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Investment Highlights

  • Approved 9-building multifamily site plan (Villa Bonita).
  • Dual access: Bonita Verde Drive & Old Bagdad Road.
  • Williamson County, Texas · Leander ISD.
  • City of Leander pre-approval for LO/LC commercial rezoning.
  • Adjacent to $250M Crystal Village mixed-use development.
  • $1B+ active development pipeline in Leander.

Executive Summary

Located in the heart of one of the nation’s fastest-growing cities, 1000 Bonita Verde Drive presents an exceptional 1.45-acre development opportunity in Leander, Texas. Situated directly behind the Walgreens on the highly trafficked Crystal Falls Parkway corridor, this property offers unparalleled access and visibility in a booming economic submarket. Currently zoned Multi-Family (MF) with an approved 9-building site plan (Villa Bonita by Caledonia Builders), the property also holds a pre-approval from the City of Leander for rezoning to Local Office (LO) or Local Commercial (LC) — giving buyers rare dual-pathflexibility.
The property is situated directly behind the Walgreens on Crystal Falls Parkway — one of Leander’s primary commercial arteries. This location places the site at the intersection of established retail traffic and rapidly expanding residential density.
This property offers two distinct, City-approved development paths. The current MF zoning supports the approved Villa Bonita multifamily project, while a pre-approved rezoning to Local Office or Local Commercial unlocks a broader range of professional and retail uses — providing buyers with maximum flexibility.

Property Facts

Price $610,416 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 1.45 AC

1 Lot Available

Lot

Price $610,416 CAD
Price Per AC $420,976.22 CAD
Lot Size 1.45 AC

1.45-acre lot in Leander behind Walgreens on Crystal Falls Pkwy. Zoned MF with approved site plan and city pre-approval for office/retail use. Dual access, utilities in place, near MetroRail and major growth corridor—ideal for development.

Description

The property is a 1.45-acre parcel located behind Walgreens along Crystal Falls Parkway in Leander, Texas. It lies within the High Chaparral subdivision and features two points of access from Bonita Verde Drive and Old Bagdad Road. The site currently holds Multifamily zoning with an approved development plan but has also received pre-clearance for commercial rezoning. Utilities and surveys are complete, and the location lies about two miles from the Capital MetroRail Station with Austin’s CBD roughly 30 miles to the south. The immediate area includes mixed-use, commercial, and residential projects, with significant ongoing development activity in the surrounding corridor.

Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R035604
Land Assessment
$298,472 CAD
Improvements Assessment
$0 CAD
Total Assessment
$298,472 CAD
  • Listing ID: 40279582

  • Date on Market: 2026-04-24

  • Last Updated:

  • Address: 1000 Bonita Verde Dr, Leander, TX 78641

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