Active Listing  ·  122 days on market

246 Alpine Crossing Dr

Kyle, TX 78640
$949,900
4 Bed 5 Bath 3,580 sqft $265/sqft Built 2026 0.28 acres 3-Car Garage Pool Clara Vista

MLS# 3328566 - Built by Drees Custom Homes - Dec 2026 completion! ~ New 4 Bed,4.5 Bath 3,500 SF home in Kyle, TX! The Eastland II, one of our most popular floor plans, is a spacious, modern one-story home offering four bedrooms. The luxurious primary suite is a private retreat set back down a hallway which adjoins a spa-like bathroom retreat with large walk-in closet. The main living space opens up with a vaulted family room that overlooks the expansive covered porch giving it an indoor,outdoor open feel with its wall of windows. The placement of the kitchen in the main living space makes it a stylish showpiece for the home, and allows for easy entertaining. Residents will especially appreciate its large walk-in working pantry with ample storage, and a family-ready room to tuck away all the evidence of everyday life. Virtual tours are for illustrative purposes only.

At $265/sqft, this home is priced 46% above the Kyle active market average of $181/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

246 Alpine Crossing Dr, Kyle, TX 78640

Property Details

Price $949,900
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,580 sqft
Lot Size 0.28 acres (12,196.8 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Clara Vista
County Hays
Zip Code 78640
$/sqft $265/sqft
Days on Market ,
HOA $125/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239713922
List Date July 13, 2026
Elementary School Jim Cullen
Middle School R C Barton
High School Jack C Hays
School District HaysCONSISD

HaysCONSISD

Jim Cullen · R C Barton · Jack C Hays

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 13, 2026 $969,900
Current ask $949,900
▼ Reduced $20,000 (-2.1%) 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
335 Lavaca Dr
Clara Vista at Waterridge - Brook Collection
$924,000 $288 4 bd / 5 ba 3,203 sqft , 2026-05-29
229 Alpine Crossing Dr
Clara Vista at Waterridge - Brook Collection
$907,000 $278 4 bd / 4 ba 3,265 sqft , 2026-05-29
136 Dawn Dr
Clara Vista at Waterridge - Spring Collection
$999,000 $253 4 bd / 5 ba 3,956 sqft , 2026-04-01
293 Vale Run
6 Creeks
$899,900 $237 4 bd / 5 ba 3,792 sqft , 2026-10-15
319 Lavaca Dr
Clara Vista
$999,900 $243 5 bd / 4 ba 4,108 sqft , 2026-07-13

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
$4,560/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
$189,980
20% conventional investment loan

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

Estimated Gross Rent+$4,560
Principal + Interest−$5,184
Property Tax (assumed ~2.1%)−$1,662
Insurance (assumed ~0.5%)−$396
Est. Monthly Cash Flow $-2,682

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 · 41 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. The written content was last updated on October 5, 2026.

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

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