Active Listing  ·  34 days on market

115 Melrose St

Hutto, TX 78634
$409,990
4 Bed 4 Bath 2,649 sqft $155/sqft Built 2026 0.15 acres 2-Car Garage Pool Prairie Winds

MLS# 3528361 - Built by Trophy Signature Homes - Oct 2026 completion! ~ The Sapphire is a gem you are sure to fall for. The exquisite kitchen brings joy to everyday cooking tasks as amateur chefs prop their tablets on the island trying out the latest Food Network recipe. There’s more than enough room to chop veggies for the ratatouille. Hosting guests in the casual dining area? The layout of the island ensures no one will see dirty pots in the sink. Working from home is no problem in your secluded home office. Serenity can also be found in your luxurious primary suite. The downstairs location means peace and quiet even if there are guests upstairs. A convenient utility room, formal dining room and covered patio are splendid accompaniments to the design.

At $155/sqft, this home is 16% below the Hutto active market average of $185/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

115 Melrose St, Hutto, TX 78634

Property Details

Price $409,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,649 sqft
Lot Size 0.15 acres (6,577.56 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Prairie Winds
County Williamson
Zip Code 78634
$/sqft $155/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245836605
List Date September 4, 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
111 Magnolia Beech St
Flora
$412,990 $199 4 bd / 3 ba 2,079 sqft , 2026-09-29
101 Blanco Dr
Rivers Crossing Sub
$405,000 $220 3 bd / 2 ba 1,837 sqft , 2026-03-11
212 Divisadero Dr
Prairie Winds
$401,990 $194 4 bd / 3 ba 2,076 sqft , 2026-09-25
300 Rock Daisy Trl
Flora
$419,490 $176 4 bd / 3 ba 2,386 sqft , 2026-03-17
140 Bloomington Loop
Flora
$399,998 $184 4 bd / 3 ba 2,173 sqft , 2026-03-17

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
$1,968/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
$81,998
20% conventional investment loan

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

Estimated Gross Rent+$1,968
Principal + Interest−$2,237
Property Tax (~2.1% TX avg)−$717
Insurance (~0.5%)−$171
Est. Monthly Cash Flow $-1,157

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 September 5, 2026.

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