Active Listing  ·  6 days on market

366 Papaya Dr

Buda, TX 78610
$319,000
3 Bed 2 Bath 1,514 sqft $211/sqft Built 2023 0.14 acres 2-Car Garage Pool Sunfield Ph Five Sec One A

This modern, inviting 3-bedroom, 2 bath is a must see! Natural light is abundant throughout the home. The living, kitchen and dining area is a wonderful space for quiet family evenings as well as entertaining with family and friends! The primary suite is the perfect sanctuary to relax after a long day with a walk-in shower and space to move around. Enjoy living in Sunfield, offering two lazy rivers, scenic trails, playgrounds and pavilions. The home is conveniently located near restaurants, retail, and grocery stores, with an easy commute to Austin. You're going to want to see this one -- tell your agent!

At $211/sqft, this home is priced 16% above the Buda active market average of $182/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

366 Papaya Dr, Buda, TX 78610

Property Details

Price $319,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,514 sqft
Lot Size 0.14 acres (6,141.96 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sunfield Ph Five Sec One A
County Hays
Zip Code 78610
$/sqft $211/sqft
Days on Market ,
HOA $235/Quarterly
Annual Tax Est. $7,601
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251857853
List Date November 6, 2026
Elementary School Sunfield
Middle School McCormick
High School Johnson High School
School District HaysCONSISD

HaysCONSISD

Sunfield · 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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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
158 Jake Pine Dr
Sunfield
$318,050 $170 3 bd / 3 ba 1,876 sqft , 2026-08-25
426 Eves Necklace Dr
Sunfield Ph Two Sec Twelve
$320,000 $173 3 bd / 3 ba 1,846 sqft , 2026-06-05
728 Rubber Tree Way
Sunfield
$324,146 $205 3 bd / 2 ba 1,581 sqft , 2026-07-21
590 Rubber Tree Way
Sunfield
$324,990 $195 3 bd / 3 ba 1,668 sqft , 2026-05-19
140 Lemonball Dr
Sunfield Ph Four Sec One A
$325,000 $165 3 bd / 3 ba 1,973 sqft , 2026-10-20

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
$1,531/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
$63,800
20% conventional investment loan

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

Estimated Gross Rent+$1,531
Principal + Interest−$1,741
Property Tax (assumed ~2.1%)−$558
Insurance (assumed ~0.5%)−$133
Est. Monthly Cash Flow $-901

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 8, 2026.

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

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