Active Listing  ·  44 days on market

315 Caracara Dr

Buda, TX 78610
$525,000
4 Bed 2 Bath 1,818 sqft $289/sqft Built 1981 0.69 acres 4-Car Garage Pool Leisurewoods Sec 2

Corner Lot - .68 acre with beautiful trees - 4 bedroom, 2 full bath with attached 2 car garage. One story ranchette in desirable area minutes to SH 45. The additional detached 2 car garage offers a flex space and a half bath. Great for work from home office, bedroom, workshop or bonus area! The rock fireplace is the focal point as you enter the spacious living room with a vaulted ceiling that has no sunken areas . Separate dining area with built-in china cabinet . Amazing kitchen counter space and ample original wood cabinets, wall oven, dishwasher and electric cooktop. Oversized primary bedroom and bath that features Single vanity with an extended counter and cabinets, two walk-in closets and a large shower. The neighborhood offers a pool and tennis courts. Hays CISD schools, Elm Grove, Dahlstrom MS and Johnson HS

At $289/sqft, this home is priced 53% above the Buda active market average of $189/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

315 Caracara Dr, Buda, TX 78610

Property Details

Price $525,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,818 sqft
Lot Size 0.69 acres (29,938.79 sqft)
Year Built 1981
Garage 4 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Leisurewoods Sec 2
County Hays
Zip Code 78610
$/sqft $289/sqft
Days on Market ,
HOA $250/Annually
Annual Tax Est. $8,698.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243270710
List Date August 25, 2026
Elementary School Elm Grove
Middle School Eric Dahlstrom
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.

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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
202 Treetop Way
Coves Of Cimarron
$535,000 $260 4 bd / 2 ba 2,055 sqft , 2026-08-21
118 Phalarope Dr
Leisurewoods Sec 1
$559,000 $305 3 bd / 2 ba 1,834 sqft , 2026-09-30
314 Turnstone Dr
Leisurewoods Sec 4
$485,000 $234 3 bd / 2 ba 2,074 sqft , 2026-06-12
100 Grove Ln
Shady Grove Sub Sec 1
$599,000 $294 3 bd / 2 ba 2,038 sqft , 2026-08-19
12715 Crystal Creek Dr
Cimarron Park 02
$445,000 $239 5 bd / 3 ba 1,862 sqft , 2026-07-26

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
$2,520/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
$105,000
20% conventional investment loan

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

Estimated Gross Rent+$2,520
Principal + Interest−$2,865
Property Tax (~2.1% TX avg)−$919
Insurance (~0.5%)−$219
Est. Monthly Cash Flow $-1,483

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 October 1, 2026.

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