Active Listing  ·  53 days on market

407 Water Way Ave

Hutto, TX 78634
$305,000
3 Bed 2 Bath 1,461 sqft $209/sqft Built 2020 0.11 acres 2-Car Garage Pool Cross Creek Phase 1

This meticulously maintained energy-efficient 3 bedroom, 2 bathroom home features a bright, open floor plan and a chef's kitchen that seamlessly connects the living, dining, and kitchen areas for effortless everyday living and entertaining. The kitchen island provides extra seating, prep space, and a focal point for guests that will comfortably seat four. An Upgraded primary Suite features a spacious bedroom layout and a custom-upgraded walk-in master closet with an added dresser and shelves designed for maximum storage and organization.

The property boasts beautifully manicured lawns and curated garden beds that enhance curb appeal. Enjoy resort-style relaxation and swimming just steps from your front door. Amenities will include a pavilion, playground, great lawn, swimming pool and splash pad.

This home was built to help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills. Best of all, it includes a home generator, ensuring you'll stay safe, powered, and comfortable during any stormy weather. Prewired for a security system. Move in Ready!

Call today to see this beautiful home

At $209/sqft, this home is priced 11% 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

407 Water Way Ave, Hutto, TX 78634

Property Details

Price $305,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,461 sqft
Lot Size 0.11 acres (4,961.48 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cross Creek Phase 1
County Williamson
Zip Code 78634
$/sqft $209/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $6,720.08
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238283618
List Date July 1, 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.

Schedule a Call →

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 · July 1, 2026 $311,000
Current ask $305,000
Reduced $6,000 (-1.9%) 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 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
1102 Mitchell Dr
Glenwood Ph 3a
$305,000 $160 4 bd / 2 ba 1,911 sqft , 2026-06-13
234 Canley Loop
Cotton Brook
$306,900 $209 3 bd / 2 ba 1,470 sqft , 2026-03-24
207 Kerley Dr
Ledgends Hutto Ph 04
$299,000 $200 3 bd / 2 ba 1,494 sqft , 2026-06-25
409 Willowbrook Dr
Creekside Estates Sec 3
$299,000 $176 3 bd / 2 ba 1,696 sqft , 2026-06-29
500 Mitchell Dr
Glenwood Ph 02B
$294,900 $226 3 bd / 2 ba 1,304 sqft , 2026-06-28

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
$1,464/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
$61,000
20% conventional investment loan

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

Estimated Gross Rent+$1,464
Principal + Interest−$1,665
Property Tax (~2.1% TX avg)−$534
Insurance (~0.5%)−$127
Est. Monthly Cash Flow $-862

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 August 9, 2026.

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