Active Listing  ·  62 days on market

151 Mustang Lake Cir

Buda, TX 78610
$342,990
4 Bed 3 Bath 2,257 sqft $152/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Prairie Lakes

Take a look at the Mitchell floorplan at our Prairie Lakes community in Buda, TX. This two-story home offers plenty of room to grow with 4 bedrooms, 3 bathrooms, and a gameroom across 2,257 square feet.

The kitchen features a gas stove, top of the line stainless steel appliances, and an island. The kitchen flows seamlessly into the living area with large windows that overlook your scenic backyard.

The main bedroom is located off the living room on the first floor and features an adjoined bathroom with a walk-in shower, and a separate toilet room. A secondary bedroom and full bathroom with a shower and bathtub are also located on the first floor near the front of the home.

Making your way upstairs, you'll discover the spacious gameroom. Whether you make it a media room, play room, home gym, or office, the possibilities are endless. You'll also find two additional bedrooms upstairs and a third bathroom. The entire upstairs is carpeted and each bedroom includes a closet.

This home comes included with a professionally designed landscape package and a full irrigation system as well as our America's Smart Home package that offers devices such as the Qolsys IQ Panel, Video Doorbell, Alarm.com app, Honeywell Thermostat, a 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 $152/sqft, this home is 16% 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

151 Mustang Lake Cir, Buda, TX 78610

Property Details

Price $342,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,257 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 $152/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246494886
List Date September 11, 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.

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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 · September 11, 2026 $372,990
Previous ask $357,990
Current ask $342,990
▼ Reduced $30,000 (-8.0%) 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
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
118 Gilmer Ln
Prairie Lakes
$348,565 $141 4 bd / 3 ba 2,473 sqft , 2026-07-07
754 Williamson Rd #A
Ranchitos Of Niederwald
$349,000 $158 3 bd / 2 ba 2,208 sqft , 2026-10-13

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
$1,646/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
$68,598
20% conventional investment loan

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

Estimated Gross Rent+$1,646
Principal + Interest−$1,872
Property Tax (assumed ~2.1%)−$600
Insurance (assumed ~0.5%)−$143
Est. Monthly Cash Flow $-969

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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