About This Home

Welcome to your new for you contemporary brick home boasting a gas and wood fireplace with plenty parking for at least 6 vehicles comfortably! It's conveniently located less than half a mile from I-35 and Tobias Elementary School. This wonderful home offers an oversized nook that can also be used as dining room or a study! Come by and check out your future home at your convenience!

At $138/sqft, this home is 26% 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

281 Leonardo St, Kyle, TX 78640

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Property Details

Price $237,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,721 sqft

Lot Size 0.16 acres (6,795.36 sqft)

Year Built 2006

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Post Oak Ph 02

County Hays

Zip Code 78640

$/sqft $138/sqft

Days on Market ,

HOA $92.4/Monthly

Annual Tax Est. $5,143.71

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221954156

List Date March 10, 2026

Elementary School Tobias

Middle School Laura B Wallace

High School Jack C Hays

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 · March 10, 2026 $247,000

Previous ask $239,900

Current ask $237,000

▼ Reduced $10,000 (-4.0%) 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

626 Atlantis None
Post Oak Ph 3 $234,900 $182 3 bd / 2 ba 1,292 sqft , 2026-03-13

105 Calcite Rd #1
Waterstone Village $239,990 $137 3 bd / 3 ba 1,755 sqft , 2026-01-21

104 Calcite Rd #4
Waterstone Village $233,990 $158 3 bd / 3 ba 1,479 sqft , 2026-01-21

105 Calcite Rd #4
Waterstone Village $229,990 $131 3 bd / 3 ba 1,755 sqft , 2026-01-21

136 Atlantis None
Post Oak Ph 2 $244,900 $152 3 bd / 2 ba 1,616 sqft , 2026-08-21

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

$1,138/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

$47,400

20% conventional investment loan

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

Estimated Gross Rent+$1,138

Principal + Interest−$1,293

Property Tax (~2.1% TX avg)−$415

Insurance (~0.5%)−$99

Est. Monthly Cash Flow $-669

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 August 12, 2026.

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

281 Leonardo St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

281 Leonardo St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

Explore Austin Real Estate