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Waterleaf, Kyle TX Real Estate

Waterleaf is a well-established residential neighborhood tucked into Kyle, one of the fastest-growing cities along the I-35 corridor south of Austin. Built out across multiple phases over the years, the community offers traditional and ranch-style homes on modest lots with the kind of settled feel that newer master-planned developments are still working toward. Residents here have easy access to Kyle's expanding retail and dining scene, major employers along the corridor, and the broader Austin metro without paying Austin prices. It sits within the Hays Consolidated ISD, one of the more respected growing school districts in Hays County. Neighborhoods | Schools | Market Overview | Getting Around | Lifestyle | FAQs

$272,000 Median Price
59 Avg Days on Market
12 Active Listings
4.8 Months of Inventory
For Sale For Rent Land Farms & Ranches
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Recent Sales in This Area

3 bed, 3 bath, residential lease at 530 Sheep Trail DR, Kyle TX 78640, Kyle TX Off Market
Sold Feb 2026
3 bd 3 ba 1,796 sqft
530 Sheep Trail DR, Kyle TX 78640 Kyle, TX 78640
3 bed, 3 bath, residential lease at 291 Gina DR, Kyle TX 78640, Kyle TX Off Market
Sold Feb 2026
3 bd 3 ba 2,245 sqft
291 Gina DR, Kyle TX 78640 Kyle, TX 78640
5 bed, 3 bath, residential at 150 Mistletoe LN, Kyle TX 78640, Kyle TX Off Market
Sold Jan 2026
5 bd 3 ba 2,714 sqft
150 Mistletoe LN, Kyle TX 78640 Kyle, TX 78640
4 bed, 2 bath, residential lease at 177 Karrie DR, Kyle TX 78640, Kyle TX Off Market
Sold Jan 2026
4 bd 2 ba 1,359 sqft
177 Karrie DR, Kyle TX 78640 Kyle, TX 78640
3 bed, 2 bath, residential lease at 330 New Bridge DR, Kyle TX 78640, Kyle TX Off Market
Sold Dec 2025
3 bd 2 ba 1,584 sqft
330 New Bridge DR, Kyle TX 78640 Kyle, TX 78640

About Waterleaf, Kyle TX Real Estate

Neighborhoods & Subdivisions in Waterleaf

Waterleaf was developed in phases across two main sections, Phase A and Phase B, each divided into several sub-sections. This phased approach means the community has a varied mix of home ages and floor plans. Waterleaf Ph A Sec 1 and Waterleaf Ph A Sec 4 represent some of the more established sections, while Waterleaf Ph B Sec 1, Ph B Sec 3a, Ph B Sec 3B, Ph B Sec 4, and Ph B Sec 5 round out the broader neighborhood. Buyers looking for a specific floor plan or lot configuration will find it worth exploring across sections, as the street character and home styles can differ meaningfully from one phase to the next.

Most homes in Waterleaf are three and four-bedroom single-family residences on typical suburban lots. The scale is approachable rather than sprawling, which makes the neighborhood feel cohesive. Homes are primarily traditional and ranch-style construction, consistent with what Kyle saw during its major growth periods over the past two decades.

Schools in Waterleaf

Waterleaf falls within the Hays Consolidated Independent School District, which serves the Kyle and Buda corridor and has built a solid reputation as the region has grown. Elementary-age students in the area attend Hemphill Elementary, Susie Fuentes Elementary, or Tobias Elementary depending on their specific address within the neighborhood. Middle schoolers are zoned to Armando Chapa Middle School, D.J. Red Simon Middle School, or Laura B. Wallace Middle School. All paths lead to Lehman High School, which has grown into a full-service campus with a wide range of athletics, fine arts, and academic programs serving Kyle's south side.

Hays CISD has invested heavily in facilities and staffing as the district's enrollment has surged. For buyers prioritizing school quality within an affordable price range, this district consistently offers strong value relative to what you would find in higher-priced districts closer to Austin.

Real Estate Market Overview

Waterleaf occupies a practical segment of the Austin area homes for sale market, offering single-family residential options at prices well below what buyers typically encounter in Travis County or the western suburbs. The neighborhood attracts buyers who want a real house with a yard in an established community without stretching into territory that requires compromises elsewhere in the budget. There is also a healthy rental presence in the community, which speaks to ongoing demand from people relocating to Kyle for work or seeking proximity to Austin at a manageable cost.

