5 bed, 3 bath, 12,697 sqft on 2.50 acres in Leander. Leander, TX 78641. $2,799,999. Leander ISD.
About This Home
2.5 Acre property. Multiple buildings on property including: 1) 3900sqft ICF house – 1 Bedroom Downstairs, 1.5 Bathrooms Downstairs, 4 Bedrooms upstairs, 2 Bathrooms upstairs (one large bedroom could be used for theater room). Kitchen dual ovens, dual dish washers, wine fridge, large fridge/freezer combo, and induction stove top. 2) Large 95’ x 95’ x 26’ steel building (has 2 indoor sand volleyball courts - heated with A/C, jacuzzi, viewing area, wet bar, storage/office space, 2 man doors and 1 large roll-up door) 3) Large 30’ x 35’ x 14’ metal building (has a mini-split, one man door, 2 large roll-up doors) 4) Small 20’ x 20’ Garage (Steel building with roll-up door and man door) 5) 40’ Shipping Container 6) 102’ x 82’ x 21’ steel building – ready to go up – perfect for indoor gym (basketball, pickleball, or tennis!) 7) Well house – advanced water filtration system and 5200 gallon storage tank – Well goes down around 790 feet.
At 126 Lakewood Trl in Leander, Leander, TX 78641, the real headline is a 2.5-acre compound with 12,697 square feet and a climate-controlled 95-by-95 steel building built around two indoor sand volleyball courts. This is a 2025 single family residence priced at $3.50M, or $276 per square foot, and it offers a level of utility that is hard to replicate anywhere in Williamson County.
The main ICF house is set up for real daily function, not just square footage. There are five bedrooms, three full baths, one half bath, and a layout with one bedroom and 1.5 baths on the main level, then four more bedrooms upstairs. One of those upstairs rooms is large enough to work as a theater room, game room, or flex bedroom. The kitchen is equipped for volume with dual ovens, dual dishwashers, a wine fridge, a large refrigerator-freezer combo, and an induction cooktop. A fireplace adds a central gathering point, while the 10-car garage capacity changes how this property can be used for collections, hobbies, business equipment, or guest parking.
The outbuildings are what push this address into a different category. The 95-by-95 steel structure includes heating and air, a jacuzzi, a viewing area, a wet bar, storage or office space, two man doors, and a large roll-up door. A separate 30-by-35 metal building has a mini-split system, two large roll-up doors, and more workspace. There is also a 20-by-20 garage, a 40-foot shipping container, and a 102-by-82 steel building package ready to go up for an indoor gym, basketball court, pickleball setup, or another large-format use. The well house includes advanced water filtration, a 5,200-gallon storage tank, and a well reported at roughly 790 feet.
Leander puts you near New Hope Drive, Ronald Reagan Boulevard, and the 183A Toll corridor, which matters if you split time between Leander, Cedar Park, and North Austin. The property is zoned to Leander ISD, with Block House, Knox Wiley, and Rouse serving the address. Public listing portals currently show GreatSchools ratings of 7/10 for Block House Creek Elementary, 7/10 for Knox Wiley Middle School, and 8/10 for Rouse High School. After 26 days on market, 126 Lakewood Trl stands out as a property that gives you room to live, train, store, host, and expand, with the kind of flexibility that should hold long-term lifestyle and value appeal.
The numbers behind this insight
- Offered at
- $2,799,999
- Listed
- February 9, 2026
- Price changes
- 4, down 20% from $3,499,999
- Asking price per sq ft
- $221
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (383 sales), as of October 21, 2026.
- Property Type
- Residential
- Year Built
- 2025
- Lot Size
- 2.50 acres
- Price / Sq Ft
- $221
- Garage
- 10 spaces
Listing information last updated September 21, 2026.
Listed by 1st Brokerage
MLS# 5364626 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling-High
- High Speed Internet
- Kitchen Island
- Smart Home
- Smart Thermostat
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Wired for Data
- Built-In Electric Oven
- Built-In Electric Range
- Built-In Freezer
- Built-In Refrigerator
- Dishwasher
- Exhaust Fan
- Ice Maker
- Induction Cooktop
- Microwave
- Double Oven
- Washer
- Dryer
- Electric Water Heater
- Water Purifier
- Water Purifier Owned
- Water Softener Owned
- Wine Refrigerator
- Tile
- Vinyl
- Heating
- Central,Electric
- Cooling
- Ceiling Fan(s),Central Air,Electric,ENERGY STAR Qualified Equipment,Exhaust Fan,Heat Pump
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Electric Car Plug-in
- Sport Court
- ICFs (Insulated Concrete Forms)
- Back Yard
- Few Trees
- Front Yard
- Gentle Sloping
- Views
- Fenced
- Gate
- Slab
- Covered
- Deck
- Front Porch
- Roof
- Metal
- Lot Size
- 2.50 Acres
- Additional Parking
- Electric Gate
- Garage
- Unpaved
- Garage Spaces
- 10
Financial
- Original List Price
- $3,499,999
- Price per Sq Ft
- $221
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Water Source
- Well
- Sewer
- Aerobic Septic
Transaction History
1 record on file
Every recorded listing, sale, and lease at 126 Lakewood TRL, whoever represented it.
- ActiveListed 2026Current price: $2,799,999Original list: $3,499,999MLS 5364626
- Price changed · June 23, 2026$3,199,999
- Price changed · July 27, 2026$2,999,999
- Price changed · August 22, 2026$2,899,999
- Price changed · September 21, 2026$2,799,999
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Explore this area
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $2,799,999
- Original list
- $3,499,999
- Price movement
- $700K reduction
- Listed / DOM
- Feb 9, 2026 · 254 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,973,021
- Assessment Year
- 2025
- Year Built
- 2023
- Parcel ID
- R-17-W333-70D0-0001B
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-18.0% | — | $1,617,001 | $646,918 | $970,083 |
2025 | — | $1,973,021 | $646,918 | $1,326,103 |
Zoned Schools
Rouse
Knox Wiley
Block House
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($560K)
Adjustable assumption - not a lending recommendation.
$2,799,999
Luxury property intelligence
Keenan Market Position
A sourced read on Leander pricing, timing, and property scale. No automated valuation claim.
List price
$2,799,999
Price per sqft
$221/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
254 days
Original to current
$700K reduction
$3.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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