Active Listing  ·  29 days on market

123 Primrose Dr

Kyle, TX 78640
$464,000
3 Bed 2 Bath 2,318 sqft $200/sqft Built 1992 0.49 acres 2-Car Garage Pool Meadow Woods Sec 1

Welcome to 123 Primrose Drive in the highly desirable Meadow Woods Subdivision, known for its LOW PROPERTY TAX RATE! Situated on a spacious 1/2-acre corner lot, this beautifully remodeled 2,318 sq. ft. home offers 3 bedrooms, 2 bathrooms, and the perfect blend of comfort, charm, and functionality.

Step inside to discover a bright, inviting interior featuring updated finishes, a beautifully remodeled kitchen, and generous living spaces designed for everyday living and entertaining. One of the property's standout features is the bonus room attached to the garage with its own separate entrance, offering endless possibilities as a home office, hobby business, creative studio, or the ultimate he/she cave!

Step outside and discover a gardener's paradise! The expansive backyard features established fruit trees, raised garden beds, mature shade trees, and plenty of room to relax, entertain, or simply enjoy the outdoors.

With its extensive updates, versatile bonus space, LOW PROPERTY TAX RATE, and hard-to-find half-acre corner lot, this Meadow Woods gem offers a unique opportunity to enjoy country-style space with the convenience of Kyle living. Come see what makes this property so special!

At $200/sqft, this home is priced 10% above the Kyle active market average of $181/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

123 Primrose Dr, Kyle, TX 78640

Property Details

Price $464,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,318 sqft
Lot Size 0.49 acres (21,222.43 sqft)
Year Built 1992
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meadow Woods Sec 1
County Hays
Zip Code 78640
$/sqft $200/sqft
Days on Market ,
HOA $300/Annually
Annual Tax Est. $7,776.28
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247256776
List Date October 14, 2026
Elementary School Laura B Negley
Middle School R C Barton
High School Jack C Hays
School District HaysCONSISD

HaysCONSISD

Laura B Negley · R C Barton · 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.

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
310 Treadwell Ln
Sage Hollow
$449,999 $212 4 bd / 3 ba 2,123 sqft , 2026-10-15
270 Smithsonian Ln
Anthem Ph 3
$449,990 $189 4 bd / 3 ba 2,377 sqft , 2026-02-25
244 Basket Flower Loop
6 Creeks at Waterridge
$479,990 $192 4 bd / 3 ba 2,506 sqft , 2025-12-12
1077 Fairway None
Plum Creek Ph 1 Sec 4
$445,000 $150 4 bd / 3 ba 2,969 sqft , 2026-02-26
674 Treadwell Ln
Sage Hollow
$439,999 $165 3 bd / 3 ba 2,669 sqft , 2026-10-15

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
$2,227/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
$92,800
20% conventional investment loan

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

Estimated Gross Rent+$2,227
Principal + Interest−$2,532
Property Tax (assumed ~2.1%)−$812
Insurance (assumed ~0.5%)−$193
Est. Monthly Cash Flow $-1,310

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 · 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 October 24, 2026.

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

Save this home