Active Listing  ·  21 days on market

223 Rieber Rd

Kyle, TX 78640
$332,500
4 Bed 3 Bath 2,023 sqft $164/sqft Built 2024 0.10 acres 2-Car Garage Pool Sage Hollow

SELLER WILLING TO HELP WITH CLOSING COSTS OR RATE BUYDOWN - LET'S GET CREATIVE! Welcome to this pristine 4-bedroom, 2.5-bath home tucked away in Sage Hollow, one of Kyle’s charming smaller communities. Thoughtfully designed with the primary suite downstairs, this two-story home offers an open, light-filled floor plan with beautiful light oak-toned LVP flooring throughout the main living areas. The kitchen feels fresh and inviting with crisp white cabinetry, a serene sage subway tile backsplash, and an easy flow into the dining and living spaces—perfect for everyday living and entertaining. The garage is equipped with a Tesla Charger!

A modern stair railing adds just the right touch of style as you head upstairs to the secondary bedrooms. Out back, enjoy a low-maintenance yard that gives you outdoor space without spending every weekend maintaining it.

Sage Hollow offers the best of both worlds: a more intimate neighborhood feel with great amenities, including a community pool, playground, and dog park just a short walk away. Once complete, the community is planned for just over 200 homes, offering a smaller neighborhood atmosphere that can be hard to find among Kyle’s larger developments.

The home currently feeds to Cullen Elementary, a candidate school pursuing International Baccalaureate authorization. And with competitive pricing compared to nearby new construction, this move-in-ready home offers the opportunity to skip the building process and start enjoying the neighborhood right away.

Light, bright, beautifully maintained, and ready for its next owner!

At $164/sqft, this home is 9% 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

223 Rieber Rd, Kyle, TX 78640

Property Details

Price $332,500
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,023 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sage Hollow
County Hays
Zip Code 78640
$/sqft $164/sqft
Days on Market ,
HOA $115/Monthly
Annual Tax Est. $8,650.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245242652
List Date September 1, 2026
Elementary School Jim Cullen
Middle School R C Barton
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
1337 Sweet Gum Dr
Hometown Kyle Ph 3 Sec 2
$334,900 $142 4 bd / 3 ba 2,352 sqft , 2026-08-14
132 Tenny Ln
Sage Hollow
$334,999 $161 3 bd / 3 ba 2,078 sqft , 2026-06-06
773 Treadwell Ln
Sage Hollow
$334,999 $234 3 bd / 2 ba 1,434 sqft , 2026-06-22
279 Rieber Rd
Sage Hollow
$329,000 $224 3 bd / 2 ba 1,468 sqft , 2026-08-17
701 Sweet Gum None
Hometown Kyle Ph 3 Sec 6
$338,000 $167 3 bd / 2 ba 2,025 sqft , 2026-07-01

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
$1,596/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
$66,500
20% conventional investment loan

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

Estimated Gross Rent+$1,596
Principal + Interest−$1,815
Property Tax (~2.1% TX avg)−$582
Insurance (~0.5%)−$139
Est. Monthly Cash Flow $-940

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

More Luxury Homes in Kyle

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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 September 21, 2026.

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