Active Listing  ·  14 days on market

12221 Mustang Dr

Buda, TX 78610
$309,900
3 Bed 2 Bath 1,680 sqft $184/sqft Built 1986 0.48 acres Pool Mustang Ridge Estates Sec 01

Beautifully Updated Home in Mustang Ridge – Buda, TX!

Welcome to 12221 Mustang Dr in the Mustang Ridge subdivision of Buda, Texas! This beautifully updated home offers modern touches, comfortable living, and versatile spaces to fit your lifestyle. Enjoy updated flooring throughout and a stylish walk-in shower that adds a fresh, contemporary feel. One of the standout features is the massive flex room, offering endless possibilities for a home office, home gym, game room, hobby space, or additional living area.

Outside, enjoy a spacious yard with mature trees, a fenced perimeter, and an extended driveway offering plenty of room for parking. With its updated interior, flexible living space, and generous outdoor area, this property offers a great opportunity to enjoy comfortable living in the Buda area.

At $184/sqft, this home is priced in line with the Buda market average of $182/sqft across 434 active listings. View Austin market report →

Location

12221 Mustang Dr, Buda, TX 78610

Property Details

Price $309,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,680 sqft
Lot Size 0.48 acres (20,978.5 sqft)
Year Built 1986
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Mustang Ridge Estates Sec 01
County Travis
Zip Code 78610
$/sqft $184/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,682.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251138505
List Date October 29, 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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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 · October 29, 2026 $329,900
Current ask $309,900
▼ Reduced $20,000 (-6.1%) 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
10611 Trifecta Way
Stallion Run
$312,780 $197 4 bd / 2 ba 1,587 sqft , 2026-08-06
8509 Faded Denim Dr
Frontier
$316,290 $150 4 bd / 3 ba 2,110 sqft , 2026-09-10
8507 Faded Denim Dr
Frontier
$301,140 $166 3 bd / 3 ba 1,813 sqft , 2026-11-11
12212 Mustang Dr
Mustang Ridge Estates Sec 01
$320,000 $232 3 bd / 2 ba 1,381 sqft , 2026-05-12
8517 Faded Denim Dr
Frontier
$298,140 $164 3 bd / 3 ba 1,813 sqft , 2026-08-27

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
$1,488/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
$61,980
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,691
Property Tax (assumed ~2.1%)−$542
Insurance (assumed ~0.5%)−$129
Est. Monthly Cash Flow $-874

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 4, 2026.

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

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