About This Home

Huge Oversized Homesite w/ No Neighbors in the back!! December Closing. This Home will be the Conchos plan by Milestone. This 4 bed/ 3.5 bath welcomes you and your guests with 20ft ceilings and open railings with a view from the top floor. This plan comes with a Game room and a Media room providing the best entertaining experience for family and friends. Come take a look at this home before it’s too late!

At $164/sqft, this home is 9% 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

655 Elephant Island Loop, Kyle, TX 78640

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Property Details

Price $411,953

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 2,512 sqft

Lot Size 0.17 acres (7,405.2 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Crosswinds

County Hays

Zip Code 78640

$/sqft $164/sqft

Days on Market ,

HOA $48/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249651647

List Date October 12, 2026

Elementary School Ralph Pfluger

Middle School Armando Chapa

High School Lehman

School District ,

Have Questions About This Property?

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

258 Reef Band Dr
Crosswinds $409,900 $172 4 bd / 4 ba 2,379 sqft , 2026-06-26

167 Dogvane Cir
Crosswinds $415,000 $147 5 bd / 3 ba 2,820 sqft , 2026-08-07

565 Apache Plum Dr
Trails At Windy Hill Ph 3 $415,000 $153 5 bd / 3 ba 2,716 sqft , 2026-09-30

136 Tailwind Dr
Crosswinds Ph One $399,999 $142 5 bd / 3 ba 2,822 sqft , 2026-06-06

188 Nautical Loop
Crosswinds Ph One $399,989 $175 4 bd / 3 ba 2,287 sqft , 2026-07-23

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

$1,977/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

$82,391

20% conventional investment loan

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

Estimated Gross Rent+$1,977

Principal + Interest−$2,248

Property Tax (~2.1% TX avg)−$721

Insurance (~0.5%)−$172

Est. Monthly Cash Flow $-1,164

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 →

About the Author

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 13, 2026.

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

655 Elephant Island Loop

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

655 Elephant Island Loop

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Kyle, TX

More Luxury Homes in Kyle

Explore Austin Real Estate