Active Listing  ·  32 days on market

148 Pearl Lake Dr

Kyle, TX 78640
$235,000
3 Bed 2 Bath 1,273 sqft $185/sqft Built 2006 0.17 acres 1-Car Garage Pool Southlake Ranch Ph Three

Move-In Ready with Major Updates & Exceptional Outdoor Living! Welcome to 148 Pearl Lake Drive, a beautifully maintained single-story home offering 3 bedrooms, 2 bathrooms, and a desirable corner lot with no rear neighbors for added privacy.

Designed for comfortable everyday living, the open-concept floor plan features a spacious primary suite with two generous closets and a private ensuite bath. The oversized eat-in kitchen is both stylish and functional, showcasing a 5-burner gas range, subway glass tile backsplash, and a French door refrigerator that conveys with the home. Ceiling fans throughout enhance comfort year-round.

Step outside through the sliding glass doors to a backyard retreat featuring thoughtfully designed native landscaping, a covered patio, and a great deck—perfect for entertaining, dining al fresco, or simply unwinding.

This home offers outstanding value with significant recent improvements and reduced future maintenance costs including:

- New roof

- Recently repaired foundation with transferable warranty

- Plumbing repairs completed following the foundation work

- HVAC system replaced approximately two years ago

Located in the highly desirable Southlake Ranch community, residents enjoy neighborhood amenities with an HOA fee of less than $20 per month. The location offers the perfect balance of peaceful suburban living and convenience—just 21 miles from Downtown Austin, 12 miles from Texas State University and less than 2 miles from Lake Kyle's hike-and-bike trails and fishing, and close to shopping, dining, and everyday essentials.

At $185/sqft, this home is priced in line with the Kyle market average of $186/sqft across 591 active listings. View Austin market report →

Location

148 Pearl Lake Dr, Kyle, TX 78640

Property Details

Price $235,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,273 sqft
Lot Size 0.17 acres (7,265.81 sqft)
Year Built 2006
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Southlake Ranch Ph Three
County Hays
Zip Code 78640
$/sqft $185/sqft
Days on Market ,
HOA $91/Semi-Annually
Annual Tax Est. $5,224.86
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239995173
List Date July 23, 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.

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
300 Hortus Dr
Casetta Ranch Sec 3
$235,000 $195 3 bd / 2 ba 1,203 sqft , 2026-07-28
150 Elmer Cv
Steeplechase Sub Ph Iii Sec 5
$233,900 $153 3 bd / 2 ba 1,524 sqft , 2026-03-23
130 Riley Cv
Steeplechase Sub Ph Iii Sec 4
$244,500 $198 3 bd / 2 ba 1,235 sqft , 2026-08-21
2963 Winding Creek Rd
Casetta Ranch
$244,990 $206 3 bd / 2 ba 1,191 sqft , 2025-07-09
3051 Winding Creek Rd
Casetta Ranch
$244,990 $206 3 bd / 2 ba 1,191 sqft , 2025-02-26

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
$1,128/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
$47,000
20% conventional investment loan

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

Estimated Gross Rent+$1,128
Principal + Interest−$1,282
Property Tax (~2.1% TX avg)−$411
Insurance (~0.5%)−$98
Est. Monthly Cash Flow $-663

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

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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 4, 2026.

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