Active Listing  ·  66 days on market

114 Melrose St

Hutto, TX 78634
$374,990
4 Bed 4 Bath 2,183 sqft $172/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Prairie Winds

MLS# 7287094 - Built by Trophy Signature Homes - Ready Now! ~ The perfection of the Pearl cannot be denied. This two-story design enhances your lifestyle with the most sought-after home features. At the heart of the home is a functional yet stunning kitchen, complete with contemporary cabinets, a center island, and generous counter space - a lustrous complement to any meal. A secluded home office provides the ideal setting for focused work or uninterrupted Zoom meetings. Upstairs, three spacious bedrooms are arranged around a magnificent game room - perfect for high-tech setups with computers, game consoles, and speakers. The game room’s location ensures peace and privacy in the beautiful primary suite.

At $172/sqft, this home is 9% below the Hutto active market average of $188/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

114 Melrose St, Hutto, TX 78634

Property Details

Price $374,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,183 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Prairie Winds
County Williamson
Zip Code 78634
$/sqft $172/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236829305
List Date June 18, 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
115 Aransas River Rd
MEADOWS AT MUSTANG CREEK
$375,000 $252 3 bd / 2 ba 1,491 sqft , 2026-06-28
1102 Universal Dr
Prairie Winds
$379,510 $165 4 bd / 3 ba 2,299 sqft , 2026-01-12
119 Brazos Dr
Rivers Crossing Sub
$369,990 $231 3 bd / 2 ba 1,603 sqft , 2025-12-04
108 Pico St
Prairie Winds
$369,990 $143 5 bd / 3 ba 2,585 sqft , 2026-05-07
119 Malibu None
Prairie Winds
$369,965 $188 3 bd / 2 ba 1,965 sqft , 2026-05-15

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
$1,800/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
$74,998
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,046
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,058

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 June 29, 2026.

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