Active Listing  ·  184 days on market

12212 Mustang Dr

Buda, TX 78610
$320,000
3 Bed 2 Bath 1,381 sqft $232/sqft Built 1987 0.49 acres 2-Car Garage Pool Mustang Ridge Estates Sec 01

12212 Mustang Dr. offers the perfect blend of updated comfort, country living, and convenience in the heart of Mustang Ridge. Situated on just under a half-acre, this beautifully maintained single-story home features 3 bedrooms and 2 full bathrooms with plenty of space both inside and out.

Step inside to find a clean, move-in-ready home with tasteful updates throughout, including upgraded vinyl windows, tile flooring, granite countertops, durable Hardie plank siding. Major improvements include a 2021 roof and water softener, a new HVAC in 2022, and a new water heater in 2024, giving buyers added peace of mind.

Outside, the fully fenced backyard offers endless possibilities with room for pets, RV parking, a workshop, or additional storage. With nearly half an acre and no HOA restrictions, you have the flexibility to truly make the property your own.

Enjoy the quiet feel of country living while staying conveniently connected to Austin and the surrounding areas. Located just 30 minutes from Downtown Austin and approximately 22 minutes from Austin-Bergstrom International Airport. The property also offers quick and easy freeway access for commuters, and is only 10 minutes away from retail stores and restaurants.

If you’ve been searching for an updated home with land, flexibility, and a convenient location, this Mustang Ridge property is a must-see!

At $232/sqft, this home is priced 27% above the Buda active market average of $182/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

12212 Mustang Dr, Buda, TX 78610

Property Details

Price $320,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,381 sqft
Lot Size 0.49 acres (21,505.57 sqft)
Year Built 1987
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mustang Ridge Estates Sec 01
County Travis
Zip Code 78610
$/sqft $232/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,133.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229360794
List Date May 12, 2026
Elementary School Creedmor
Middle School Ojeda
High School Del Valle
School District Del Valle ISD

Del Valle ISD

Creedmor · Ojeda · Del Valle

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.

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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
10611 Trifecta Way
Stallion Run
$312,780 $197 4 bd / 2 ba 1,587 sqft , 2026-08-06
12221 Mustang Dr
Mustang Ridge Estates Sec 01
$309,900 $184 3 bd / 2 ba 1,680 sqft , 2026-10-29
8507 Faded Denim Dr
Frontier
$301,140 $166 3 bd / 3 ba 1,813 sqft , 2026-11-11
8517 Faded Denim Dr
Frontier
$298,140 $164 3 bd / 3 ba 1,813 sqft , 2026-08-27
12006 Curlin Cv
Stallion Run
$284,000 $177 4 bd / 2 ba 1,606 sqft , 2026-08-24

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (assumed ~2.1%)−$560
Insurance (assumed ~0.5%)−$133
Est. Monthly Cash Flow $-903

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 July 9, 2026.

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

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