Active Listing  ·  83 days on market

271 Reef Band Dr

Kyle, TX 78640
$399,800
3 Bed 2 Bath 1,500 sqft $267/sqft Built 2024 0.18 acres 2-Car Garage Pool Crosswinds Ph Four-A

Built by Perry Homes in 2024, this beautifully upgraded 1 story offers 1,500 sq.ft. of thoughtfully designed living space. Situated on the largest corner 0.17 acre lot in the neighborhood, this home stands out with exceptional curb appeal and premium builder upgrades. Inside, you'll find engineered hardwood flooring, soaring ceilings, abundant natural light from seven additional windows added in design by owner, and an open-concept layout designed for both everyday living and entertaining. The spacious kitchen features a large center island, pantry, stainless steel appliances including a cooktop, built-in oven, microwave, dishwasher, sink disposal and tankless water heater in the 2 car garage.

The primary suite offers a relaxing retreat with a beautifully upgraded bathroom featuring tile extended to the ceiling for a custom luxury finish with soaking tube and walk-in shower with shelf seating. The secondary bathroom has been enhanced with full-height tile, creating a polished upscale look.

Additional features include spacious bedrooms, tile flooring in wet areas, wired-for-sound, ceiling fans, dining area, full irrigation for the front and back yards, and 4 side brick exterior siding. Crosswinds amenities offers community pool, children’s pool, walking trails and new community market.

At $267/sqft, this home is priced 48% 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

271 Reef Band Dr, Kyle, TX 78640

Property Details

Price $399,800
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,500 sqft
Lot Size 0.18 acres (7,797.24 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Crosswinds Ph Four-A
County Hays
Zip Code 78640
$/sqft $267/sqft
Days on Market ,
HOA $575/Annually
Annual Tax Est. $9,231.15
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241404734
List Date August 1, 2026
Elementary School Ralph Pfluger
Middle School Armando Chapa
High School Lehman
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.

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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 · August 1, 2026 $425,000
Previous ask $399,900
Current ask $399,800
▼ Reduced $25,200 (-5.9%) 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
184 Bridge Deck Loop
Crosswinds
$389,651 $218 3 bd / 2 ba 1,790 sqft , 2026-04-20
750 Billowing Way
Crosswinds
$369,900 $187 3 bd / 3 ba 1,983 sqft , 2026-07-22
277 Spinnaker Loop
Crosswinds Ph Two
$330,000 $188 3 bd / 2 ba 1,760 sqft , 2026-08-15
596 Backstays Loop
Crosswinds
$326,499 $165 4 bd / 4 ba 1,980 sqft , 2026-06-25

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
$1,919/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
$79,960
20% conventional investment loan

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

Estimated Gross Rent+$1,919
Principal + Interest−$2,182
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 October 12, 2026.

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