1201 Madrone

Leander, TX 78641

$269,900

3 beds
2 baths
1,322 sq ft
0.17 acres
Built 1997

Listed by GCG Investments · MLS #ACT8913351

1201 Madrone, Leander, TX 78641 — photo 1

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

Nestled in a quiet, established neighborhood, this charming 3-bedroom, 2-bath home offers an inviting open floor plan designed for comfortable everyday living and easy entertaining.

Details worth a look

Step outside to discover a large covered back deck overlooking a backyard full of possibilities—ideal for gardening, outdoor entertaining, pets, or creating your own private retreat.

Year built

Built in 1997.

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

THE PROPERTY

Get to know the property.

Move in ready, Under 270k!

Welcome to 1201 Madrone Trail in the heart of Leander! Nestled in a quiet, established neighborhood, this charming 3-bedroom, 2-bath home offers an inviting open floor plan designed for comfortable everyday living and easy entertaining. The spacious great room features a cozy brick fireplace, creating the perfect gathering space for family and friends.

Step outside to discover a large covered back deck overlooking a backyard full of possibilities—ideal for gardening, outdoor entertaining, pets, or creating your own private retreat.

With approximately 1,322 square feet, a two-car garage, and a desirable location close to shopping, dining, parks, and highly regarded Leander ISD schools, this home delivers exceptional value. Opportunities like this are rare—one of the most affordable homes available in the area, priced under $270,000. Don't miss your chance to own a move-in-ready home with updates, character, and room to make it your own.

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THE NEIGHBORHOOD

Explore the location.

1201 Madrone, Leander, TX 78641

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THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1997
Full baths: 2
Half baths: 0
Garage spaces: 2
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Gas Range, Free-Standing Refrigerator, Water Heater
Flooring: Carpet, Laminate
Fencing: Back Yard, Fenced, Wood
Accessibility: None
Pool features: None
Subdivision: Mason Crk Sec 01
Parcel: 17W338401L00080006
HOA: Mason Creek HOA
HOA amenities: Common Area Maintenance
HOA fee frequency: Monthly
Elementary school: Whitestone
Middle school: Leander Middle
High school: Leander High
Annual property tax: $5,523.22
HOA fee: $18.00

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$329.66

Estimated monthly rent$1,124.58

Cap rate1.72%

Annual operating income: $4,630.63

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Purchase price

Rental income & operating costs

Estimated monthly rent

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

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

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.

Monthly HOA

Other monthly costs

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

Down payment (%) Interest rate (%) Loan term

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

Estimated monthly principal & interest—Loan 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

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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.

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Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Stone-front home with a landscaped lawn and central entry — A more complete plan for your property

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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.

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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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1201 Madrone, Leander, TX 78641 · MLS #ACT8913351

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Listing information

MLS #ACT8913351 · Austin Board of Realtors

Listing brokerage: GCG Investments
Listing agent: Jennifer Dial

Listing status: Active. Record updated June 25, 2026. Confirm current availability and price with the listing agent.