Active Listing  ·  8 days on market

1188 Grist Mill Rd

Kyle, TX 78640
$294,990
3 Bed 2 Bath 1,650 sqft $179/sqft Built 2026 0.11 acres 2-Car Garage Pool Infinity Square

Welcome to 1188 Grist Mill Rd, a thoughtfully designed 3-bedroom, 2-bath home offering 1,650 square feet of comfortable and functional living space. Situated on a 40-foot-wide homesite, this home features an alley-load garage and a low-maintenance yard, creating a welcoming exterior with added convenience. Inside, the flexible tech space provides the perfect opportunity for a home office, homework station, or additional workspace to suit your needs. The well-appointed primary bathroom features a recessed ceramic tile shower pan for a stylish, upgraded finish. Additional highlights include full gutters, a gas drop at the rear patio for convenient outdoor grilling, a pre-plumbed water softener loop, and an energy-efficient tankless water heater. With a smart, functional floor plan and thoughtful modern features throughout, this home offers an ideal blend of comfort, convenience, and low-maintenance living.

At $179/sqft, this home is 4% below the Kyle active market average of $186/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1188 Grist Mill Rd, Kyle, TX 78640

Property Details

Price $294,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,650 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Infinity Square
County Hays
Zip Code 78640
$/sqft $179/sqft
Days on Market ,
HOA $187/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243656435
List Date August 16, 2026
Elementary School Susie Fuentes
Middle School Armando Chapa
High School Lehman
School District ,

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
361 Wren Ln
Bunton Creek Reserve Ph 3
$295,000 $145 3 bd / 3 ba 2,041 sqft , 2026-03-13
2671 Winding Creek Rd
Casetta Ranch
$294,170 $190 3 bd / 2 ba 1,551 sqft , 2024-11-26
460 Waterleaf Blvd
Waterleaf Ph A Sec 1
$298,000 $175 3 bd / 2 ba 1,700 sqft , 2026-06-04
1181 Violet Ln
Bunton Creek Ph 6B
$290,000 $136 4 bd / 2 ba 2,134 sqft , 2025-07-04
175 Gustaf Trl
Grist Mill Highlands Sec 1
$290,000 $152 3 bd / 3 ba 1,908 sqft , 2026-06-22

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
$1,416/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
$58,998
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (~2.1% TX avg)−$516
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-833

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 · 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 17, 2026.

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