Active Listing  ·  52 days on market

592 Alamito Ave

Kyle, TX 78640
$264,499
3 Bed 2 Bath 1,640 sqft $161/sqft Built 2024 0.10 acres 2-Car Garage Pool Waterstone

The Carmel - This new single-level home provides ample space to live and grow. An open-concept floorplan combines the kitchen, dining area and family room, with convenient access to a covered patio for seamless entertaining and relaxation. Two secondary bedrooms can be found off the foyer, and the luxe owner’s suite is tucked away into a private corner at the back of the home, offering direct access to an en-suite bathroom and roomy walk-in closet. Photos are for illustrative purposes only. Estimated Completion Decembers 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $161/sqft, this home is 11% 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

592 Alamito Ave, Kyle, TX 78640

Property Details

Price $264,499
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,640 sqft
Lot Size 0.10 acres (4,356 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Waterstone
County Hays
Zip Code 78640
$/sqft $161/sqft
Days on Market ,
HOA $60/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245419990
List Date September 1, 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.

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 · September 1, 2026 $287,499
Previous ask $266,999
Current ask $264,499
▼ Reduced $23,000 (-8.0%) 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
573 Alamito Ave
Waterstone
$269,999 $142 3 bd / 2 ba 1,896 sqft , 2026-09-09
1428 Star Mdw
Woodlands Park Ph 2
$272,000 $155 4 bd / 2 ba 1,754 sqft , 2026-10-01
1326 Star Mdw
Woodlands Park Ph 2
$275,000 $148 3 bd / 2 ba 1,854 sqft , 2026-09-29
183 Seabreeze St
Waterstone
$275,999 $134 4 bd / 2 ba 2,060 sqft , 2026-07-13
152 Avre Loop
Waterstone
$249,999 $133 4 bd / 3 ba 1,879 sqft , 2026-06-23

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
$1,270/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
$52,900
20% conventional investment loan

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

Estimated Gross Rent+$1,270
Principal + Interest−$1,443
Property Tax (~2.1% TX avg)−$463
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-746

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

Loading…
View All Luxury Homes →
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 October 21, 2026.

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