Active Listing  ·  30 days on market

709 Clarissa St

Buda, TX 78610
$309,990
5 Bed 2 Bath 1,535 sqft $202/sqft Built 2026 0.14 acres 2-Car Garage Pool Colony at Cole Springs

Brand new, energy-efficient home available by Oct 2026! Prepare dinner at the Clearwater’s kitchen island while chatting with family in the adjacent dining and great rooms. A corner pantry offers ample storage. The luxurious primary bath features a generous walk-in closet, dual sinks, and large shower. 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 $202/sqft, this home is priced 11% 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

709 Clarissa St, Buda, TX 78610

Property Details

Price $309,990
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 1,535 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Colony at Cole Springs
County Hays
Zip Code 78610
$/sqft $202/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248995530
List Date October 13, 2026
Elementary School Buda
Middle School Eric Dahlstrom
High School Jack C Hays
School District HaysCONSISD

HaysCONSISD

Buda · Eric Dahlstrom · Jack C Hays

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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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 · October 13, 2026 $361,990
Previous ask $329,990
Current ask $309,990
▼ Reduced $52,000 (-14.4%) 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
719 Clarissa St
Colony at Cole Springs
$314,990 $182 4 bd / 2 ba 1,735 sqft , 2026-07-17
712 Clarissa St
Colony at Cole Springs
$334,990 $184 4 bd / 2 ba 1,816 sqft , 2026-10-07
122 International St
The Porch At Du Pre Sub
$354,990 $177 4 bd / 4 ba 2,010 sqft , 2026-04-17
133 Antioch Colony Dr
Colony at Cole Springs
$394,990 $194 4 bd / 3 ba 2,038 sqft , 2026-05-07
161 Danbark Dr
White Oak Preserve
$395,999 $221 4 bd / 2 ba 1,794 sqft , 2026-08-03

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
$1,488/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
$61,998
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (assumed ~2.1%)−$542
Insurance (assumed ~0.5%)−$129
Est. Monthly Cash Flow $-875

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 4, 2026.

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

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