Active Listing  ·  7 days on market

290 Cypress Forest Dr

Kyle, TX 78640
$390,000
3 Bed 2 Bath 1,898 sqft $205/sqft Built 2017 0.27 acres 3-Car Garage Pool Cypress Forest Ph One

Discover this newly built home by David Weekly, featuring 3 bedrooms, 2 bathrooms, and a dedicated home office. Situated on a good-sized lot atop a hill in the neighborhood, this home offers an open floor plan designed for comfortable everyday living. Enjoy the large backyard with mature oak trees, along with spacious front and back patios that provide additional outdoor space to relax or entertain. The home also features a three-car attached garage, brick exterior, upgraded cabinetry, and a sprinkler system. Fiber internet was installed in 2026 for added connectivity. Residents can enjoy amenities including a community pool, pond, playground, sidewalks and trails, with a convenience store nearby. A great opportunity to enjoy the space, features, and community amenities this home has to offer!

At $205/sqft, this home is priced 13% 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

290 Cypress Forest Dr, Kyle, TX 78640

Property Details

Price $390,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,898 sqft
Lot Size 0.27 acres (11,974.64 sqft)
Year Built 2017
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Forest Ph One
County Hays
Zip Code 78640
$/sqft $205/sqft
Days on Market ,
HOA $300/Quarterly
Annual Tax Est. $11,000.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246393720
List Date November 5, 2026
Elementary School Jim Cullen
Middle School R C Barton
High School Jack C Hays
School District HaysCONSISD

HaysCONSISD

Jim Cullen · R C Barton · Jack C Hays

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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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
461 Coyote Creek Way
6 Creeks Ph 1 Sec 1
$390,000 $187 4 bd / 3 ba 2,082 sqft , 2026-09-16
154 Sequoia Dr
Cypress Forest Ph Four Sec A
$385,000 $223 3 bd / 2 ba 1,725 sqft , 2026-06-23
170 Corral Cv
Brooks Ranch Ph 2
$395,000 $168 4 bd / 3 ba 2,352 sqft , 2026-11-05
396 Gunnison Way
Cypress Forest Ph Two
$399,000 $180 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
$1,872/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
$78,000
20% conventional investment loan

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

Estimated Gross Rent+$1,872
Principal + Interest−$2,128
Property Tax (assumed ~2.1%)−$683
Insurance (assumed ~0.5%)−$163
Est. Monthly Cash Flow $-1,102

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 · 41 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. The written content was last updated on November 7, 2026.

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

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