Active Listing  ·  2 days on market

121 Ketch Way

Kyle, TX 78640
$209,499
4 Bed 2 Bath 1,500 sqft $140/sqft Built 2026 0.10 acres Pool Waterstone

The Timms - This new single-level home features a modern and low-maintenance design. Three bedrooms can be found off the foyer, leading to an open-concept floorplan that combines the kitchen, living and dining areas. The luxe owner’s suite is tucked into a private rear corner, complete with an en-suite bathroom and walk-in closet. Photos are for illustrative purposes only. Estimated Completion February 2027. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $140/sqft, this home is 23% 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

121 Ketch Way, Kyle, TX 78640

Property Details

Price $209,499
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,500 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2026
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Waterstone
County Hays
Zip Code 78640
$/sqft $140/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250487684
List Date October 21, 2026
Elementary School Hemphill
Middle School Laura B Wallace
High School Jack C Hays
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.

Schedule a Call →

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
742 Alamito Ave
Waterstone
$206,999 $138 4 bd / 2 ba 1,500 sqft , 2026-09-18
710 Alamito Ave
Waterstone
$203,999 $136 4 bd / 2 ba 1,500 sqft , 2026-09-01
750 Alamito Ave
Waterstone
$203,999 $148 3 bd / 2 ba 1,380 sqft , 2026-09-28
726 Alamito Ave
Waterstone
$202,999 $135 4 bd / 2 ba 1,500 sqft , 2026-09-01
161 Ketch Way
Waterstone
$202,999 $147 3 bd / 2 ba 1,380 sqft , 2026-09-29

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
$1,006/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
$41,900
20% conventional investment loan

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

Estimated Gross Rent+$1,006
Principal + Interest−$1,143
Property Tax (~2.1% TX avg)−$367
Insurance (~0.5%)−$87
Est. Monthly Cash Flow $-591

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

More Luxury Homes in Kyle

Loading…
View All Luxury Homes →
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 October 22, 2026.

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