— bed, — bath, 3,753 sqft on 0.49 acres in Leander. Leander, TX 78641. $899,000. Leander ISD.
About This Home
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.
This 3,753-square-foot duplex at 511-513 Lion Dr in Leander Heights Section Two represents efficient luxury design at $260 per square foot, newly constructed in 2026 and priced at $975,000. Built by a custom builder, each unit maximizes livable space through open floor plans with no interior steps, high ceilings, and 8-foot doors that eliminate the cramped feeling of typical duplex construction. The architectural details matter here: built-in closet systems, ceiling-high storage, and multiple dining areas prove this wasn't designed for volume but for long-term tenant appeal and investor returns.
Finishes reflect residential quality rather than rental compromise. Stucco and stone exterior work reduces maintenance costs while improving curb appeal on the 0.492-acre lot. Inside, stainless steel appliances, a breakfast bar with built-in pantry, double vanities, and a primary bedroom on the main floor support both comfort and functionality. Each unit includes a one-car garage with 220V EV charging plus an additional covered space for outdoor living. Low-flow plumbing fixtures and high-speed internet wiring signal forward-thinking design for today's tenant expectations.
Location anchors this investment. You're minutes from Old Town Leander with its restaurants, shopping, and walkable downtown character. The property sits within walking distance to Leander Middle School and Leander High School campuses in Leander ISD. Camacho Elementary feeds the same district. This proximity to schools matters for both family renters and long-term community stability. The Leander submarket continues absorbing new residents from north Austin, with I-35 access roughly 15 minutes away and employers like Tesla and Oracle within reasonable commute range.
This is one of only three duplexes in the development, meaning privacy and exclusivity that multifamily investors rarely encounter. The rare combination of new construction quality, efficient dual-unit income potential, and Leander's rapid growth trajectory positions this asset for sustained tenant demand and appreciation. The 8-day market time reflects how quickly smart investors recognize legitimate value.
The numbers behind this insight
- Offered at
- $899,000
- Listed
- March 19, 2026
- Price changes
- Reduced, down 7.8% from $975,000
- Asking price per sq ft
- $240
- Property Type
- Residential Income
- Year Built
- 2026
- Lot Size
- 0.49 acres
- Price / Sq Ft
- $240
- Garage
- 2 spaces
Listing information last updated September 22, 2026.
Listed by University Realty
MLS# 9116957 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Ceiling-High
- Double Vanity
- Entrance Foyer
- High Speed Internet
- Low Flow Plumbing Fixtures
- Multiple Dining Areas
- No Interior Steps
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Study
- Home Office
- Walk-In Closet(s)
- Built-In Range
- Dishwasher
- Disposal
- Stainless Steel Appliance(s)
- Carpet
- Laminate
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Electric Car Plug-in
- Private Yard
- Stone
- Stucco
- Back Yard
- Privacy
- Slab
- Covered
- Front Porch
- Porch
- Rear Porch
- Roof
- Shingle
- Lot Size
- 0.49 Acres
- Attached Carport
- Concrete
- Electric Vehicle Charging Station(s)
- Garage Spaces
- 2
Financial
- Original List Price
- $975,000
- Price per Sq Ft
- $240
Utilities
- Electricity Connected
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 511-513 Lion DR, whoever represented it.
- ActiveListed 2026Current price: $899,000Original list: $975,000MLS 9116957
- Listed · March 19, 2026$975,000
- Price changed · June 23, 2026$949,000
- Price changed · August 24, 2026$899,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $899,000
- Original list
- $975,000
- Price movement
- $76K reduction
- Listed / DOM
- Mar 19, 2026 · 216 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $187,091
- Assessment Year
- 2025
- Year Built
- 2025
- Parcel ID
- R-17-W337-000A-B1B6
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026+305.7% | — | $758,952 | $67,500 | $691,452 |
2025 | — | $187,091 | $102,871 | $84,220 |
Virtual Tour

Zoned Schools
Leander High
Leander Middle
Camacho
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% ($180K)
Adjustable assumption - not a lending recommendation.
$899,000
Luxury property intelligence
Keenan Market Position
A sourced read on Leander 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
216 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 Oct 16, 2026.
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