Active Listing  ·  19 days on market

388 Washington Dr

Kyle, TX 78640
$499,990
4 Bed 3 Bath 2,560 sqft $195/sqft Built 2024 0.20 acres 3-Car Garage Pool Anthem Ph 1-A

Welcome home to this stunning single-story residence, where elegance, comfort, and thoughtful design come together beautifully. The gourmet kitchen is a chef’s dream, featuring quartz countertops, a gas cooktop, built-in oven, & microwave, abundant counter space, & generous storage. The spacious open floor plan is enhanced by soaring vaulted ceilings and impressive 8-foot doors, creating an airy, inviting atmosphere throughout. This exceptional home offers four generously sized bedrooms and three full bathrooms, providing plenty of room for family and guests. Plenty of parking with this 3 car garage! The luxurious primary suite is truly a breath of fresh air, offering an abundance of space and a private patio entrance for peaceful mornings or relaxing evenings. The spa-inspired primary bathroom is designed for comfort and style, while the oversized walk-in closet serves as your own private dressing room. Step outside and enjoy the equally impressive outdoor living space. The extra-long covered patio overlooks a large backyard on a private corner lot, offering the perfect setting for entertaining, relaxing, or enjoying the outdoors.

If you’re looking for a home that offers more beauty, more space, and more room to live, this is the one. Numerous upgrades-Please see attached documents for a complete list of extras. Life extends beyond your front door in this wonderful community! Cool off in the community swimming pool, host memorable celebrations at the community park & picnic area, or enjoy a friendly game on the basketball court. Whether you love an active lifestyle or simply enjoy spending time outdoors, you’ll appreciate the sidewalks & open spaces that are perfect for morning jogs, evening strolls, or walking your furry family members. This community offers the perfect blend of recreation, relaxation, and neighborhood charm—giving you more than just a beautiful home, but a lifestyle you’ll love. OWN THIS HOME WITH 0% DOWN-USDA ELIGIBLE-ASK HOW YOU MAY QUALIFY!

At $195/sqft, this home is priced 5% above the Kyle active market average of $186/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

388 Washington Dr, Kyle, TX 78640

Property Details

Price $499,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,560 sqft
Lot Size 0.20 acres (8,799.12 sqft)
Year Built 2024
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Anthem Ph 1-A
County Hays
Zip Code 78640
$/sqft $195/sqft
Days on Market ,
HOA $270/Quarterly
Annual Tax Est. $14,429
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239903462
List Date July 16, 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 · July 16, 2026 $555,000
Current ask $499,990
Reduced $55,010 (-9.9%) 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
288 Smithsonian Ln
Anthem
$499,999 $179 4 bd / 4 ba 2,799 sqft , 2026-05-13
485 Bella Vista Cir
Arroyo Ranch
$500,000 $180 5 bd / 3 ba 2,772 sqft , 2026-05-19
214 Prickly Poppy Loop
6 Creeks
$499,840 $182 4 bd / 3 ba 2,752 sqft , 2026-02-11
248 Prickly Poppy Loop
6 Creeks
$499,840 $184 4 bd / 4 ba 2,713 sqft , 2026-03-04
158 Sumter Way St
Cypress Forest Ph 3 Sec B
$499,000 $180 4 bd / 3 ba 2,773 sqft , 2026-02-06

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
$99,998
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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