Active Listing  ·  26 days on market

221 Banff Dr

Kyle, TX 78640
$359,999
4 Bed 3 Bath 2,115 sqft $170/sqft Built 2022 0.13 acres 2-Car Garage Pool Paramount Sec One

Welcome to this beautifully designed home in Kyle, Texas, offering a functional layout that lives like a one-story home while providing additional flexible living space and bed/bath upstairs. The main level features the private primary suite along with two secondary bedrooms, creating the convenience of having three of the home's four bedrooms on the first floor. The open-concept kitchen, dining area, and spacious living area provide an ideal setting for everyday living and entertaining. A bright and inviting kitchen welcomes you at the entry, while the convenient main-level laundry room adds to the home's thoughtful design. Upstairs, you'll find an additional game room, a guest bedroom, and a bathroom, making it an ideal retreat for visitors, multigenerational living, or a private flex space. Step outside to a generously sized backyard with plenty of room for outdoor entertaining, barbecues, play, or relaxation. The home also features a 2-car attached garage with parking for up to 4 vehicles. Conveniently located near schools, community parks, shopping, dining, and local amenities, this home offers both comfort and accessibility. With easy access to major roadways, commuting to Austin and surrounding areas is simple and convenient.

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

221 Banff Dr, Kyle, TX 78640

Property Details

Price $359,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,115 sqft
Lot Size 0.13 acres (5,675.87 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paramount Sec One
County Hays
Zip Code 78640
$/sqft $170/sqft
Days on Market ,
HOA $35/Monthly
Annual Tax Est. $8,569.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235951837
List Date July 9, 2026
Elementary School Kyle
Middle School Laura B Wallace
High School Jack C Hays
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
154 Eagle Ford Dr
6 Creeks Ph 1 Sec 1
$360,000 $170 4 bd / 3 ba 2,121 sqft , 2026-03-02
201 Mendoza None
Plum Creek Ph 2 Sec 2
$359,990 $141 4 bd / 3 ba 2,547 sqft , 2026-04-12
166 Pelican Bay Cir
Crosswinds Ph Two
$359,900 $175 3 bd / 3 ba 2,054 sqft , 2025-02-04
288 Caddo Bnd
Talavera Ph 1
$359,900 $144 4 bd / 3 ba 2,501 sqft , 2026-06-21
682 Coyote Creek Way
6 Creeks Ph 1 Sec 1
$359,000 $195 4 bd / 2 ba 1,840 sqft , 2026-03-12

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
$1,728/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
$72,000
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,965
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,017

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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