Active Listing  ·  133 days on market

248 Texas Agate Dr

Kyle, TX 78640
$311,990
3 Bed 2 Bath 1,477 sqft $211/sqft Built 2026 0.14 acres 2-Car Garage Pool Waterstone Crossing

Brand new, energy-efficient home available by Jun 2026! Prepare dinner at the convenient kitchen island without missing conversation in the adjacent family room. Espresso cabinets with Bengal white granite countertops, cool beige EVP flooring, and textured carpet in our Cozy package. Waterstone Crossing is a beautiful new community in Kyle, TX. Explore shopping, restaurants, and entertainment at Kyle Marketplace, Kyle Crossing, and the San Marcos Premium Outlets. Spend the day fishing at Lake Kyle or enjoy a round of golf at Plum Creek Golf Course. Look forward to incredible amenities including a swimming pool, trails, playground, and pickleball court. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $211/sqft, this home is priced 17% 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

248 Texas Agate Dr, Kyle, TX 78640

Property Details

Price $311,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,477 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterstone Crossing
County Hays
Zip Code 78640
$/sqft $211/sqft
Days on Market ,
HOA $58/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230743706
List Date May 22, 2026
Elementary School Hemphill
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
448 Musgrav St
Post Oak Ph 5B
$310,000 $183 4 bd / 2 ba 1,695 sqft , 2023-08-22
150 Fossil Dr
Waterstone Crossing
$314,990 $213 3 bd / 2 ba 1,477 sqft , 2026-08-14
108 Zion Dr
Paramount
$299,900 $225 3 bd / 2 ba 1,335 sqft , 2025-12-09
170 Silver Glen Dr
Cool Spgs Ph Ii
$299,500 $153 3 bd / 3 ba 1,956 sqft , 2026-07-10
265 Denali Dr
Paramount
$329,000 $197 4 bd / 2 ba 1,672 sqft , 2026-04-16

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
$1,498/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
$62,398
20% conventional investment loan

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

Estimated Gross Rent+$1,498
Principal + Interest−$1,703
Property Tax (~2.1% TX avg)−$546
Insurance (~0.5%)−$130
Est. Monthly Cash Flow $-881

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 22, 2026.

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