Active Listing  ·  48 days on market

273 Cypress Forest Dr

Kyle, TX 78640
$429,999
4 Bed 2 Bath 2,000 sqft $215/sqft Built 2018 0.18 acres 2.5-Car Garage Pool Cypress Forest Ph One

One-story living meets effortless functionality in this 2018-built home at 273 Cypress Forest Dr in Kyle's sought-after Cypress Forest neighborhood. The open floor plan connects the kitchen, dining, and living areas into one continuous entertaining space, anchored by a stone fireplace and abundant natural light throughout. Secondary bedrooms are tucked away from the main living area, giving the primary suite and shared spaces room to breathe: a layout buyers are actively searching for in this Hays County market.

Set on a 0.181-acre lot, the backyard is private and tree-lined, with stone accents and a storage shed adding function without sacrificing green space. The screened-in back porch is built for year-round use: covered, shaded from the afternoon sun, and enclosed against bugs, it is ready for grilling, television, or simply relaxing outside without the usual Texas heat and insects getting in the way.

Custom cabinetry extends beyond the kitchen into the bedrooms, primary closet, and laundry room, adding built-in storage well beyond what is typical at this price point. The primary suite includes this custom closet system, and the kitchen includes an island, generous counter space, and a layout built for daily living and entertaining alike. At 2,000 square feet, this single-story plan keeps everyday living simple, with no stairs to manage and no wasted space to maintain.

Cypress Forest is a Hays CISD community near N Old Stagecoach Rd and W Center St, with easy access to I-35 for commuters heading into Austin or San Antonio. Residents enjoy a neighborhood playground, community pool, covered pavilion, and a stocked fishing pond, all set among the wide, tree-lined streets that give Cypress Forest its quiet, established feel. Local dining options, including Via 313 Pizza and Shugabees Texas BBQ, sit just minutes away. This is single-story, low-maintenance living in one of Kyle's most requested addresses.

At $215/sqft, this home is priced 16% above the Kyle active market average of $186/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

273 Cypress Forest Dr, Kyle, TX 78640

Property Details

Price $429,999
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,000 sqft
Lot Size 0.18 acres (7,884.36 sqft)
Year Built 2018
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Forest Ph One
County Hays
Zip Code 78640
$/sqft $215/sqft
Days on Market ,
HOA $300/Quarterly
Annual Tax Est. $10,214.96
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT234243002
List Date July 7, 2026
Elementary School Laura B Negley
Middle School R C Barton
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
291 Basket Flower Loop
6 Creeks
$419,900 $220 3 bd / 3 ba 1,910 sqft , 2026-03-23
294 Kimble Creek Loop
6 Creeks
$444,000 $227 4 bd / 3 ba 1,954 sqft , 2026-06-17
284 Kimble Creek Loop
6 CREEKS
$415,000 $180 4 bd / 3 ba 2,300 sqft , 2026-03-03
396 Gunnison Way
Cypress Forest Ph Two
$415,000 $187 3 bd / 2 ba 2,220 sqft , 2026-07-31
265 Fawn River Run
6 Creeks Ph 1 Sec 4B
$400,000 $158 4 bd / 3 ba 2,529 sqft , 2026-08-20

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
$2,064/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
$86,000
20% conventional investment loan

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

Estimated Gross Rent+$2,064
Principal + Interest−$2,347
Property Tax (~2.1% TX avg)−$752
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,214

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

Loading…
View All Luxury Homes →
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 August 14, 2026.

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