Active Listing  ·  96 days on market

188 Lexword Ln

Kyle, TX 78640
$287,000
3 Bed 3 Bath 1,689 sqft $170/sqft Built 2006 0.14 acres 2-Car Garage Pool The Park At Steeplechase

Welcome to this beautifully maintained home tucked away on a quiet cul-de-sac in Kyle! This move-in-ready property features thoughtful modern upgrades, an inviting open layout, and a spacious backyard perfect for relaxing or entertaining. Enjoy the peace of a low-traffic street while being seconds away from I-35, shopping, dining, and everyday conveniences. An ideal combination of comfort, location, and easy access to Austin and San Marcos!

From I-35 N, take Exit 213 toward Kyle. Continue on the frontage road and turn right onto Brent Blvd. Turn left onto Lexword. Home is at the end of the cul-de-sac on the right.

At $170/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

188 Lexword Ln, Kyle, TX 78640

Property Details

Price $287,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,689 sqft
Lot Size 0.14 acres (6,163.74 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Park At Steeplechase
County Hays
Zip Code 78640
$/sqft $170/sqft
Days on Market ,
HOA $80/Quarterly
Annual Tax Est. $7,098.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242639428
List Date August 8, 2026
Elementary School Kyle
Middle School R C Barton
High School Lehman
School District HaysCONSISD

HaysCONSISD

Kyle · R C Barton · Lehman

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 · August 8, 2026 $295,000
Previous ask $292,500
Current ask $287,000
▼ Reduced $8,000 (-2.7%) 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
321 Zebra Dr
North Trails Sub
$290,000 $184 3 bd / 3 ba 1,577 sqft , 2026-10-22
168 Keegans Way
Spring Branch Ii Sec Four
$279,900 $153 3 bd / 2 ba 1,835 sqft , 2026-11-03
4985 Hartson None
Plum Creek Ph 1 Sec 2H
$299,900 $217 3 bd / 2 ba 1,379 sqft , 2026-10-29
720 Goldenrod St
Prairie On The Creek Sec 3A
$269,900 $195 3 bd / 2 ba 1,387 sqft , 2026-10-02
627 Scheel Rd
Plum Creek Ph I Sec 2-E
$305,000 $207 3 bd / 3 ba 1,473 sqft , 2026-08-01

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
$1,378/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
$57,400
20% conventional investment loan

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

Estimated Gross Rent+$1,378
Principal + Interest−$1,566
Property Tax (assumed ~2.1%)−$502
Insurance (assumed ~0.5%)−$120
Est. Monthly Cash Flow $-810

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 · 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 September 23, 2026.

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

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