
New construction duplex opportunity in the heart of Leander, just minutes from Old Town and within walking distance to Leander Middle School and Rick Bledsoe Park. Built by a custom builder, this property stands apart from typical investor product with elevated construction quality and thoughtful, design-forward details that support long-term value and tenant appeal.
Each unit features high ceilings, 8-foot doors, architectural arches, and built-in closet systems—finishes more commonly found in custom homes than duplex inventory. The exterior showcases a durable and attractive stucco and stone combination, enhancing curb appeal and reducing maintenance over time.
Designed with modern living in mind, each unit includes a one-car garage equipped with a 220V plug for EV charging, plus an additional covered space that can function as a carport or outdoor living/grilling area. Spacious private yards and covered patios further increase livability and rental desirability.
This duplex is one of only three in a limited development, offering a level of privacy and exclusivity not typically found in multifamily investments. Ideal for investors seeking a high-quality asset in a rapidly growing Leander submarket with strong rental demand and proximity to schools, amenities, and Old Town charm.
Property Type
Residential Income
Year Built
2026
Lot Size
0.49 acres
$/Sq Ft
$240
Garage
2 spaces
Listed by University Realty
Verified property facts
511-513 Lion DR is listed at $899,000 with 0 bedrooms, 3,753 square feet, 0.49-acre lot. This places it above the ZIP 78641 single-family closed-sale median price of $675,000 (ZIP 78641 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 10, 2026).
511-513 Lion DR is zoned for Leander ISD with assigned schools: Camacho (elementary), Leander Middle (middle), Leander High (high). School assignments should be verified directly with the district.
511-513 Lion DR is a Residential Income built in 2026 featuring 0 bedrooms, 3,753 square feet, 0.49-acre lot.
511-513 Lion DR is listed by University Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 10, 2026.
The most recent annual property tax for 511-513 Lion DR is $3,814. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
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Property Details
Features
Appliances
Flooring
Features
Construction
Fencing
Foundation
Patio / Porch
Parking
1 record on file
Every recorded listing, sale, and lease at 511-513 Lion DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.

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.
20% ($180K)
Adjustable assumption - not a lending recommendation.
$899,000
Luxury property intelligence
A sourced read on Leander Heights Sec Two pricing, timing, and property scale. No automated valuation claim.
List price
$899,000
Price per sqft
$240/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
175 days
Original to current
$76K reduction
$975K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 10, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 511-513 Lion DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Sep 10, 2026, 511-513 Lion DR is offered at $899,000. The current MLS snapshot shows 650 active listings in 78641. Keenan Group has completed 6 verified transactions in 78641 within its 1,000+ completed transactions and $1B+ career volume across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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