Active Listing  ·  119 days on market

266 Reef Band Dr

Kyle, TX 78640
$398,900
4 Bed 4 Bath 2,379 sqft $168/sqft Built 2026 0.11 acres 2-Car Garage Pool Crosswinds
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About This Home

Welcoming entry extends past the half bathroom to a spacious family room. Dining area with a large window. Island kitchen offers built-in seating space and a corner walk-in pantry. Rear home office with French doors just off the kitchen area. Second floor Primary suite with a large window that overlooks the front view. Primary bath with French door entry, dual vanities, a glass enclosed shower and two walk-in closets. Secondary bedrooms with walk-in closets complete the second level. Covered backyard patio. Utility room and mud room just off the two-door garage.

At $168/sqft, this home is 7% 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

266 Reef Band Dr, Kyle, TX 78640

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Property Details

Price $398,900
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,379 sqft
Lot Size 0.11 acres (4,878.72 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Crosswinds
County Hays
Zip Code 78640
$/sqft $168/sqft
Days on Market ,
HOA $593/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237781559
List Date June 26, 2026
Elementary School Ralph Pfluger
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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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 26, 2026 $490,900
Previous ask $399,900
Current ask $398,900
▼ Reduced $92,000 (-18.7%) 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
330 Bay Breeze Dr
Crosswinds Ph 3A $399,000 $198 4 bd / 2 ba 2,011 sqft , 2026-10-09
188 Nautical Loop
Crosswinds Ph One $399,989 $175 4 bd / 3 ba 2,287 sqft , 2026-07-23
136 Tailwind Dr
Crosswinds Ph One $399,999 $142 5 bd / 3 ba 2,822 sqft , 2026-06-06
184 Bridge Deck Loop
Crosswinds $389,651 $218 3 bd / 2 ba 1,790 sqft , 2026-04-20
258 Reef Band Dr
Crosswinds $409,900 $172 4 bd / 4 ba 2,379 sqft , 2026-06-26

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
$1,915/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
$79,780
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,177
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,126

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 October 22, 2026.

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