Active Listing  ·  52 days on market

207 Otter Rd

Kyle, TX 78640
$325,000
4 Bed 3 Bath 2,466 sqft $132/sqft Built 2022 0.17 acres 3-Car Garage Pool Cool Spgs Ph Iii

Space, location, lifestyle—and a three-car garage! Welcome to 207 Otter Rd, a spacious Kyle home that delivers the room buyers are looking for while keeping Austin within easy reach. The location offers convenient access toward the Austin employment corridor, making this an appealing option for buyers who want more home and breathing room without giving up connectivity to the city.

Inside, the open-concept layout feels bright and inviting, with expansive living space flowing into the kitchen and plenty of flexibility for everyday life and entertaining. Upstairs, the large loft provides a valuable second living area—perfect for a media room, game room, home office, play space, or comfortable retreat. And the three-car garage is a standout feature, offering coveted extra room for vehicles, storage, hobbies, or recreational gear.

One of the biggest lifestyle advantages is the setting in Cool Springs, where residents have access to an incredible outdoor environment right in the neighborhood. Cool Springs Park encompasses more than 19 acres and features three catch-and-release fishing ponds, approximately 1.86 miles of natural trails, picnic areas, open space, and disc-golf practice holes—giving you places to walk, explore, fish, and unwind without having to leave the community.

The surrounding Kyle area continues to grow, with new construction and residential development nearby, giving buyers the opportunity to purchase in an established home while being surrounded by continued investment and expansion. Current homebuilding activity can be found throughout the Kyle area, reinforcing just how much this part of the Austin metro continues to develop.

From the three-car garage and upstairs loft to the open living spaces, neighborhood trails, fishing ponds, outdoor recreation, and convenient Austin access, this home offers something increasingly difficult to find: the space to live bigger while staying connected to where you need to be.

At $132/sqft, this home is 27% 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

207 Otter Rd, Kyle, TX 78640

Property Details

Price $325,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,466 sqft
Lot Size 0.17 acres (7,557.66 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cool Spgs Ph Iii
County Hays
Zip Code 78640
$/sqft $132/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. $8,453.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245417228
List Date September 1, 2026
Elementary School Tobias
Middle School D J Red Simon
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 · September 1, 2026 $335,000
Previous ask $330,000
Current ask $325,000
▼ Reduced $10,000 (-3.0%) 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
215 Myrtle St
Waterleaf Ph B Sec 1
$325,000 $130 3 bd / 3 ba 2,504 sqft , 2026-07-15
233 Avre Loop
Waterstone
$326,999 $120 4 bd / 3 ba 2,723 sqft , 2026-09-01
120 Granite Dome Dr
Waterstone Crossing
$329,000 $141 4 bd / 3 ba 2,334 sqft , 2026-09-04
314 Avre Loop
Waterstone
$333,999 $141 4 bd / 3 ba 2,368 sqft , 2026-05-14
448 Musgrav St
Post Oak Ph 5B
$310,000 $183 4 bd / 2 ba 1,695 sqft , 2023-08-22

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
$1,560/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
$65,000
20% conventional investment loan

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

Estimated Gross Rent+$1,560
Principal + Interest−$1,774
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-918

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 October 11, 2026.

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