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$505,000

NAL Estimated Property Value

1101 Ivean Pearson RD E202, Leander, TX, 78645

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,788 Sq Ft
price_per_sqft$321.59 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt-In Gas Oven, Built-In Gas Range, Dishwasher, Disposal, Exhaust Fan, Microwave, Oven, Gas Oven, Refrigerator, Free-Standing Refrigerator, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony, Boat Slip
Lot Size15,446 sqft

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APN01527807470000
Lot Number202
SubdivisionWaterstone Condominiums Amended
Land UseResidential
Legal DescriptionUNT 202 BLD E WATERSTONE CONDOMINIUMS AMENDED PLUS 1.48 % INT IN COM AREA
Census Tract037600
Assessed Land Value$94,320
Assessed Improvement Value$473,826
Assessment Year2025

About this property

Welcome to Unit E202 at 1101 Ivean Pearson Dr—a rare opportunity to own a beautifully appointed top-floor, two-level condo with unobstructed views of Lake Travis in the highly coveted Waterstone community. This spacious 1,788 sq ft residence features 3 bedrooms and 3 full bathrooms, offering an open and airy floor plan with soaring ceilings and floor-to-ceiling windows that fill the home with natural light and showcase stunning panoramic lake views. The primary suite is located on the main level, providing privacy and comfort with a spa-like en-suite bathroom and walk-in closet. The open-concept kitchen is a chef’s dream, featuring granite countertops, high-end appliances, and seamless flow into the living and dining areas—ideal for entertaining. Step outside from the living room to a spacious 480 sq ft private terrace, perfect for morning coffee, sunset views, or outdoor dining with a view. Upstairs, two generously sized bedrooms and full baths offer plenty of flexibility for guests, home office, or additional living space. Waterstone community amenities include a resort-style pool and hot tub overlooking the lake, lakeside firepits, a covered outdoor kitchen and grill area, and private marina access with day docks and jet ski slips—perfect for enjoying everything Lake Travis has to offer. Conveniently located near Lago Vista’s golf course, local parks, and the floating lake restaurant The Gnarly Gar, this home delivers the best of lakeside luxury and Hill Country charm. Don’t miss your chance to own one of Waterstone’s premier units. Schedule your private showing today!

Investor Tools

Property Icon
$505,000
Estimated Property Value
$371,180Estimated Mortgage Balance
$133,820Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$773/month
$719/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,749
$487,810
2025
$94,320
$473,826
$568,146
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,749
$487,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$375,000
No
First
Aug 4, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,180
$133,820
26%
74%
$2,249/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,170/mo
$2,968/mo
$-798/mo
5.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Leander

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1101 Ivean Pearson RD E202 | Property Details | No Agent List