Active Listing  ·  7 days on market

164 Leland Ave

Buda, TX 78610
$426,990
3 Bed 2 Bath 1,792 sqft $238/sqft Built 2026 0.16 acres 2-Car Garage Pool Colony at Cole Springs

Brand new, energy-efficient home available by Sep 2026! Clear sight lines from the kitchen through the great room bring everyone together. Slate cabinets with marble-look white quartz countertops, cool brown laminate flooring, and multi-tone taupe carpet in our Finesse 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 $238/sqft, this home is priced 27% above the Buda active market average of $188/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

164 Leland Ave, Buda, TX 78610

Property Details

Price $426,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,792 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 $238/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246834551
List Date September 15, 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
133 Antioch Colony Dr
Colony at Cole Springs
$424,990 $209 4 bd / 3 ba 2,038 sqft , 2026-05-07
368 Callahan Loop
Colony at Cole Springs
$424,990 $209 4 bd / 3 ba 2,038 sqft , 2026-06-05
124 Leland Ave
Colony at Cole Springs
$424,990 $235 3 bd / 2 ba 1,811 sqft , 2026-08-12
275 Callahan Loop
Colony at Cole Springs
$419,990 $230 3 bd / 2 ba 1,825 sqft , 2026-04-23
159 Antioch Colony Dr
Colony at Cole Springs
$419,990 $234 3 bd / 2 ba 1,792 sqft , 2026-06-08

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
$2,050/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
$85,398
20% conventional investment loan

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

Estimated Gross Rent+$2,050
Principal + Interest−$2,330
Property Tax (~2.1% TX avg)−$747
Insurance (~0.5%)−$178
Est. Monthly Cash Flow $-1,205

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 · 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 September 16, 2026.

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