Active Listing  ·  56 days on market

151 Henke Cv

Kyle, TX 78640
$229,900
3 Bed 2 Bath 1,343 sqft $171/sqft Built 2000 0.17 acres 2-Car Garage Pool Steeplechase Sub Ph Iii Sec 4

Welcome to 151 Henke Cove, a charming single-story home located in the established Steeplechase community in Kyle. Offering 3 bedrooms, 2 full bathrooms, and 1,343 square feet, this home features a functional open floor plan with tile and wood-look laminate flooring throughout—no carpet.

Vaulted ceilings throughout the main living areas and most bedrooms help create a spacious feel while allowing plenty of natural light into the home. The open living and dining areas provide a comfortable layout for everyday living and entertaining.

Step outside to a large covered patio overlooking a shaded backyard, offering plenty of space to relax, entertain, or enjoy the outdoors.

Steeplechase residents have access to neighborhood amenities including a playground, splash pad, disc golf course, soccer fields, and basketball court. The home is conveniently located within approximately 5–10 minutes of shopping, restaurants, and entertainment in Kyle, with easy access to I-35 and approximately 35 minutes from Downtown Austin and Austin-Bergstrom International Airport.

Home comes pre-inspected, giving buyers additional information about the property before making an offer.

At $171/sqft, this home is 6% 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

151 Henke Cv, Kyle, TX 78640

Property Details

Price $229,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,343 sqft
Lot Size 0.17 acres (7,200.47 sqft)
Year Built 2000
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Steeplechase Sub Ph Iii Sec 4
County Hays
Zip Code 78640
$/sqft $171/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,505.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242604829
List Date August 28, 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 →

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 · August 28, 2026 $249,900
Current ask $229,900
▼ Reduced $20,000 (-8.0%) 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
257 Lake Washington Dr
Southlake Ranch Ph One
$230,000 $131 4 bd / 2 ba 1,761 sqft , 2026-06-18
130 Riley Cv
Steeplechase Sub Ph Iii Sec 4
$229,690 $186 3 bd / 2 ba 1,235 sqft , 2026-08-21
427 Buckingham Dr
Kensington Trails Sec 4A
$225,000 $149 3 bd / 2 ba 1,509 sqft , 2026-07-16
271 Bluestem St
Prairie On The Creek Sec 1C
$225,000 $169 3 bd / 2 ba 1,334 sqft , 2026-10-13
148 Pearl Lake Dr
Southlake Ranch Ph Three
$222,000 $174 3 bd / 2 ba 1,273 sqft , 2026-07-23

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
$1,104/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
$45,980
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$402
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-649

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 September 28, 2026.

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