Active Listing  ·  105 days on market

238 Arapaho Dr

Kyle, TX 78640
$626,000
4 Bed 4 Bath 3,581 sqft $175/sqft Built 2019 0.30 acres 3-Car Garage Pool Cypress Forest Ph Two

Don’t stress about current market interest rates! This incredible home features an assumable VA mortgage at just 2.75%, keeping monthly payments low and saving you money over the loan’s life. Combined with stunning modern upgrades and a prime location, this is the ultimate dream home.

Discover a unique ranch-style residence on a coveted corner lot, spanning 3,581 square feet. It includes four spacious bedrooms and four well-appointed baths, perfect for families and entertainers.

The open floor plan welcomes you with high ceilings, creating an airy atmosphere for relaxation and gatherings. Built-in features and luxurious California closets maximize storage throughout the home.

The inviting master suite boasts his and hers closets, a dual vanity, and a master bathroom with a large walk-in shower. Additional bedrooms include a Jack and Jill bathroom for convenience and privacy.

Enjoy two dining areas for hosting dinner parties or casual family meals, and a spacious living area that flows to a large covered back porch. An outdoor kitchen is perfect for entertaining, while a three-car garage offers ample parking and storage.

Modern conveniences include an irrigation system for the lush exterior and a water softener for added comfort. The large front and back yards provide plenty of space for play and relaxation.

Located within walking distance to the community pool and playground, schools and shopping are just a short drive away. Don’t miss the chance to make this exceptional property your new home—schedule a showing today!

At $175/sqft, this home is 3% 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

238 Arapaho Dr, Kyle, TX 78640

Property Details

Price $626,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,581 sqft
Lot Size 0.30 acres (13,146.41 sqft)
Year Built 2019
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Forest Ph Two
County Hays
Zip Code 78640
$/sqft $175/sqft
Days on Market ,
HOA $300/Quarterly
Annual Tax Est. $16,090.36
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236942153
List Date June 19, 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 →

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 19, 2026 $650,000
Previous ask $627,000
Current ask $626,000
▼ Reduced $24,000 (-3.7%) 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
315 Seaside Sparrow Way
6 Creeks
$634,080 $241 4 bd / 4 ba 2,632 sqft , 2026-08-20
238 Brewer St
6 Creeks Ph 1 Sec 9
$610,000 $177 4 bd / 4 ba 3,448 sqft , 2026-09-29
220 Tumbling Creek Run
6 Creeks
$645,108 $201 4 bd / 4 ba 3,215 sqft , 2026-08-25
626 Painted Creek Way
6 Creeks Ph 1 Sec 3
$649,900 $228 3 bd / 3 ba 2,855 sqft , 2026-05-09
281 Seaside Sparrow Way
6 Creeks
$600,000 $222 4 bd / 3 ba 2,701 sqft , 2026-01-08

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
$3,005/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
$125,200
20% conventional investment loan

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

Estimated Gross Rent+$3,005
Principal + Interest−$3,416
Property Tax (~2.1% TX avg)−$1,096
Insurance (~0.5%)−$261
Est. Monthly Cash Flow $-1,768

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 September 27, 2026.

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