About This Home

Experience luxury living withing walking distance to downtown Buda, in this stunning 1-story, open concept home featuring 3 bedrooms, 2 bathrooms, and a covered patio. Elegant 8-foor front and interior doors create a grand and airy feel throughout, while luxury plank flooring adds sophisticated style. the designer kitchen is beautifully appointed with stainless steel appliances, a 5-burner gas range, 42" cabinets, and a custom backsplash. Thoughtfully designed with premium finishes throughout, this exceptional home is a must see.

At $222/sqft, this home is priced 18% above the Buda active market average of $188/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

771 Clarissa St, Buda, TX 78610

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Property Details

Price $389,990

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,757 sqft

Lot Size 0.15 acres (6,534 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Colony at Cole Springs

County Hays

Zip Code 78610

$/sqft $222/sqft

Days on Market ,

HOA $180/Quarterly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT243176079

List Date August 12, 2026

Elementary School Elm Grove

Middle School Eric Dahlstrom

High School Johnson High School

School District ,

Have Questions About This Property?

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 · August 12, 2026 $399,990

Current ask $389,990

▼ Reduced $10,000 (-2.5%) 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

448 Burlington Dr
The Porch At Du Pre Sub $389,990 $194 3 bd / 3 ba 2,010 sqft , 2026-04-17

301 Bayou Bend Dr
Whispering Hollow $389,000 $180 4 bd / 3 ba 2,161 sqft , 2026-07-15

122 International St
The Porch At Du Pre Sub $387,990 $193 4 bd / 4 ba 2,010 sqft , 2026-04-17

208 N Cedar St
CHANDLER ADDN $385,000 $257 3 bd / 2 ba 1,500 sqft , 2026-06-26

378 Callahan Loop
Colony at Cole Springs $397,990 $215 3 bd / 2 ba 1,855 sqft , 2026-07-22

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

$1,872/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

$77,998

20% conventional investment loan

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

Estimated Gross Rent+$1,872

Principal + Interest−$2,128

Property Tax (~2.1% TX avg)−$682

Insurance (~0.5%)−$162

Est. Monthly Cash Flow $-1,100

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 →

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 September 22, 2026.

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

771 Clarissa St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Buda, TX

More Luxury Homes in Buda

771 Clarissa St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Buda, TX

More Luxury Homes in Buda

Explore Austin Real Estate