
— bed, — bath, 3,753 sqft on 0.49 acres in Leander. Leander, TX 78641. $899,000. Leander ISD.
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.
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 30, 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 Oct 1, 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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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
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List price
$899,000
Price per sqft
$240/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
196 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 1, 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 Oct 1, 2026, 511-513 Lion DR is offered at $899,000. The current MLS snapshot shows 625 active listings in 78641. Keenan Group has completed 13 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.
| Address | Offered At |
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| 516 Landing Ln | $525K |
| 2228 Long Bow Dr | $860K |
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