Active Listing  ·  14 days on market

573 Alamito Ave

Kyle, TX 78640
$290,999
3 Bed 2 Bath 1,896 sqft $153/sqft Built 2026 0.10 acres 2-Car Garage Pool Waterstone

The Siesta - This new home features a modern and low-maintenance design contained to a single level. Off the foyer are two secondary bedrooms and a convenient study, providing a secluded place to focus on important tasks throughout the week. The kitchen, dining room and family room share an open-concept floorplan, with a nearby covered patio ready for outdoor entertainment and leisure. The owner’s suite is nestled into a private corner at the back of the home. Photos are for illustrative purposes only. Estimated Completion November 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $153/sqft, this home is 15% below the Kyle active market average of $181/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

573 Alamito Ave, Kyle, TX 78640

Property Details

Price $290,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,896 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterstone
County Hays
Zip Code 78640
$/sqft $153/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246287829
List Date September 9, 2026
Elementary School Hemphill
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.

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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 · September 9, 2026 $310,999
Previous ask $300,999
Current ask $290,999
Reduced $20,000 (-6.4%) 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
361 Sormonne Loop
Waterstone
$290,999 $124 4 bd / 3 ba 2,344 sqft , 2026-08-05
401 Sormonne Loop
Waterstone
$291,999 $125 4 bd / 3 ba 2,344 sqft , 2026-06-16
401 Waterleaf Blvd
Waterleaf Ph A Sec 1
$289,990 $116 3 bd / 3 ba 2,496 sqft , 2026-06-24
407 Avre Loop
Waterstone
$289,000 $176 3 bd / 2 ba 1,645 sqft , 2026-08-28
344 Matthews Ln
Waterleaf Ph A Sec 3B
$284,990 $143 3 bd / 3 ba 1,991 sqft , 2026-09-17

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
$1,397/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
$58,200
20% conventional investment loan

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

Estimated Gross Rent+$1,397
Principal + Interest−$1,588
Property Tax (~2.1% TX avg)−$509
Insurance (~0.5%)−$121
Est. Monthly Cash Flow $-821

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 September 22, 2026.

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