Active Listing  ·  30 days on market

349 Elephant Island Loop

Kyle, TX 78640
$359,999
4 Bed 4 Bath 2,512 sqft $143/sqft Built 2026 0.11 acres 2-Car Garage Pool Crosswinds
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About This Home

The Conchos is a buyer favorite. Right as you walk in you’re hit with 25 ft ceilings with the game room on the 2nd floor open to below. The kitchen is a home chef’s dream, with a built in gas cook top and venthood above, it’s surrounded by 42’’ soft-closed shaker cabinets. The pantry is big enough for a full family, plus some. The Conchos also provides ultimate living with 3 gathering spaces (Family, Gameroom and Media room) Great for hosts!

At $143/sqft, this home is 21% 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

349 Elephant Island Loop, Kyle, TX 78640

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Property Details

Price $359,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,512 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Crosswinds
County Hays
Zip Code 78640
$/sqft $143/sqft
Days on Market ,
HOA $47/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247649064
List Date September 23, 2026
Elementary School Ralph Pfluger
Middle School Armando Chapa
High School Lehman
School District ,

Have Questions About This Property?

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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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 · September 23, 2026 $399,999
Previous ask $369,999
Current ask $359,999
▼ Reduced $40,000 (-10.0%) 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
345 Elephant Island Loop
Crosswinds $359,999 $158 4 bd / 4 ba 2,274 sqft , 2026-09-23
326 Dogvane Cir
Crosswinds $359,999 $167 4 bd / 3 ba 2,159 sqft , 2026-09-23
166 Pelican Bay Cir
Crosswinds Ph Two $359,900 $175 3 bd / 3 ba 2,054 sqft , 2025-02-04
750 Billowing Way
Crosswinds $369,900 $187 3 bd / 3 ba 1,983 sqft , 2026-07-22
684 Billowing Way
Crosswinds $350,000 $134 4 bd / 3 ba 2,615 sqft , 2026-06-26

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
$1,728/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
$72,000
20% conventional investment loan

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

Estimated Gross Rent+$1,728
Principal + Interest−$1,965
Property Tax (~2.1% TX avg)−$630
Insurance (~0.5%)−$150
Est. Monthly Cash Flow $-1,017

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 October 13, 2026.

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