Active Listing  ·  115 days on market

132 Mansfield Lake Trl

Kyle, TX 78640
$259,900
3 Bed 2 Bath 1,658 sqft $157/sqft Built 2004 0.15 acres 2-Car Garage Pool Southlake Ranch Ph Two

BACKS TO ALMOST 200 ACRES OF OPEN SPACE!! Charming and move-in ready, this beautifully updated single-story home in the heart of Kyle checks every box! Behind the home is a lush green space with a picturesque reservoir—no rear neighbors, providing pure privacy, plus a gate at the back fence for direct access to the water beyond. Out front, a large covered front porch sets the tone for the warm welcome inside, where the open floor plan flows effortlessly across gorgeous, durable luxury vinyl plank floors, while neutral accents and natural light keep the feel fresh and cohesive throughout. The fully renovated kitchen features a center island, walk-in pantry, updated stainless steel appliances, stone countertops, a stylish designer backsplash, and upgraded fixtures—plus beautiful water views right from your kitchen window. New carpet and fresh interior paint add to a modern aesthetic. The huge primary suite offers plenty of room for a sitting area or desk, complete with luxury vinyl plank floors, a large walk-in closet, and a double vanity in the en-suite bath. The oversized laundry room provides excellent storage, and a backyard shed adds even more utility. With low HOA dues and a prime location in one of the fastest-growing cities in Texas, you're just minutes from shopping, dining, and everyday conveniences—making for an easy commute to Austin, San Marcos, or San Antonio. This one truly has it all!

At $157/sqft, this home is 16% 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

132 Mansfield Lake Trl, Kyle, TX 78640

Property Details

Price $259,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,658 sqft
Lot Size 0.15 acres (6,621.12 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Southlake Ranch Ph Two
County Hays
Zip Code 78640
$/sqft $157/sqft
Days on Market ,
HOA $91/Semi-Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228151578
List Date May 1, 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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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 · May 1, 2026 $275,000
Previous ask $265,000
Current ask $259,900
Reduced $15,100 (-5.5%) 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 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
164 Regent Cv
Kensington Trails Sec 4B
$259,000 $147 4 bd / 3 ba 1,764 sqft , 2026-04-10
257 Lake Washington Dr
Southlake Ranch Ph One
$255,000 $145 4 bd / 2 ba 1,761 sqft , 2026-06-18
458 Nottingham Loop
Kensington Trails Sec 3b
$255,000 $162 3 bd / 3 ba 1,571 sqft , 2026-07-06
3073 Winding Creek Rd
Casetta Ranch
$253,780 $213 3 bd / 2 ba 1,191 sqft , 2025-02-19
3043 Winding Creek Rd
Casetta Ranch
$269,545 $203 3 bd / 2 ba 1,326 sqft , 2025-09-04

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
$1,248/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
$51,980
20% conventional investment loan

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

Estimated Gross Rent+$1,248
Principal + Interest−$1,418
Property Tax (~2.1% TX avg)−$455
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-733

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 6, 2026.

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