Active Listing  ·  85 days on market

191 Mustang Lake Cir

Buda, TX 78610
$309,990
4 Bed 2 Bath 1,778 sqft $174/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Prairie Lakes

The Gaven is one of our one-story floorplans in our Prairie Lakes community in Buda, TX. Inside this 4 bedroom, 2 bathroom home you'll find 1,780 square feet of comfortable living space.

Entering the home from the covered front patio, you'll notice two secondary bedrooms and full bathroom with a shower and bathtub. Making your way down the hall, you'll take attention to the gorgeous kitchen that boasts quartz countertops, and stainless steel appliances that opens up to the living space. The kitchen flows seamlessly into the roomy living area where plenty of memories are sure to be made. The private main bedroom is located towards the back of the home and includes a bathroom with a walk-in shower, a separate toilet room, and a walk-in 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 $174/sqft, this home is 4% 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

191 Mustang Lake Cir, Buda, TX 78610

Property Details

Price $309,990
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,778 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 $174/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243994363
List Date August 19, 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 · August 19, 2026 $333,990
Previous ask $318,990
Current ask $309,990
▼ Reduced $24,000 (-7.2%) 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
131 Mustang Lake Cir
Prairie Lakes
$309,990 $175 4 bd / 2 ba 1,771 sqft , 2026-07-21
1091 Phantom Hill Blvd
PRAIRIE LAKES
$300,990 $155 5 bd / 3 ba 1,938 sqft , 2026-07-07
232 Bardwell Way
Prairie Lakes
$293,990 $152 5 bd / 3 ba 1,938 sqft , 2026-08-19
917 Lake Sweetwater Ln
Prairie Lakes Ph 1 Sec 1
$290,000 $134 4 bd / 3 ba 2,162 sqft , 2026-08-14
251 Bardwell Way
Prairie Lakes
$288,000 $149 5 bd / 3 ba 1,938 sqft , 2026-06-03

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
$61,998
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (assumed ~2.1%)−$542
Insurance (assumed ~0.5%)−$129
Est. Monthly Cash Flow $-875

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 10, 2026.

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

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