Active Listing  ·  318 days on market

531 Yellowstone Dr

Kyle, TX 78640
$289,000
3 Bed 2 Bath 1,604 sqft $180/sqft Built 2025 0.16 acres 2-Car Garage Pool New Construction Paramount

Upon entry you are greeted by the combined flex space and family room. The flex space allows for either a 4th bedroom, a private study, a formal dining area, a quaint game room, or anything your heart desires. The spacious kitchen/breakfast area and massive family room! On the right side of the home, you are met with the walk-in utility room with access to your two-and-a-half-car garage, along with the second and third bedrooms. Residing in the middle of the two bedrooms is the full secondary bathroom complete with a shower/bathtub enclosure, single vanity, and a linen closet. Facing the large family room is the extensive kitchen and breakfast area boasting sleek granite countertops, flat-panel birch cabinets, industry-leading appliances, and a stainless steel sink with a ceramic tile backsplash. Next to the breakfast/kitchen combination area are two more linen closets, and the entry to your Master bedroom and bathroom with a huge walk-in closet. Retreat to your master bathroom that includes the option of double vanities, a shower/bathtub enclosure, and an additional linen closet. If you want to add an extra flair to your master bathroom, decide to switch out the shower/bathtub enclosure for a luxury bathtub or a master super shower - both including double vanities.

At $180/sqft, this home is priced in line with the Kyle market average of $181/sqft across 566 active listings. View Austin market report →

Location

531 Yellowstone Dr, Kyle, TX 78640

Property Details

Price $289,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,604 sqft
Lot Size 0.16 acres (6,956.53 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Paramount
County Hays
Zip Code 78640
$/sqft $180/sqft
Days on Market ,
HOA $420/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT213756116
List Date December 9, 2025
Elementary School Kyle
Middle School Laura B Wallace
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 · December 9, 2025 $358,190
Previous ask $309,000
Current ask $289,000
▼ Reduced $69,190 (-19.3%) 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
135 Calcite Rd
Mayfield
$287,990 $168 3 bd / 3 ba 1,714 sqft , 2026-10-14
282 Denali Dr
Paramount Sec Three
$290,605 $164 2 bd / 2 ba 1,772 sqft , 2025-11-12
108 Zion Dr
Paramount
$275,440 $206 3 bd / 2 ba 1,335 sqft , 2025-12-09
248 Texas Agate Dr
Waterstone Crossing
$309,990 $210 3 bd / 2 ba 1,477 sqft , 2026-05-22
448 Musgrav St
Post Oak Ph 5B
$310,000 $183 4 bd / 2 ba 1,695 sqft , 2023-08-22

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
$1,387/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
$57,800
20% conventional investment loan

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

Estimated Gross Rent+$1,387
Principal + Interest−$1,577
Property Tax (~2.1% TX avg)−$506
Insurance (~0.5%)−$120
Est. Monthly Cash Flow $-816

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 September 23, 2026.

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