About This Home

3 bed home + large office downstairs! Thoughtfully renovated throughout, this move-in ready property features brand-new HVAC, flooring, new cabinetry, countertops, and a full suite of new appliances, complemented by fresh interior paint for a bright, modern feel. The roof was replaced in 2021, offering added peace of mind. Conveniently located with easy access to shopping, dining, parks, and I-35, this home combines timeless neighborhood charm with today’s most desirable updates.

At $130/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

215 Myrtle St, Kyle, TX 78640

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Property Details

Price $325,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 2,504 sqft

Lot Size 0.14 acres (5,967.72 sqft)

Year Built 2007

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Waterleaf Ph B Sec 1

County Hays

Zip Code 78640

$/sqft $130/sqft

Days on Market ,

HOA $35/Monthly

Annual Tax Est. $7,522.29

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT239995994

List Date July 15, 2026

Elementary School Tobias

Middle School D J Red Simon

High School Lehman

School District ,

Have Questions About This Property?

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 · July 15, 2026 $340,000

Current ask $325,000

▼ Reduced $15,000 (-4.4%) 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

201 Connor Elkins Dr
Waterleaf Ph A Sec 5B $325,000 $161 4 bd / 2 ba 2,014 sqft , 2026-08-06

263 Oriole St
Infinity Square $329,990 $183 3 bd / 2 ba 1,800 sqft , 2025-10-15

185 Silver Springs Bnd
Cool Spgs Ph Ii $320,000 $167 3 bd / 2 ba 1,914 sqft , 2026-06-23

325 Granary Dr
HARVEST CREEK $320,000 $178 4 bd / 2 ba 1,797 sqft , 2026-08-20

170 Silver Glen Dr
Cool Spgs Ph Ii $316,000 $162 3 bd / 3 ba 1,956 sqft , 2026-07-10

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 →

About the Author

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 1, 2026.

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

215 Myrtle St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

215 Myrtle St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

Explore Austin Real Estate