Active Listing  ·  89 days on market

118 Rio Grande Dr

Kyle, TX 78640
$329,900
4 Bed 3 Bath 3,190 sqft $103/sqft Built 2003 0.22 acres 2-Car Garage Pool Silverado At Plum Creek Sec 2B

Need more room without stretching your budget? At $329,900, this Silverado at Plum Creek home in Kyle offers four bedrooms, 2.5 baths, a dedicated office, two dining areas, and an expansive upstairs bonus room—all situated on an oversized cul-de-sac lot! The spacious backyard offers room to imagine a pool, sport court, expanded patio, or even a personal retreat. And there's already a storage shed in place, providing extra room for tools, lawn equipment, and everything else you'd rather keep out of the garage.

The main living room features a fireplace and opens to the nearby kitchen and dining area, creating a comfortable space for everyday living and entertaining. A second dining area offers additional flexibility, whether used for formal meals, hobbies, or another gathering space.

Need a dedicated workspace? There's an office for that. A second living area for movie nights, gaming, or exercise? The oversized upstairs bonus room offers plenty of possibilities.

Storage is another standout feature, with two spacious primary closets, generous secondary-bedroom closets, under-the-stairs storage, and an attached two-car garage.

Outside, enjoy a covered patio overlooking the fenced backyard, with front and back sprinkler systems. Solar panels will be paid off at closing, so the buyer won't assume the seller's solar loan. An owned water softener adds another practical benefit.

Neighborhood amenities include a community pool, playground, common areas, and access to the Plum Creek golf course.

If you're comparing homes in this price range, take a closer look at how much flexibility this one offers. With dedicated spaces for working, gathering, and relaxing, 118 Rio Grande gives you options for the way you want to live.

At $103/sqft, this home is 43% below the Kyle active market average of $181/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

118 Rio Grande Dr, Kyle, TX 78640

Property Details

Price $329,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 3,190 sqft
Lot Size 0.22 acres (9,613.69 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Silverado At Plum Creek Sec 2B
County Hays
Zip Code 78640
$/sqft $103/sqft
Days on Market ,
HOA $75/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243204091
List Date August 15, 2026
Elementary School Kyle
Middle School Laura B Wallace
High School Jack C Hays
School District HaysCONSISD

HaysCONSISD

Kyle · Laura B Wallace · Jack C Hays

Luke Allen (TREC #788149) has deep knowledge of Kyle 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 Kyle

Comparable Listings Right Now

Homes currently for sale in Kyle 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
141 Hess Dr
Creekside Village Sec 3
$330,000 $125 4 bd / 3 ba 2,633 sqft , 2026-04-10
1337 Sweet Gum Dr
Hometown Kyle Ph 3 Sec 2
$334,800 $142 4 bd / 3 ba 2,352 sqft , 2026-08-14
480 Camelia Pkwy
Hometown Kyle Ph 3 Sec 2
$340,000 $143 5 bd / 3 ba 2,378 sqft , 2026-11-05
809 Hometown Pkwy
Hometown Kyle Sub Ph 2
$319,000 $143 4 bd / 3 ba 2,226 sqft , 2026-09-18
331 Romans Rd
Parkton Square
$314,990 $132 3 bd / 3 ba 2,389 sqft , 2026-04-27

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
$1,584/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
$65,980
20% conventional investment loan

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

Estimated Gross Rent+$1,584
Principal + Interest−$1,800
Property Tax (assumed ~2.1%)−$577
Insurance (assumed ~0.5%)−$137
Est. Monthly Cash Flow $-930

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 Kyle, TX

Kyle sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Hays County job center 5-10 min
Tesla Gigafactory 30 min N
Downtown Austin 35 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 9, 2026.

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

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