Active Listing  ·  39 days on market

305 Painted Creek Way

Kyle, TX 78640
$500,000
5 Bed 5 Bath 3,703 sqft $135/sqft Built 2020 0.19 acres 2-Car Garage Pool 6 Creeks Ph 1 Sec 2

Welcome to 305 Painted Creek Way, a move-in ready 5-bedroom, 5-bathroom home with approximately 3,703 square feet in the highly sought-after 6 Creeks community of Kyle, TX. Offering exceptional space, multiple living areas, a dedicated home office, and a large backyard, this home is designed for buyers who need room to live, work, entertain, and grow.

Step inside to soaring ceilings, abundant natural light, and an open-concept floor plan connecting the kitchen, dining, and living areas. The spacious kitchen offers generous cabinetry, ample counter space, and a large island overlooking the main living area, creating a natural gathering place for everyday living and entertaining. A dedicated study/home office provides valuable work-from-home space, while the main-level primary suite offers privacy, a spacious bedroom, and an ensuite bath.

With 5 bedrooms and 5 bathrooms, the flexible layout provides options for guest rooms, multigenerational living, a second office, hobby space, or private accommodations for family and visitors. Upstairs, an additional living/game room creates even more usable space for movie nights, gaming, entertaining, or a kids' retreat.

Outside, enjoy a spacious backyard with room for outdoor dining, play, pets, gardening, or creating your own Texas backyard retreat.

Located in 6 Creeks in Kyle, Texas, this home combines the space of a large two-story home with access to community amenities, trails, green spaces, and neighborhood recreation. Conveniently positioned near shopping, restaurants, schools, entertainment, and major commuter routes with access to Buda, South Austin, Downtown Austin, and the surrounding Central Texas corridor.

If you've been searching for a spacious 5-bedroom home in Kyle with 5 bathrooms, a home office, multiple living spaces, an open floor plan, and a large backyard, 305 Painted Creek Way is one you don't want to miss.

At $135/sqft, this home is 25% below the Kyle active market average of $181/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

305 Painted Creek Way, Kyle, TX 78640

Property Details

Price $500,000
Status Active Listing
Beds 5
Full Baths 4
Half Baths 1
Living Area 3,703 sqft
Lot Size 0.19 acres (8,102.16 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision 6 Creeks Ph 1 Sec 2
County Hays
Zip Code 78640
$/sqft $135/sqft
Days on Market ,
HOA $200/Quarterly
Annual Tax Est. $10,629.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243521447
List Date August 14, 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 →

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 · August 14, 2026 $524,000
Current ask $500,000
Reduced $24,000 (-4.6%) 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
242 Five Mile Creek Way
6 Creeks
$499,990 $169 4 bd / 3 ba 2,965 sqft , 2026-03-09
310 Prickly Poppy Loop
6 Creeks
$499,990 $184 4 bd / 4 ba 2,713 sqft , 2026-05-20
126 Basket Flower Loop
6 Creeks
$499,900 $207 4 bd / 3 ba 2,410 sqft , 2026-03-26
228 Basket Flower Loop
6 Creeks
$499,900 $198 4 bd / 3 ba 2,527 sqft , 2026-05-08
277 Basket Flower Loop
6 CREEKS
$499,900 $201 4 bd / 4 ba 2,488 sqft , 2026-05-28

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

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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 · 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 26, 2026.

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