Investor/Flipper Special – 2 Houses 3.47 Acres! Leander, TX 7864
4 Bed | 3.5 Bath | ~3.47 Acres | 2 Homes | Huge Value-Add Opportunity
Rare opportunity in Round Mountain Oaks—this 3.47-acre property includes a mostly renovated 4-bed, 3.5-bath main house ready for final finish-out, plus a fully remodeled rent house with a tenant in place on a month-to-month lease.
The main house, built in 1993, offers approximately 3,978 sq ft with tile and wood flooring and a slab foundation. Major upgrades have been completed including a metal roof (4 years old), three HVAC systems (3 years old), and updated mechanicals. Remaining finish-out work includes approximately 30% stucco completion, some drywall, flooring, and electrical updates. The home is currently vacant and accessible via lockbox.
The guest house is in great condition, 2BR 1 Ba remodeled about 4 years ago, and provides immediate rental income with a tenant on a flexible lease.
The property includes well water, two septic systems, two carports, a gazebo, BBQ pit, three patios, upper-level balconies, a 12×12 pump house with a 5,000-gallon tank, and a water fountain. Located outside the flood zone with no known termite or lead-based paint issues. Title is reported as clear.
This is an ideal project for investors, flippers, or buyers
Basic Property Information
<strong>Dwelling Size - </strong> 3,978 ft2
From Public Records
<strong>Year Built - </strong> 1992
<strong>Stories - </strong> Two
<strong>Foundation - </strong> Slab
<strong>Garage - </strong> 1
Carport
<strong>Roof - </strong> Metal
<strong>Lot Size Acres - </strong> 3.473
<strong>Waterfront Features - </strong> None
Bedrooms - 4
<strong>Main Level Bedrooms - </strong> 4
<strong>Bathrooms - </strong> 3.5
<strong>Full - </strong> 3
<strong>Half - </strong> 1
<strong>Living Rooms - </strong> 1
<strong>Dining Rooms - </strong> 1
<strong>Fireplaces - </strong> 1
Electric
<strong>Pool on Property- </strong> None
School District
<strong>School District - </strong> Leander ISD
<strong>Elementary - </strong> Bagdad
<strong>Middle - </strong> Danielson
<strong>Senior High - </strong> Glenn
Home Owners Association
Amenities and Features
Other Features
None
See Remarks
Utilities
Heating: Central Cooling: Central Air See Remarks
Sewer: Septic Tank Water: Public
Additional Details
<strong>Faces - </strong> NE
<strong>Flooring - </strong> Tile,Wood
<strong>View - </strong> Trees/Woods
<strong>Lot Features - </strong> Garden,Views
<strong>Sellers Representative - </strong> Joseph Walter Realty, LLC
(888) 227-1009
<strong>Other Structures - </strong> None
<strong>Accessibility Features - </strong> None
<strong>Community Features - </strong> See Remarks
Walk Score
Based on information from the Austin Board of REALTORS® for the period 08/26/2026 through 08/26/2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.
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