Active Listing  ·  48 days on market

181 MUSTANG LAKE Cir

Buda, TX 78610
$356,197
4 Bed 3 Bath 2,257 sqft $158/sqft Built 2026 0.22 acres 2-Car Garage Pool New Construction Prairie Lakes

Move in ready!

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, Deako Smart Light Switch, Kwikset Smart lock, and more.

Images are representative of plan and may vary as built.

At $158/sqft, this home is 17% 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

181 MUSTANG LAKE Cir, Buda, TX 78610

Property Details

Price $356,197
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,257 sqft
Lot Size 0.22 acres (9,583.2 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Prairie Lakes
County Hays
Zip Code 78610
$/sqft $158/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236649073
List Date June 17, 2026
Elementary School Camino Real
Middle School McCormick
High School Johnson High School
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
135 Bayou Mint Blvd
Sunfield
$356,090 $182 4 bd / 3 ba 1,954 sqft , 2026-05-28
13314 Rindle Reach Dr
Turner's Crossing
$355,990 $207 4 bd / 2 ba 1,720 sqft , 2026-05-22
200 Gilmer Ln
Prairie Lakes
$355,990 $144 4 bd / 3 ba 2,475 sqft , 2026-06-11
10608 Midnight Sun Dr
Stallion Run
$355,880 $146 5 bd / 3 ba 2,439 sqft , 2026-07-09
10609 Trifecta Way
Stallion Run
$355,880 $146 5 bd / 3 ba 2,439 sqft , 2026-07-16

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
$1,710/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
$71,239
20% conventional investment loan

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

Estimated Gross Rent+$1,710
Principal + Interest−$1,944
Property Tax (~2.1% TX avg)−$623
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,005

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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