Active Listing  ·  180 days on market

281 Texas Agate Dr

Kyle, TX 78640
$274,990
3 Bed 2 Bath 1,273 sqft $216/sqft Built 2026 0.15 acres 2-Car Garage Pool Waterstone Crossing

Brand new, energy-efficient home available by Feb 2026! The Spade’s open concept layout is great for hosting family and friends. Live in luxury with the private primary suite at the back of the home. Waterstone Crossing is a beautiful new community in Kyle, TX. Explore shopping, restaurants, and entertainment at Kyle Marketplace, Kyle Crossing, and the San Marcos Premium Outlets. Spend the day fishing at Lake Kyle or enjoy a round of golf at Plum Creek Golf Course. Look forward to incredible amenities including a swimming pool, trails, playground, and pickleball court. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

At $216/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

281 Texas Agate Dr, Kyle, TX 78640

Property Details

Price $274,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,273 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterstone Crossing
County Hays
Zip Code 78640
$/sqft $216/sqft
Days on Market ,
HOA $58/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218229483
List Date February 5, 2026
Elementary School Hemphill
Middle School Laura B Wallace
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 →

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 · February 5, 2026 $298,790
Previous ask $289,990
Current ask $274,990
Reduced $23,800 (-8.0%) 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
771 Bunton Reserve Blvd
Bunton Creek Reserve Ph 1
$275,000 $229 3 bd / , ba 1,200 sqft , 2025-11-07
202 Hess Dr
Creekside Village
$275,000 $181 3 bd / 2 ba 1,516 sqft , 2026-06-25
141 Belton Dr
TALAVERA
$275,170 $208 3 bd / 2 ba 1,325 sqft , 2026-04-06
311 Palestine Trl
TALAVERA
$273,990 $186 4 bd / 2 ba 1,470 sqft , 2026-04-21
161 Collared Dove Cv
MEADOWS OF KYLE
$270,000 $206 3 bd / 2 ba 1,311 sqft , 2026-05-27

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
$1,320/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
$54,998
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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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