Active Listing  ·  66 days on market

206 Melrose St

Hutto, TX 78634
$348,990
3 Bed 2 Bath 1,716 sqft $203/sqft Built 2026 0.12 acres 2-Car Garage Pool New Construction Prairie Winds

MLS# - Built by Trophy Signature Homes - Jul 2026 completion! ~ The Turquoise is a divine single-story floor plan offering the flexibility you need to unlock your creative energy. Unleash your inner interior decorator in the great room. Tie the family room, dining area and kitchen together with your favorite art and knick knacks. The Turquoise has two bedrooms where homeowners can decorate to please themselves. Then again, if you have been talking about canceling your gym membership and setting up the ultimate workout room, this plan is the one for you.

At $203/sqft, this home is priced 8% above the Hutto active market average of $188/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

206 Melrose St, Hutto, TX 78634

Property Details

Price $348,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,716 sqft
Lot Size 0.12 acres (5,401.44 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Prairie Winds
County Williamson
Zip Code 78634
$/sqft $203/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT236792228
List Date June 18, 2026
Elementary School Hutto
Middle School Hutto
High School Hutto
School District ,

Luke Allen (TREC #788149) has deep knowledge of Hutto and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Hutto

Comparable Listings Right Now

Homes currently for sale in Hutto 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
114 Malibu None
Prairie Winds
$348,965 $208 3 bd / 2 ba 1,678 sqft , 2026-06-18
113 Malibu None
Prairie Winds
$349,990 $193 4 bd / 2 ba 1,816 sqft , 2026-05-12
106 Pico St
Prairie Winds
$349,990 $207 4 bd / 2 ba 1,688 sqft , 2026-06-24
111 Malibu None
Prairie Winds
$345,990 $201 3 bd / 2 ba 1,722 sqft , 2026-05-26
105 Malibu None
Prairie Winds
$345,990 $201 3 bd / 2 ba 1,722 sqft , 2026-05-26

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
$1,675/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
$69,798
20% conventional investment loan

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

Estimated Gross Rent+$1,675
Principal + Interest−$1,905
Property Tax (~2.1% TX avg)−$611
Insurance (~0.5%)−$145
Est. Monthly Cash Flow $-986

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 Hutto, TX

Hutto sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 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 July 27, 2026.

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