Active Listing  ·  18 days on market

189 Ruidoso Rd

Kyle, TX 78640
$295,000
3 Bed 3 Bath 2,244 sqft $131/sqft Built 2003 0.14 acres 2-Car Garage Pool The Park At Steeplechase

Well-maintained 2-story home located on a cul-de-sac in The Park at Steeplechase. Offering 2,244 sq ft, this home features 3 bedrooms, 2.5 bathrooms, two living areas, and a spacious upstairs flex room ideal for a game room, office, or media room. The functional floor plan provides comfortable everyday living with an open kitchen, dining area, and generous primary suite with walk-in closet. Complete roof replacement completed in 2026 adds long-term value and peace of mind. The home also includes a covered front porch, private backyard, and attached 2-car garage. Conveniently located minutes from I-35, HEB, Costco, shopping, restaurants, Plum Creek Golf Course, Lake Kyle Park, downtown Kyle, and an easy commute to Austin and San Marcos. Move-in ready in an established neighborhood.

At $131/sqft, this home is 30% 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

189 Ruidoso Rd, Kyle, TX 78640

Property Details

Price $295,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,244 sqft
Lot Size 0.14 acres (6,250.86 sqft)
Year Built 2003
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Park At Steeplechase
County Hays
Zip Code 78640
$/sqft $131/sqft
Days on Market ,
HOA $265/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242009696
List Date August 6, 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 · August 6, 2026 $325,000
Current ask $295,000
Reduced $30,000 (-9.2%) 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
188 Lexword Ln
The Park At Steeplechase
$295,000 $175 3 bd / 3 ba 1,689 sqft , 2026-08-08
172 Winter St
Four Seasons Farm Ph 1 Sec 1
$299,900 $177 3 bd / 2 ba 1,691 sqft , 2024-11-27
365 Cibolo Creek Dr
CREEKSIDE VILLAGE
$289,000 $170 4 bd / 2 ba 1,699 sqft , 2026-05-03
981 Goldenrod St
Prairie On The Creek Sec 3a
$288,000 $153 4 bd / 2 ba 1,881 sqft , 2026-07-03
531 Goldenrod St
Prairie On Creek Sec 3b
$285,000 $152 4 bd / 2 ba 1,870 sqft , 2026-06-25

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (~2.1% TX avg)−$516
Insurance (~0.5%)−$123
Est. Monthly Cash Flow $-833

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 19, 2026.

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