Active Listing  ·  61 days on market

401 Waterleaf Blvd

Kyle, TX 78640
$299,000
3 Bed 3 Bath 2,496 sqft $120/sqft Built 2013 0.16 acres 2-Car Garage Pool Waterleaf Ph A Sec 1

Your new home is prepped and ready for you to move in. Located in the highly desirable Waterleaf neighborhood in Kyle, this 3 bedroom home is open and spacious with new laminate flooring and one year old paint and carpets. It has a huge backyard with a patio the width of the home and its own pergola. There is a large main living area and a flex space right off the entry ideal for a sitting room, home office, or playroom. The primary suite has dual closets for extra convenience. The home features two additional bedrooms and a generous loft that works as an additional living space, game room, or media area. This home works for a primary residence or as an investment property.

At $120/sqft, this home is 35% 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

401 Waterleaf Blvd, Kyle, TX 78640

Property Details

Price $299,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,496 sqft
Lot Size 0.16 acres (7,130.77 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterleaf Ph A Sec 1
County Hays
Zip Code 78640
$/sqft $120/sqft
Days on Market ,
HOA $32/Monthly
Annual Tax Est. $8,298.67
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237543028
List Date June 24, 2026
Elementary School Tobias
Middle School Laura B Wallace
High School Lehman
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.

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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 · June 24, 2026 $309,000
Previous ask $250,000
Current ask $299,000
Reduced $10,000 (-3.2%) 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
460 Waterleaf Blvd
Waterleaf Ph A Sec 1
$298,000 $175 3 bd / 2 ba 1,700 sqft , 2026-06-04
361 Wren Ln
Bunton Creek Reserve Ph 3
$295,000 $145 3 bd / 3 ba 2,041 sqft , 2026-03-13
1188 Grist Mill Rd
Infinity Square
$294,990 $179 3 bd / 2 ba 1,650 sqft , 2026-08-16
181 Cushman Dr
Waterleaf Ph B Sec 4
$289,900 $116 4 bd / 3 ba 2,506 sqft , 2026-04-28
530 Sheep Trail Dr
Waterleaf Ph B Sec 1
$310,000 $173 3 bd / 3 ba 1,796 sqft , 2026-08-20

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 August 11, 2026.

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