About This Home

Spacious 5-bedroom, 4 FULL bath home in a convenient location with an open floor plan and flexible living spaces. The first floor features an open kitchen with a large island overlooking the dining area and family room, plus the owner’s suite, a secondary bedroom and full bath, and a study. Upstairs offers a spacious loft, game room, and three additional bedrooms. Ashton Woods designer-selected finishes include 42" kitchen cabinets and luxury vinyl plank flooring throughout the first floor. Natural gas community. Pre-plumbed for water softener. Pest tubes in walls. Sprinkler System.

At $158/sqft, this home is 16% below the Hutto active market average of $188/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

507 Palo Brea Loop, Hutto, TX 78634

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Property Details

Price $485,000

Status Active Listing

Beds 5

Full Baths 4

Half Baths ,

Living Area 3,071 sqft

Lot Size 0.13 acres (5,749.92 sqft)

Year Built 2024

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Covered Bridge

County Williamson

Zip Code 78634

$/sqft $158/sqft

Days on Market ,

HOA $480/Annually

Annual Tax Est. $9,967.29

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243392039

List Date August 15, 2026

Elementary School Howard Norman

Middle School Gus Almquist

High School Hutto

School District ,

Have Questions About This Property?

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

722 Palo Brea Loop
Covered Bridge Ph 2 $485,000 $169 5 bd / 3 ba 2,877 sqft , 2026-06-18

411 Palo Brea Loop
Covered Bridge Ph 1 $483,000 $157 5 bd / 4 ba 3,079 sqft , 2026-06-12

132 Greenock Cv
Star Ranch Ph 6 Sec 7 $479,000 $152 5 bd / 4 ba 3,151 sqft , 2026-08-17

105 W Highfield St
Star Ranch Sec 7 Ph 5 $475,000 $169 5 bd / 4 ba 2,817 sqft , 2026-01-25

3101 Fresh Spring Rd
Commons/Rowe Lane Ph Iv B $449,900 $153 5 bd / 4 ba 2,934 sqft , 2026-05-22

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

$2,328/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

$97,000

20% conventional investment loan

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

Estimated Gross Rent+$2,328

Principal + Interest−$2,647

Property Tax (~2.1% TX avg)−$849

Insurance (~0.5%)−$202

Est. Monthly Cash Flow $-1,370

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

About the Author

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 16, 2026.

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

507 Palo Brea Loop

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Hutto, TX

More Luxury Homes in Hutto

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