Active Listing  ·  137 days on market

368 Banff Dr

Kyle, TX 78640
$350,000
4 Bed 3 Bath 2,232 sqft $157/sqft Built 2023 0.13 acres 2-Car Garage Pool Paramount Sec Two

New Price, Amazing Value! Seller Financing Available. Welcome to 368 Banff Dr, a place that truly feels like home, located in the welcoming Paramount community in Kyle. With 4 bedrooms, 3 full bathrooms, and over 2,200 square feet of space, this home offers the perfect balance of room to grow and cozy places to relax.

Step inside and you’re greeted by a bright, open living area designed for everyday comfort and easy connection. Whether you’re hosting friends or enjoying a quiet night in, the flow into the kitchen makes everything feel effortless. The kitchen itself features beautiful granite countertops, a center island for gathering, a walk-in pantry, and plenty of storage to keep life organized.

The main level includes a spacious primary suite where you can unwind at the end of the day, along with two additional bedrooms and a full bathroom—ideal for family, guests, or even a home office. There’s also a dedicated laundry room and an oversized two-car garage to make daily life just a little easier.

Upstairs, you’ll find a flexible bonus room that can become whatever you need it to be—a movie room, playroom, workspace, or second living area. A private fourth bedroom with its own full bath creates a perfect retreat for guests or anyone who enjoys a little extra privacy.

Out back, a covered patio and fully fenced yard offer a great space to relax, play, or gather with loved ones.

Located just off IH-35, you’ll have quick access to shopping, dining, and entertainment, with both Kyle and San Marcos just minutes away. Plus, Texas State University is only about a 10–12 minute drive, adding even more convenience.

This home is ready for you to move in and start your next chapter.

At $157/sqft, this home is 16% 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

368 Banff Dr, Kyle, TX 78640

Property Details

Price $350,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,232 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paramount Sec Two
County Hays
Zip Code 78640
$/sqft $157/sqft
Days on Market ,
HOA $420/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT222937928
List Date March 20, 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 →

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
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
168 Alexander None
Plum Creek Ph 1 Sec 6H-2
$350,000 $186 3 bd / 3 ba 1,881 sqft , 2026-07-31
339 Mustang Bnd
Opal Ranch
$349,990 $174 4 bd / 2 ba 2,010 sqft , 2026-04-22

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
$70,000
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)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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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