ActiveResidential · sale

508 Leland

Austin, TX 78704

$2,550,000

  • 4 beds
  • 4 baths
  • 3,246 sq ft
  • 0.14 acres
  • Built 2019

Listed by LPT Realty, LLC · MLS #ACT7488496

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The entrance of the property greets you with a gorgeous gated entry, as the main floor welcomes you into a spacious living room, dining room, chef’s kitchen with Thermador appliance suite, custom walnut cabinets, oversized pantry, powder bath, and resort-like backyard with heated pool, covered patio, outdoor kitchen, and lush landscaping including two mature olive trees.

Details worth a look

On the second floor, you’ll find the spacious primary bedroom, primary bath with spa-like wet room that includes a Kohler triple showerhead system and freestanding soaking tub, two separate walk-in closets, and a dedicated balcony.

Year built

Built in 2019.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

SUPER WALKABLE! Location, luxury, lifestyle. Welcome to 508 Leland, a stunning residence in coveted Travis Heights, just two blocks from South Congress buzz and one block from quiet greenbelt trails connecting to parks, playgrounds, and Town Lake. This design-forward 4-bed, 3.5-bath home boasts a chef’s kitchen, expansive living and dining spaces, backyard oasis with pool, spacious bedrooms and bathrooms, two gameroom/flex spaces, abundant natural light, Epoxy-finished garage, and gated front yard with ample additional parking. The entrance of the property greets you with a gorgeous gated entry, as the main floor welcomes you into a spacious living room, dining room, chef’s kitchen with Thermador appliance suite, custom walnut cabinets, oversized pantry, powder bath, and resort-like backyard with heated pool, covered patio, outdoor kitchen, and lush landscaping including two mature olive trees. On the second floor, you’ll find the spacious primary bedroom, primary bath with spa-like wet room that includes a Kohler triple showerhead system and freestanding soaking tub, two separate walk-in closets, and a dedicated balcony. The second floor also houses a second bedroom, second full bathroom, spacious laundry room, and sunny flex space with views of the Travis Heights hills, perfect for a library, workspace, or playspace. The third floor houses the spacious third and fourth bedrooms, a third full bathroom, a second flexspace perfect for a playspace or media room, and a large storage closet. Since the home’s original purchase in 2020, it has received ~$100K in custom upgrades, interior design and landscaping. Throughout this meticulously-maintained home are Hickory hardwood floors indoors, Brazilian Ipe wood decking outdoors, Calcatta Quartzite and Caesarstone counters, Kohler showers, reverse-osmosis filtered drinking water faucets, and pre-wiring for Sonos or similar speakers. If you desire the ultimate balance of location, style, and wellness, you have arrived!

THE NEIGHBORHOOD

Explore the location.

508 Leland, Austin, TX 78704

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2019
Full baths
3
Half baths
1
Garage spaces
1
Cooling
Ceiling Fan(s), Central Air, Zoned
Heating
Central, Zoned
Appliances
Built-In Electric Oven, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Microwave, Double Oven, RNGHD, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater, Water Purifier
Flooring
Tile, Wood
Fencing
Back Yard, Full, Gate, Perimeter, Privacy
Accessibility
Accessible Entrance
Pool features
Cabana, Fenced, Heated, Outdoor Pool, Pool Sweep
Subdivision
Blue Bonnet Hills
Parcel
03020201170000
Elementary school
Travis Hts
Middle school
Lively
High school
Travis
Annual property tax
$28,156.30

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$10,625.00
Cap rate

Annual operating income:

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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508 Leland, Austin, TX 78704 · MLS #ACT7488496

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Listing information

MLS #ACT7488496 · Austin Board of Realtors

Listing brokerage: LPT Realty, LLC
Listing agent: Casey Packer

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.