Active Listing  ·  108 days on market

173 Frostweed Dr

Kyle, TX 78640
$305,000
4 Bed 2 Bath 1,796 sqft $170/sqft Built 2022 0.14 acres 2-Car Garage Pool SOUTHGROVE

HUGE price drop!! This beautiful home qualifies for a ZERO-down USDA loan! The house is 100% move-in ready! Meticulously maintained, this single-story 1,797 sq ft home features 4 spacious bedrooms, 2 full baths, and a smart, functional layout. Built in 2021, it is ideally located on a wide, spacious street with no ongoing construction nearby.

The front bedroom makes a great home office or guest room, with a full bath and second bedroom conveniently located nearby. A welcoming foyer leads into the open-concept kitchen, dining area and main living space. The light and bright kitchen features white shaker cabinets, granite countertops, stainless steel appliances, a walk-in pantry, and a large center island perfect for everyday living and entertaining.

Gathering is easy in the large dining area that flows into the cozy living room with three large windows. Stylish, low-maintenance wood-look vinyl flooring is continuous throughout the main living areas and bathrooms, with plush carpet in each bedroom. The private primary suite is tucked away from the secondary bedrooms offering a peaceful retreat. Enjoy big Texas sky views and beautiful sunsets from the covered back patio. The amenities in Southgrove are second to none with 2 resort style pools, community center and playscape. Smart home features and more make this home truly ready for its next owner!

At $170/sqft, this home is 9% 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

173 Frostweed Dr, Kyle, TX 78640

Property Details

Price $305,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,796 sqft
Lot Size 0.14 acres (5,880.6 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision SOUTHGROVE
County Hays
Zip Code 78640
$/sqft $170/sqft
Days on Market ,
HOA $40/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228904271
List Date May 8, 2026
Elementary School Camino Real
Middle School McCormick
High School Johnson High School
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
226 Coralbean Dr
SOUTHGROVE
$300,000 $127 4 bd / 3 ba 2,364 sqft , 2026-05-07
574 W Nautical Loop
Crosswinds Ph One
$300,000 $162 3 bd / 3 ba 1,848 sqft , 2026-06-15
124 Compass Ln
Crosswinds Ph One
$310,000 $188 3 bd / 2 ba 1,650 sqft , 2026-05-07
550 Nautical Loop
Crosswinds Ph One
$310,000 $228 3 bd / 2 ba 1,358 sqft , 2026-08-15
484 Spider Lily Dr
Southgrove
$297,500 $170 3 bd / 3 ba 1,753 sqft , 2026-06-11

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
$1,464/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
$61,000
20% conventional investment loan

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

Estimated Gross Rent+$1,464
Principal + Interest−$1,665
Property Tax (~2.1% TX avg)−$534
Insurance (~0.5%)−$127
Est. Monthly Cash Flow $-862

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 July 9, 2026.

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