Active Listing  ·  55 days on market

123 Leland Ave

Buda, TX 78610
$535,990
5 Bed 3 Bath 3,017 sqft $178/sqft Built 2026 0.16 acres 2-Car Garage Pool Colony at Cole Springs

Brand new, energy-efficient home available by Sep 2026! Skip the theater and enjoy movie night at home from the comfort of the game room in the Kessler floorplan. Gray cabinets with marble-look white quartz countertops, warm beige EVP flooring, and multi-tone taupe carpet in our Radiant package. Now Selling! Colony at Cole Springs by Meritage Homes offers new homes in Buda, TX, where small-town charm meets modern living. Rooted in rich history, this community features trails, pickleball, and a pool, plus easy access to parks, shops, and events in downtown Buda. With top-rated Hays CISD schools and proximity to Austin and major employers, it’s a perfect place to breathe easy. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $178/sqft, this home is 6% below the Buda active market average of $190/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

123 Leland Ave, Buda, TX 78610

Property Details

Price $535,990
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 3,017 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Colony at Cole Springs
County Hays
Zip Code 78610
$/sqft $178/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232790717
List Date June 10, 2026
Elementary School Buda
Middle School Eric Dahlstrom
High School Jack C Hays
School District ,

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 →

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
167 Antioch Colony Dr
Colony at Cole Springs
$537,990 $174 5 bd / 3 ba 3,096 sqft , 2026-05-19
325 San Saba Dr
Persimmon
$539,999 $215 4 bd / 4 ba 2,512 sqft , 2026-04-16
349 Razzmatazz Trl
Sunfield Ph One Sec One
$529,900 $216 5 bd / 3 ba 2,448 sqft , 2026-07-01
169 Summer Night Cv
Summer Pointe Sec One
$525,000 $159 5 bd / 3 ba 3,312 sqft , 2026-06-10
822 Kapok St
Sunfield
$548,078 $165 6 bd / 4 ba 3,313 sqft , 2026-07-20

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
$2,573/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
$107,198
20% conventional investment loan

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

Estimated Gross Rent+$2,573
Principal + Interest−$2,925
Property Tax (~2.1% TX avg)−$938
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,513

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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