Active Listing  ·  104 days on market

396 Gunnison Way

Kyle, TX 78640
$399,000
3 Bed 2 Bath 2,220 sqft $180/sqft Built 2018 0.17 acres 2.5-Car Garage Pool Cypress Forest Ph Two

Welcome to 396 Gunnison Way, A pristine one-story home in the desirable Cypress Forest community of West Kyle, offering three bedrooms plus a dedicated office or flexible bonus room. Thoughtfully upgraded with designer finishes throughout, this home is truly better than new, featuring an expanded back deck, beautifully landscaped backyard, stylish lighting, and custom accent walls. A whimsical exterior with a modern farmhouse design and colorful landscaping welcomes you inside, where soaring 12-foot ceilings, a grand entry with recessed ceiling details, and an open-concept layout create a bright and inviting living space. The kitchen is well designed with a generous center island, warm wood cabinetry, timeless white speckled countertops, stainless steel appliances, a gas cooktop, and built-in oven and microwave. An additional dedicated office offers a stylish and versatile space for working from home, guests, or a second living area. A convenient mudroom and spacious laundry room with built-in cabinetry, plus water softener system added in 2024, add everyday functionality. Outside, enjoy a covered patio and extended deck with built-in seating overlooking the private, landscaped backyard beneath the shade of a mature tree. Owning in Cypress Forest is an attractive opportunity for value-conscious buyers, with the advantage of avoiding the additional annual PID assessments found in some neighboring communities, while still enjoying the desirable location. Community amenities include a community pool, playground, and gazebo, all within 10 minutes of Five Mile Dam Park, H-E-B, shopping, dining, and other everyday conveniences.

At $180/sqft, this home is priced in line with the Kyle market average of $181/sqft across 539 active listings. View Austin market report →

Location

396 Gunnison Way, Kyle, TX 78640

Property Details

Price $399,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,220 sqft
Lot Size 0.17 acres (7,592.51 sqft)
Year Built 2018
Garage 2.5 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cypress Forest Ph Two
County Hays
Zip Code 78640
$/sqft $180/sqft
Days on Market ,
HOA $180/Quarterly
Annual Tax Est. $11,866.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241790096
List Date July 31, 2026
Elementary School Laura B Negley
Middle School R C Barton
High School Jack C Hays
School District HaysCONSISD

HaysCONSISD

Laura B Negley · R C Barton · Jack C Hays

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 · July 31, 2026 $415,000
Previous ask $405,000
Current ask $399,000
▼ Reduced $16,000 (-3.9%) 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
245 Brooks Ranch Dr
Brooks Ranch
$400,000 $136 4 bd / 4 ba 2,932 sqft , 2026-04-03
265 Fawn River Run
6 Creeks Ph 1 Sec 4B
$400,000 $158 4 bd / 3 ba 2,529 sqft , 2026-08-20
172 Mistflower Ln
Hometown Kyle Ph 4 Sec 1
$397,900 $153 4 bd / 3 ba 2,593 sqft , 2026-09-15
170 Corral Cv
Brooks Ranch Ph 2
$395,000 $168 4 bd / 3 ba 2,352 sqft , 2026-11-05
461 Coyote Creek Way
6 Creeks Ph 1 Sec 1
$390,000 $187 4 bd / 3 ba 2,082 sqft , 2026-09-16

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (assumed ~2.1%)−$698
Insurance (assumed ~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 · 41 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. The written content was last updated on October 26, 2026.

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

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