About This Home

Enjoy the ease of single-story living at 257 Lake Washington Drive in Kyle. This well-maintained home offers approximately 1,761 square feet with 4 bedrooms and 2 bathrooms designed to accommodate a variety of lifestyles. The functional floor plan provides flexible spaces for entertaining, working from home, or simply relaxing. Situated in the established Southlake Ranch community, residents enjoy proximity to shopping, dining, parks, schools, and major commuter routes, this home is perfectly positioned to enjoy all that Kyle has to offer.

At $145/sqft, this home is 22% below the Kyle active market average of $186/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

257 Lake Washington Dr, Kyle, TX 78640

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Property Details

Price $255,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,761 sqft

Lot Size 0.18 acres (7,797.24 sqft)

Year Built 2005

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Southlake Ranch Ph One

County Hays

Zip Code 78640

$/sqft $145/sqft

Days on Market ,

HOA $100/Annually

Annual Tax Est. $4,607.4

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236514680

List Date June 18, 2026

Elementary School Susie Fuentes

Middle School Armando Chapa

High School Lehman

School District ,

Have Questions About This Property?

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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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

458 Nottingham Loop
Kensington Trails Sec 3b $255,000 $162 3 bd / 3 ba 1,571 sqft , 2026-07-06

3073 Winding Creek Rd
Casetta Ranch $253,780 $213 3 bd / 2 ba 1,191 sqft , 2025-02-19

164 Regent Cv
Kensington Trails Sec 4B $259,000 $147 4 bd / 3 ba 1,764 sqft , 2026-04-10

132 Mansfield Lake Trl
Southlake Ranch Ph Two $259,900 $157 3 bd / 2 ba 1,658 sqft , 2026-05-01

359 Bloomsbury Dr
Kensington Trails Sec 4A $250,000 $155 3 bd / 3 ba 1,616 sqft , 2026-03-16

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

$1,224/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

$51,000

20% conventional investment loan

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

Estimated Gross Rent+$1,224

Principal + Interest−$1,392

Property Tax (~2.1% TX avg)−$446

Insurance (~0.5%)−$106

Est. Monthly Cash Flow $-720

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 →

About the Author

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 July 23, 2026.

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

257 Lake Washington Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

257 Lake Washington Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

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