levels: Two
Other Structures: None
Window Features: None
Construction Materials: Brick Veneer, Concrete
Patio and Porch Features: Deck, Front Porch, Patio
Pool Features: None
Lot Features: Cul-De-Sac, Interior Lot, Level
Lot Size Area: 8855.75
Lot Size Units: Square Feet
Lot Size Acres: 0.2033
Lot Size Square Feet: 8855.75
Water Source: Public
Financial Details
Tax Map Number: 18
Tax Assessed Value: $445,176
Tax Annual Amount: $8,374
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA Fee: $49
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Leander
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Listed by: Michael Eckert
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 346-3550
Last Updated: 2026-07-19 04:04:12
Data Source: Unlock MLS, MLS# ACT5684559
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 346-3550
Last Updated: 2026-07-19 04:04:12
Data Source: Unlock MLS, MLS# ACT5684559
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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