Active Listing  ·  68 days on market

235 San Felipe Dr

Kyle, TX 78640
$259,000
3 Bed 2 Bath 1,432 sqft $181/sqft Built 2004 0.16 acres 2-Car Garage Pool Silverado At Plum Creek Sec 3A

Welcome to this well-designed 3-bedroom, 2-bath home in the highly desirable Plum Creek community of Kyle. This home features a functional and inviting open-concept layout ideal for everyday living and entertaining.

The kitchen serves as the heart of the home, featuring a center island for added prep space, with a breakfast nook situated on one side and the spacious living area on the other—creating a natural and functional separation while maintaining an open, connected feel.

The private primary suite includes an en-suite bath and generous closet space, while two additional bedrooms offer flexibility for guests, a home office, or growing households.

The front yard is framed by mature trees, adding charm, curb appeal, and established character to the home’s exterior.

Plum Creek is known for its mature tree canopy and extensive trail system, along with outstanding community amenities including multiple swimming pools, playgrounds, parks, and walking trails throughout one of Kyle’s largest and most established master-planned communities.

Conveniently located near shopping, dining, schools, and easy access to I-35, this home offers an ideal balance of comfort, community, and connectivity to Austin and surrounding areas. With a long-term rental history and upcoming availability, it presents a strong opportunity for both first-time homebuyers and investors alike.

At $181/sqft, this home is priced in line with the Kyle market average of $186/sqft across 591 active listings. View Austin market report →

Location

235 San Felipe Dr, Kyle, TX 78640

Property Details

Price $259,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,432 sqft
Lot Size 0.16 acres (6,921.68 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Silverado At Plum Creek Sec 3A
County Hays
Zip Code 78640
$/sqft $181/sqft
Days on Market ,
HOA $85/Quarterly
Annual Tax Est. $6,059.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236363257
List Date June 17, 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 →

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 · June 17, 2026 $260,000
Current ask $259,000
Reduced $1,000 (-0.4%) 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
227 Hess Dr
Creekside Village Sec 4
$255,000 $168 3 bd / 2 ba 1,516 sqft , 2026-05-15
198 Hogan None
Plum Creek Ph I Sec 2D
$250,000 $174 3 bd / 2 ba 1,438 sqft , 2026-07-22
346 Strawn None
Plum Creek Ph 1 Sec 2C
$250,000 $139 3 bd / 3 ba 1,802 sqft , 2026-07-29
152 Cibolo Creek Dr
Creekside Village Sec 3
$268,000 $162 3 bd / 2 ba 1,653 sqft , 2026-02-16
111 Hess Dr
Creekside Village Sec 3
$249,000 $151 3 bd / 2 ba 1,653 sqft , 2026-05-30

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
$1,243/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
$51,800
20% conventional investment loan

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

Estimated Gross Rent+$1,243
Principal + Interest−$1,413
Property Tax (~2.1% TX avg)−$453
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-731

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

Loading…
View All Luxury Homes →
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 12, 2026.

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