Active Listing  ·  128 days on market

118 Gilmer Ln

Buda, TX 78610
$348,565
4 Bed 3 Bath 2,473 sqft $141/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Prairie Lakes

Estimated completion August!

Find all the space you need in our Nicole floorplan at Prairie Lakes in Buda, TX. With 2 modern farmhouse exteriors to choose from, this floorplan is sure to impress. This two-story home offers 2,473 square feet of living space with 4 bedrooms, 3 bathrooms and an upstairs gameroom.

As you enter the home, you’ll find a bedroom and full bathroom with a tub. Making your way down the hall, you’ll enter the open-concept living area that flows into your kitchen and dining area. The kitchen features quartz countertops, large island, and stainless-steel appliances. Directly off the kitchen is the dining area with large windows that lets in natural light and offers picturesque views of your backyard and covered back patio.

Heading upstairs you’ll find yourself in the spacious gameroom with an extra storage closet and large utility room attached. Two more bedrooms are also upstairs off the backside of the game room. Both rooms feature walk-in closets and share a spacious bathroom with storage space. The main bedroom is also on the second story, and features an adjoined bathroom with a luxurious walk-in shower, and a separate toilet room. You’ll also be impressed by the expansive walk-in closet with a large window.

This home comes with our America's Smart Home package that offers devices such as the Qolsys IQ Panel, Video Doorbell, Alarm.com app, Honeywell Thermostat, Deako Smart Light Switch, Kwikset Smart lock, and more.

Images are representative of plan and may vary as built.

Contact us today and find your home at Prairie Lakes.

At $141/sqft, this home is 23% below the Buda active market average of $182/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

118 Gilmer Ln, Buda, TX 78610

Property Details

Price $348,565
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,473 sqft
Lot Size 0.12 acres (5,227.2 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Prairie Lakes
County Hays
Zip Code 78610
$/sqft $141/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT238975173
List Date July 7, 2026
Elementary School Camino Real
Middle School McCormick
High School Johnson High School
School District HaysCONSISD

HaysCONSISD

Camino Real · McCormick · Johnson High School

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

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · July 7, 2026 $355,490
Previous ask $345,565
Current ask $348,565
▼ Reduced $6,925 (-1.9%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Buda

Comparable Listings Right Now

Homes currently for sale in Buda 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
754 Williamson Rd #A
Ranchitos Of Niederwald
$349,000 $158 3 bd / 2 ba 2,208 sqft , 2026-10-13
151 Mustang Lake Cir
Prairie Lakes
$342,990 $152 4 bd / 3 ba 2,257 sqft , 2026-09-11
212 Gilmer Ln
Prairie Lakes
$339,990 $166 4 bd / 3 ba 2,042 sqft , 2026-06-01
552 Gilmer Ln
Prairie Lakes
$338,990 $137 4 bd / 3 ba 2,473 sqft , 2026-07-07
148 Gilmer Ln
Prairie Lakes
$337,990 $166 4 bd / 3 ba 2,042 sqft , 2026-07-21

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
$1,673/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
$69,713
20% conventional investment loan

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

Estimated Gross Rent+$1,673
Principal + Interest−$1,902
Property Tax (assumed ~2.1%)−$610
Insurance (assumed ~0.5%)−$145
Est. Monthly Cash Flow $-984

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 Buda, TX

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

Tesla Gigafactory 25 min N
Downtown Austin 30 min N
Hays County job center 10 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 · 41 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. The written content was last updated on November 3, 2026.

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

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