Active Listing  ·  78 days on market

817 Petras Way

Kyle, TX 78640
$225,000
3 Bed 2 Bath 1,216 sqft $185/sqft Built 2011 1.19 acres Pool Kai Vista Estate Sec 2

Situated on 1.19 fully fenced acres, 817 Petras Way offers an increasingly hard-to-find combination of space, privacy, and convenient access within the growing Kyle/Buda corridor. The property features a mix of open areas and mature trees, providing plenty of room to enjoy the outdoors while remaining within easy reach of Kyle, Buda, San Marcos, and the greater South Austin area.?The property includes a 2011 Palm Harbor manufactured home with 3 bedrooms, 2 baths, and approximately 1,216 square feet. The home offers an opportunity for a buyer to make repairs and updates over time. Public water, septic, and a gated entrance are already in place.?With no HOA and more than an acre of land, the real standout here is the lot itself. As residential growth continues throughout the surrounding corridor, properties offering this much space and flexibility are becoming increasingly difficult to find. Whether the goal is simply more room to spread out, additional outdoor space, or the opportunity to own a larger residential parcel while staying connected to nearby communities, 817 Petras Way offers a compelling combination of acreage, accessibility, and value.

At $185/sqft, this home is priced in line with the Kyle market average of $181/sqft across 539 active listings. View Austin market report →

Location

817 Petras Way, Kyle, TX 78640

Property Details

Price $225,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,216 sqft
Lot Size 1.19 acres (51,836.4 sqft)
Year Built 2011
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Kai Vista Estate Sec 2
County Hays
Zip Code 78640
$/sqft $185/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,409.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243397860
List Date August 26, 2026
Elementary School Camino Real
Middle School McCormick
High School Johnson High School
School District HaysCONSISD

HaysCONSISD

Camino Real · McCormick · Johnson High School

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
227 Bardwell Way
Prairie Lakes
$253,000 $162 3 bd / 3 ba 1,565 sqft , 2026-07-07
177 Childress St
PRAIRIE LAKES
$255,990 $179 3 bd / 2 ba 1,434 sqft , 2026-08-18
107 Appaloosa Dr
Appaloosa Acres
$300,000 $206 3 bd / 2 ba 1,456 sqft , 2026-06-03

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
$1,080/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
$45,000
20% conventional investment loan

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

Estimated Gross Rent+$1,080
Principal + Interest−$1,228
Property Tax (assumed ~2.1%)−$394
Insurance (assumed ~0.5%)−$94
Est. Monthly Cash Flow $-636

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 · 41 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. The written content was last updated on October 13, 2026.

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

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