40
Map
1940 Blue River DR
About This Property
Welcome to 1940 Blue River - a beautifully maintained 2-story home offering 2,248 sq ft, 4 bedrooms, and 3 full baths in highly sought-after Leander ISD.
This turnkey home features a flexible layout with a full bedroom and bath on the main level, perfect for guests or a home office. Enjoy thoughtful upgrades including a stunning upgraded fireplace, a functional mudroom addition, and spacious living areas designed for everyday comfort.
Upstairs, unwind on the private second-floor balcony, the perfect spot for morning coffee or evening relaxation.
? 4 Bedrooms | 3 Bathrooms
? 2,248 Sq Ft
? Guest Bed & Bath Downstairs
? Upgraded Fireplace
? Added Mudroom
? Second-Floor Balcony
? Located in Leander ISD
Move-in ready and priced at $399K, this home blends style, function, and value in one of the fastest-growing areas of Central Texas.
?? DM for more details or to schedule a showing!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Apr 17, 2026 | Price Decreased |
$379,000
↓ $6K
(1.6%) | |
| Price Decreased | |||
| Mar 25, 2026 | Price Decreased |
$385,000
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Mar 11, 2026 | Listed by Compass RE Texas, LLC | $399,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
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About Williamson
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Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-05-15 04:25:36
Data Source: Unlock MLS, MLS# ACT7051826
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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