Active Listing  ·  166 days on market

305 Reef Band Dr

Kyle, TX 78640
$499,000
4 Bed 4 Bath 3,013 sqft $166/sqft Built 2023 0.11 acres 3-Car Garage Pool Crosswinds Ph Four-A

**Welcome to 305 Reef Band Drive in Kyle, Texas**—where modern design and everyday comfort come together in the highly sought-after Crosswinds community. Built by Perry Homes in 2023, this exceptional two-story home offers 4 bedrooms, 3 full bathrooms, 1 half bath, a private first-floor office, and a rare 3-car tandem garage with an EV charging outlet. Step inside to soaring ceilings, abundant natural light, and an open-concept floor plan perfect for entertaining and everyday living. The spacious family room flows seamlessly into the kitchen and dining area, creating the ideal gathering space for family and friends. The private primary suite is located on the main floor and features a spa-inspired bath and large walk-in closet. A second downstairs bedroom with a full bath is ideal for guests or multigenerational living, while the dedicated office provides an excellent work-from-home space. Upstairs, you'll find two additional bedrooms, a full bath, and a spacious game room that can easily serve as a media room or second living area. Enjoy outdoor living on the covered patio overlooking the private backyard with a custom fire pit—perfect for relaxing or entertaining. Additional highlights include a built-in kennel beneath the stairs that also provides extra storage, plus the highly desirable tandem third garage bay for a workshop, golf cart, home gym, or additional storage. Residents of Crosswinds enjoy outstanding amenities, including a resort-style pool, parks, playgrounds, walking trails, and green spaces. Conveniently located near Downtown Kyle with easy access to Buda, Austin, San Marcos, New Braunfels, and Austin-Bergstrom International Airport, this home offers the perfect blend of Hill Country charm and city convenience. Beautifully maintained and move-in ready, this upgraded Perry Home offers the quality, space, and lifestyle today's buyers are looking for.

At $166/sqft, this home is 11% 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

305 Reef Band Dr, Kyle, TX 78640

Property Details

Price $499,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,013 sqft
Lot Size 0.11 acres (4,961.48 sqft)
Year Built 2023
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Crosswinds Ph Four-A
County Hays
Zip Code 78640
$/sqft $166/sqft
Days on Market ,
HOA $575/Annually
Annual Tax Est. $13,962.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219909959
List Date February 19, 2026
Elementary School Ralph Pfluger
Middle School Armando Chapa
High School Lehman
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
158 Sumter Way St
Cypress Forest Ph 3 Sec B
$499,000 $180 4 bd / 3 ba 2,773 sqft , 2026-02-06
214 Prickly Poppy Loop
6 Creeks
$499,840 $182 4 bd / 3 ba 2,752 sqft , 2026-02-11
1279 Verna Brooks Way
Kyle 47 Sub Ph 1
$499,900 $137 5 bd / 3 ba 3,646 sqft , 2026-07-31
388 Washington Dr
Anthem Ph 1-A
$499,990 $195 4 bd / 3 ba 2,560 sqft , 2026-07-16
288 Smithsonian Ln
Anthem
$499,999 $179 4 bd / 4 ba 2,799 sqft , 2026-05-13

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
$2,395/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
$99,800
20% conventional investment loan

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

Estimated Gross Rent+$2,395
Principal + Interest−$2,723
Property Tax (~2.1% TX avg)−$873
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,409

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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