About This Home

MLS# 4865645 - Built by Trophy Signature Homes - Ready Now! ~ The Diamond is a flawless floor plan balancing communal and private living areas. The great room is central where dazzling sunlight illuminates your weekly Super Smash Bros tournament. Popcorn popped on the gleaming kitchen island refuels players between games. You will treasure time spent in the alluring primary suite while curl up with books in their large bedrooms. Serve dinner al fresco on the large, covered patio when it’s time to bring everyone together again.

At $195/sqft, this home is priced 4% 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

118 Melrose St, Hutto, TX 78634

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Property Details

Price $358,990

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,840 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 $195/sqft

Days on Market ,

HOA $55/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT236823715

List Date June 18, 2026

Elementary School Hutto

Middle School Hutto

High School Hutto

School District ,

Have Questions About This Property?

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

135 Holmby Dr
Prairie Winds $358,990 $154 4 bd / 3 ba 2,334 sqft , 2026-06-09

117 Malibu None
Prairie Winds $356,965 $213 3 bd / 2 ba 1,678 sqft , 2026-05-15

206 Santo Spirit Rd
Highlands North $356,900 $187 4 bd / 2 ba 1,907 sqft , 2026-07-09

204 Melrose St
Prairie Winds $355,990 $193 3 bd / 2 ba 1,840 sqft , 2026-06-18

801 Universal Dr
Prairie Winds $362,990 $215 4 bd / 2 ba 1,688 sqft , 2026-08-03

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

$1,723/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

$71,798

20% conventional investment loan

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

Estimated Gross Rent+$1,723

Principal + Interest−$1,959

Property Tax (~2.1% TX avg)−$628

Insurance (~0.5%)−$150

Est. Monthly Cash Flow $-1,014

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

About the Author

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 12, 2026.

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

118 Melrose St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Hutto, TX

More Luxury Homes in Hutto

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