Active Listing  ·  66 days on market

722 Palo Brea Loop

Hutto, TX 78634
$485,000
5 Bed 3 Bath 2,877 sqft $169/sqft Built 2025 0.14 acres 3-Car Garage Pool Covered Bridge Ph 2

Priced to sell in Hutto's desirable Covered Bridge community. Recently reduced $30,000 from original list price! This thoughtfully designed Ashton Woods Wyatt floor plan offers 5 bedrooms, 3 full baths, 2,877 square feet, and a rare 3-car garage, providing plenty of space for work, play, and entertaining. Private, and East Facing, this incredible home sits on a NE Corner Lot with only one neighbor to the left and green space behind it. The open-concept layout features a spacious family room that flows seamlessly into the kitchen, complete with 42" cabinetry, beautiful quartz countertops, and luxury vinyl plank flooring throughout the main living areas. A first-floor guest bedroom and full bath provide flexibility for visitors & multigenerational living. Additional downstairs office could double as Bed # 6 or additional media or hobby room. Upstairs, the private owner's retreat offers a large walk-in closet, soaking tub, and separate walk-in shower.

Location is where this home truly shines. With immediate access to Toll 130, commuting to major employers such as Amazon, Dell, Samsung, Tesla, and other Central Texas tech hubs is quick and convenient. Everyday shopping, dining, and entertainment are just minutes away at Stone Hill Town Center and La Frontera Village. Looking for a night out? The Domain and Q2 Stadium are only about 25 minutes away, offering premier shopping, dining, concerts, and home matches for Austin FC.

Step outside to enjoy the covered patio and peaceful views from the corner lot, including nearby pond views that add to the home's appeal.

Covered Bridge is a natural gas community with easy access to parks, recreation, and everything the rapidly growing Hutto area has to offer. Don't miss your opportunity to own a spacious, move-in-ready home in one of the area's most convenient locations.

At $169/sqft, this home is 10% 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

722 Palo Brea Loop, Hutto, TX 78634

Property Details

Price $485,000
Status Active Listing
Beds 5
Full Baths 3
Half Baths ,
Living Area 2,877 sqft
Lot Size 0.14 acres (6,290.06 sqft)
Year Built 2025
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Covered Bridge Ph 2
County Williamson
Zip Code 78634
$/sqft $169/sqft
Days on Market ,
HOA $50/Monthly
Annual Tax Est. $9,961.03
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236732688
List Date June 18, 2026
Elementary School Howard Norman
Middle School Gus Almquist
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 · June 18, 2026 $524,900
Previous ask $495,000
Current ask $485,000
Reduced $39,900 (-7.6%) 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
507 Palo Brea Loop
Covered Bridge
$485,000 $158 5 bd / 4 ba 3,071 sqft , 2026-08-15
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
276 FINSTOWN St
Star Ranch Ph 7 Sec 7
$475,000 $163 4 bd / 3 ba 2,923 sqft , 2026-02-05
307 Marjorie Dr
Covered Bridge
$435,000 $190 4 bd / 3 ba 2,295 sqft , 2026-04-16

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

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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 22, 2026.

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