Active Listing  ·  18 days on market

450 Mountain Pea Rd

Kyle, TX 78640
$284,960
3 Bed 2 Bath 1,489 sqft $191/sqft Built 2026 0.15 acres 2-Car Garage Pool New Construction SOUTHGROVE

Take a look at the Caroline floorplan at Southgrove in Kyle, TX. This single-story home occupies 1,489 square feet, 3 bedrooms, 2 bathrooms, and a 2-car garage. This floorplan has 4 exterior elevations to choose from including contemporary and traditional styles.

As you enter into the long foyer you walk into the spacious kitchen overlooking the dining area and family room. The kitchen features quartz or Silestone® countertops, stainless steel appliances, recessed lighting, and a kitchen island. The private main bedroom, bedroom 1, is located off the family room and includes a huge walk-in closet and walk-in shower. The two secondary bedrooms include carpeted flooring and a closet in each.

This home comes included with a professionally designed landscape package and an irrigation system at the front and sides of the home as well as our America's Smart Home® package that offers devices such as the Qolsys IQ Panel, Video Doorbell, Alarm.com app, Honeywell Thermostat Kwikset Smart lock, and more.

Images are representative of plan and may vary as built. Contact us today and find your home at Southgrove.

At $191/sqft, this home is priced in line with the Kyle market average of $186/sqft across 566 active listings. View Austin market report →

Location

450 Mountain Pea Rd, Kyle, TX 78640

Property Details

Price $284,960
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,489 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision SOUTHGROVE
County Hays
Zip Code 78640
$/sqft $191/sqft
Days on Market ,
HOA $40/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT240266771
List Date July 17, 2026
Elementary School Camino Real
Middle School McCormick
High School Johnson High School
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 17, 2026 $294,960
Current ask $284,960
Reduced $10,000 (-3.4%) 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
370 Holly Grove St
Waterleaf Ph A Sec 1
$285,000 $150 3 bd / 3 ba 1,900 sqft , 2026-02-07
531 Goldenrod St
Prairie On Creek Sec 3b
$285,000 $152 4 bd / 2 ba 1,870 sqft , 2026-06-25
203 Balmorehea St
TALAVERA
$284,500 $220 3 bd / 2 ba 1,291 sqft , 2026-06-03
448 Nottingham Loop
Kensington Trails Sec 3B
$285,900 $208 3 bd / 2 ba 1,376 sqft , 2026-05-12
124 Greenbelt Reservoir Pass
Talavera Ph 1
$284,000 $167 3 bd / 3 ba 1,701 sqft , 2026-02-12

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
$1,368/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
$56,992
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (~2.1% TX avg)−$499
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-805

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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