Active Listing  ·  55 days on market

687 Clarissa St

Buda, TX 78610
$349,990
5 Bed 2 Bath 1,535 sqft $228/sqft Built 2026 0.16 acres 2-Car Garage Pool Colony at Cole Springs

Brand new, energy-efficient home available by Sep 2026! Prepare dinner at the kitchen island while chatting with family in the adjacent dining and great rooms. Gray cabinets with ashen white granite countertops, cool beige EVP flooring, and warm grey carpet in our Clarity package. Now selling! Colony at Cole Springs by Meritage Homes offers new homes in Buda, TX, where small-town charm meets modern living. Rooted in rich history, this community features trails, pickleball, and a pool, plus easy access to parks, shops, and events in downtown Buda. With top-rated Hays CISD schools and proximity to Austin and major employers, it’s a perfect place to breathe easy. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $228/sqft, this home is priced 20% above the Buda active market average of $190/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

687 Clarissa St, Buda, TX 78610

Property Details

Price $349,990
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 1,535 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Colony at Cole Springs
County Hays
Zip Code 78610
$/sqft $228/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232783692
List Date June 10, 2026
Elementary School Buda
Middle School Eric Dahlstrom
High School Jack C Hays
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.

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 · June 10, 2026 $359,990
Current ask $349,990
Reduced $10,000 (-2.8%) 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 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
3603 Kent Chalk Rd
Turner's Crossing
$349,990 $177 4 bd / 3 ba 1,981 sqft , 2026-06-10
12308 Setting Peak Ln
Willow Springs
$349,990 $181 4 bd / 2 ba 1,938 sqft , 2026-06-18
10108 Majestic Hawk Way
Willow Springs
$347,990 $180 4 bd / 2 ba 1,938 sqft , 2026-06-18
3609 Kent Chalk Rd
Turner's Crossing
$344,990 $174 4 bd / 3 ba 1,981 sqft , 2026-05-22
3607 Kent Chalk Rd
Turner's Crossing
$354,990 $175 4 bd / 3 ba 2,029 sqft , 2026-06-08

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
$1,680/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
$69,998
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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