Active Listing  ·  99 days on market

331 Romans Rd

Kyle, TX 78640
$349,990
3 Bed 3 Bath 2,389 sqft $147/sqft Built 2026 0.13 acres 2-Car Garage Pool New Construction Parkton Square

Parkton Square is an exciting new addition to the heart of downtown Kyle, offering a vibrant and connected lifestyle in one of the area’s most desirable locations. Residents enjoy the convenience of being within walking distance to Wallace Middle School, as well as easy access to a variety of local eateries, shops, and entertainment options that give the neighborhood its unique charm.

Directly across the street, you’ll find an abundance of park amenities, perfect for outdoor activities, relaxation, and community gatherings. Whether it’s a morning walk, an afternoon at the playground, or enjoying open green space, the location truly enhances everyday living.

With its prime positioning, Parkton Square also offers an easy commute to nearby cities and major employers, making it ideal for those seeking both convenience and connectivity.

As a newly introduced community, Parkton Square brings fresh opportunities for homebuyers to be part of something special from the very beginning. We are now open for tours daily and invite you to come experience firsthand what makes this community such a standout place to call home.

Plan 3554 is a spacious two-story home offering approximately 2,389 square feet of living space, designed with a desirable primary-down layout and flexible living areas throughout. The main floor features an open-concept kitchen, dining, and living area anchored by a large island and walk-in pantry—ideal for both everyday living and entertaining. A flex room at the front of the home adds versatility for a home office or additional living space, while the private primary suite at the rear offers a relaxing retreat. Upstairs, a central loft overlooking the foyer is complemented by two secondary bedrooms and a full bath, creating the perfect balance of shared and private spaces.

At $147/sqft, this home is 21% 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

331 Romans Rd, Kyle, TX 78640

Property Details

Price $349,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,389 sqft
Lot Size 0.13 acres (5,710.72 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkton Square
County Hays
Zip Code 78640
$/sqft $147/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT227850678
List Date April 27, 2026
Elementary School Kyle
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 · April 27, 2026 $366,690
Previous ask $359,990
Current ask $349,990
Reduced $16,700 (-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
339 Mustang Bnd
Opal Ranch
$349,990 $174 4 bd / 2 ba 2,010 sqft , 2026-04-22
368 Banff Dr
Paramount Sec Two
$350,000 $157 4 bd / 3 ba 2,232 sqft , 2026-03-20
249 Treadwell Ln
Sage Hollow
$350,000 $160 3 bd / 2 ba 2,182 sqft , 2026-04-27
216 Greene Dr
Plum Creek Ph I Sec 6e2-1
$350,000 $182 3 bd / 3 ba 1,920 sqft , 2026-05-06
208 Langely St
Post Oak Phase One
$350,000 $155 4 bd / 3 ba 2,260 sqft , 2026-06-18

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
$1,680/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
$69,998
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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