Active Listing  ·  4 days on market

530 Sheep Trail Dr

Kyle, TX 78640
$310,000
3 Bed 3 Bath 1,796 sqft $173/sqft Built 2005 0.15 acres 2-Car Garage Pool Waterleaf Ph B Sec 1

Welcome home to this spacious two story gem in the desirable Waterleaf community. Featuring 3 bedrooms, 2 and a half baths, and an open floor plan with nearly 1,800 square feet, this home offers comfort and functionality for

everyday living. Enjoy a bright and inviting living space with high ceilings, recessed lighting, and a seamless flow from the kitchen to the living area. The kitchen includes an electric range, refrigerator, dishwasher, and ample counter space for meal prep and entertaining. Upstairs, the primary suite offers a walk in closet and private bath, while the secondary bedrooms provide generous space for family or guests. Relax in the private backyard or unwind on the rear porch after a long day. The Waterleaf community offers fantastic amenities including parks, playgrounds, a swimming pool, sport courts, sidewalks, and beautifully maintained common areas, perfect for enjoying the outdoors without leaving the neighborhood. Located just minutes from shopping, dining, and schools within Hays CISD, this home also offers easy access to I 35 for a quick commute to Austin or San Marcos. Do not miss your opportunity to own this beautiful home in one of the area's most sought after communities.

At $173/sqft, this home is 7% 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

530 Sheep Trail Dr, Kyle, TX 78640

Property Details

Price $310,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,796 sqft
Lot Size 0.15 acres (6,468.66 sqft)
Year Built 2005
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterleaf Ph B Sec 1
County Hays
Zip Code 78640
$/sqft $173/sqft
Days on Market ,
HOA $33/Monthly
Annual Tax Est. $7,581.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244084589
List Date August 20, 2026
Elementary School Tobias
Middle School D J Red Simon
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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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
170 Silver Glen Dr
Cool Spgs Ph Ii
$316,000 $162 3 bd / 3 ba 1,956 sqft , 2026-07-10
191 Oriole St
Infinity Square
$319,990 $206 4 bd / 2 ba 1,550 sqft , 2025-10-15
185 Silver Springs Bnd
Cool Spgs Ph Ii
$320,000 $167 3 bd / 2 ba 1,914 sqft , 2026-06-23
325 Granary Dr
HARVEST CREEK
$320,000 $178 4 bd / 2 ba 1,797 sqft , 2026-08-20
460 Waterleaf Blvd
Waterleaf Ph A Sec 1
$298,000 $175 3 bd / 2 ba 1,700 sqft , 2026-06-04

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
$1,488/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
$62,000
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (~2.1% TX avg)−$543
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-876

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

More Luxury Homes in Kyle

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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 21, 2026.

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