3207 Crystal Falls PKWY
About This Property
Located in the prestigious Grand Mesa section of Crystal Falls-one of Leander's most sought-after golf-course communities-this custom luxury home sits on an elevated 2.5-acre lot with breathtaking panoramic Hill Country and sunset views from nearly every room. Offering the perfect blend of privacy, elegance, and convenience, it's just minutes from top-rated Leander ISD schools, shopping, walking trails, and Hwy 183. Over $100K in thoughtful updates which showcase pride of ownership, including a recent roof, custom sandstone retaining wall, and lush front landscaping with elegant white limestone accents framing the trees and garden beds. Upon entry through the grand 2-story foyer, the Hill country picturesque view is instantly presented through walls of windows spanning across the soaring 2-story living room and stone fireplace, together with the dining room, updated gourmet kitchen with adjoining Media/Flex room, in this open flexible floor plan attracting abundant natural light. Multiple covered porches, patios, & balcony create seamless indoor-outdoor living-perfect for morning coffee, sunset dinners, or quiet reflection. The expansive backyard offers ample room for a future pool or guest house, with no front or back neighbors ensuring exceptional privacy. The main-level primary suite is a serene retreat with dual vanities, soaking tub, walk-in shower, and spacious walk-in closet, plus wrap-around windows and a private patio door to enjoy stunning views. Upstairs 2 bedrooms with private baths & walk-in closets have abundant windows and private balcony doors for enjoying views on the balcony with 3 skylights. Schedule your private showing to experience the luxury, space, tranquility of Hill Country custom view estate in Grand Mesa's premier lot - complete with resort-style amenities, trails, parks, & award-winning Crystal Falls Golf Club.
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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 14, 2026 | In contract | - | |
| In contract | |||
| Apr 4, 2026 | Price Decreased |
$948,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Mar 7, 2026 | Price Decreased |
$949,000
↓ $46K
(4.6%) | |
| Price Decreased | |||
| Jan 30, 2026 | Price Decreased |
$995,000
↓ $30K
(2.9%) | |
| Price Decreased | |||
| Dec 22, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017