Active Listing  ·  83 days on market

288 Smithsonian Ln

Kyle, TX 78640
$499,999
4 Bed 4 Bath 2,799 sqft $179/sqft Built 2024 0.14 acres 2-Car Garage Pool Anthem

Modern design, elevated finishes, and a backyard view you truly can’t replicate. Completed in June 2024, this custom-built home at 288 Smithsonian delivers style and functionality with more than $65,000 in thoughtful upgrades and a warm, designer-selected color palette that feels both sophisticated and inviting.

The layout was built for everyday living and entertaining alike, featuring a dramatic two-story living room with soaring ceilings and oversized windows that bring in incredible natural light. With four generously sized bedrooms, a dedicated office, and a spacious upstairs flex/media room, there is room for everything from movie nights to work-from-home setups.

The main-level primary suite feels tucked away and private, overlooking the tree-filled ranch land behind the home. The ensuite bath includes a large walk-in tiled shower, deep jetted soaking tub, and an oversized walk-in closet with direct access to the laundry room.

Out back, the views are the real showstopper. The property backs to a private ranch with wide-open Hill Country scenery, mature trees, and a sense of calm. Even better, the neighboring land has recently entered into a 99-year conservation easement agreement, helping preserve the natural landscape and protecting the area from future development for decades to come. No rear neighbors and no crowded backyard views here.

Located in the highly desirable Anthem community, residents enjoy access to resort-style amenities including a pool, sports courts, playgrounds, community gardens, and scenic walking trails. Conveniently situated between Austin and San Antonio, just minutes from downtown Kyle and a short drive to Wimberley, this home offers the perfect mix of peaceful Hill Country living and everyday convenience.

At $179/sqft, this home is 4% 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

288 Smithsonian Ln, Kyle, TX 78640

Property Details

Price $499,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,799 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Anthem
County Hays
Zip Code 78640
$/sqft $179/sqft
Days on Market ,
HOA $210/Quarterly
Annual Tax Est. $13,690.44
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229966055
List Date May 13, 2026
Elementary School Jim Cullen
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
485 Bella Vista Cir
Arroyo Ranch
$500,000 $180 5 bd / 3 ba 2,772 sqft , 2026-05-19
388 Washington Dr
Anthem Ph 1-A
$499,990 $195 4 bd / 3 ba 2,560 sqft , 2026-07-16
1279 Verna Brooks Way
Kyle 47 Sub Ph 1
$499,900 $137 5 bd / 3 ba 3,646 sqft , 2026-07-31
214 Prickly Poppy Loop
6 Creeks
$499,840 $182 4 bd / 3 ba 2,752 sqft , 2026-02-11
248 Prickly Poppy Loop
6 Creeks
$499,840 $184 4 bd / 4 ba 2,713 sqft , 2026-03-04

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
$2,400/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
$100,000
20% conventional investment loan

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

Estimated Gross Rent+$2,400
Principal + Interest−$2,729
Property Tax (~2.1% TX avg)−$875
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,412

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 →