Active Listing  ·  20 days on market

108 Melrose St

Hutto, TX 78634
$368,965
4 Bed 3 Bath 1,767 sqft $209/sqft Built 2026 0.14 acres 2-Car Garage Pool Prairie Winds

MLS# - Built by Trophy Signature Homes - Aug 2026 completion! ~ Discover the Sabine's ease of single-story living in this thoughtfully designed 4-bedroom, 3-bathroom home, where open-concept spaces and modern finishes come together for everyday comfort. Built for both busy households and relaxed weekends at home, the layout offers the right balance of connection, privacy, and function. At the heart of the home, the kitchen flows seamlessly into the family room and breakfast area, creating a bright central gathering space that works just as well for casual mornings as it does for entertaining guests. The private primary suite is set apart for a quiet retreat, complete with a spacious bedroom, a well-appointed bath, and a generous walk-in closet. Three additional bedrooms give you flexibility for family, guests, or a home office setup, with two secondary baths placed for convenience.

At $209/sqft, this home is priced 11% above the Hutto active market average of $188/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

108 Melrose St, Hutto, TX 78634

Property Details

Price $368,965
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 1,767 sqft
Lot Size 0.14 acres (6,011.28 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Prairie Winds
County Williamson
Zip Code 78634
$/sqft $209/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242141788
List Date August 3, 2026
Elementary School Hutto
Middle School Hutto
High School Hutto
School District ,

Luke Allen (TREC #788149) has deep knowledge of Hutto and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Hutto

Comparable Listings Right Now

Homes currently for sale in Hutto with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
119 Malibu None
Prairie Winds
$369,965 $188 3 bd / 2 ba 1,965 sqft , 2026-05-15
119 Brazos Dr
Rivers Crossing Sub
$369,990 $231 3 bd / 2 ba 1,603 sqft , 2025-12-04
801 Universal Dr
Prairie Winds
$362,990 $215 4 bd / 2 ba 1,688 sqft , 2026-08-03
114 Melrose St
Prairie Winds
$374,990 $172 4 bd / 4 ba 2,183 sqft , 2026-06-18
115 Aransas River Rd
MEADOWS AT MUSTANG CREEK
$375,000 $252 3 bd / 2 ba 1,491 sqft , 2026-06-28

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,771/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$73,793
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,771
Principal + Interest−$2,014
Property Tax (~2.1% TX avg)−$646
Insurance (~0.5%)−$154
Est. Monthly Cash Flow $-1,043

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Hutto, TX

Hutto sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 4, 2026.

📞 (254) 718-2567 [email protected] More about Luke →