Because Waterleaf is a built-out neighborhood with no active new construction, the inventory here consists entirely of resale homes. That means buyers are dealing with established sellers rather than builder sales teams, and the market moves at a pace that reflects broader Kyle and Hays County conditions. Homes in the three-bedroom range see consistent activity, and the four-bedroom options offer solid square footage for the price point.

Getting Around Waterleaf

Kyle sits along Interstate 35, which is both its greatest asset and its most predictable frustration. For anyone commuting north toward Austin, the drive ranges from manageable in off-peak hours to a patience-testing exercise during the morning and afternoon rush. Downtown Austin is roughly 25 to 30 miles from Kyle, putting it in the 35 to 50 minute range depending on traffic and time of day. For commuters heading toward San Marcos or New Braunfels, I-35 southbound is considerably more forgiving.

Kyle has also seen meaningful investment in local amenities that reduce the need to leave town for daily errands. Plum Creek Town Center, Sprouts, H-E-B, and a growing stretch of dining and service businesses along Kyle Parkway mean residents can handle most of daily life within a few miles. The Hays County seat in San Marcos is a quick 15-minute drive south, and the Austin-Bergstrom International Airport is accessible in under 45 minutes depending on traffic.

Life in Waterleaf and Kyle

Kyle has transitioned from a small corridor town into a genuine city with its own identity and amenities. Waterleaf residents benefit from that growth without being in the middle of the construction zones that still characterize Kyle's northern and western edges. The neighborhood has the settled feel of a place where people have put down roots, with mature trees, established landscaping, and streets that have been lived in.

Plum Creek Golf Course sits within Kyle and draws locals who want to play without driving to Cedar Park or Pflugerville. Seton Medical Center Hays and Ascension Seton Hays provide healthcare close to home, which matters for those making long-term location decisions. The broader Kyle park system includes Gregg-Clarke Park and various green spaces along Plum Creek that give the city a surprisingly pleasant outdoor profile for its size.

Buyers considering Waterleaf often look at the broader Kyle market as context. The city's growth has brought improved retail, dining, and infrastructure, and Waterleaf sits in the more established central and southern portions of town where the community character is already defined rather than still taking shape.

Work With Neuhaus Realty Group in Waterleaf

Neuhaus Realty Group works throughout the Kyle and Hays County market and understands how the different phases and sections of Waterleaf compare, what the resale dynamics look like, and how to position buyers competitively. If you are selling, we know what buyers in this price range are prioritizing and how to present your home accordingly. Reach out to start a conversation about Waterleaf and the surrounding Kyle market.

Frequently Asked Questions

What school district serves Waterleaf in Kyle?
Waterleaf is served by the Hays Consolidated Independent School District. Depending on the specific address, elementary students attend Hemphill, Susie Fuentes, or Tobias Elementary. Middle school options include Armando Chapa, D.J. Red Simon, and Laura B. Wallace. All students feed into Lehman High School for grades 9 through 12.
How far is Waterleaf from downtown Austin?
Waterleaf is located in Kyle, which sits roughly 25 to 30 miles south of downtown Austin along I-35. In light traffic the drive runs about 35 minutes, though peak-hour commutes heading north can stretch considerably longer. Many residents working in South Austin or along the South Lamar and Slaughter Lane corridors find the commute entirely manageable.
Are there HOA fees in Waterleaf?
Waterleaf does have a homeowners association, and fees vary by section and phase. Buyers should request current HOA documentation during the option period to review dues, rules, and any special assessments. Generally speaking, HOA fees in Waterleaf are modest compared to newer master-planned communities in the Austin metro.
What are property taxes like in Waterleaf?
Waterleaf falls in Hays County, where effective property tax rates typically run in the 1.7 to 2.0 percent range of assessed value. Buyers should factor in Hays CISD's tax rate as the largest component of the overall bill. Texas has no state income tax, so property taxes carry more of the local funding burden than in many other states.
Is Waterleaf a good area for rentals?
Waterleaf has an active rental market, with a meaningful share of properties occupied by tenants rather than owners. The neighborhood's price point and location along the I-35 corridor make it attractive to people relocating to Kyle for work or transitioning before purchasing. Investors looking for single-family rentals in Kyle frequently look at Waterleaf given its established character and consistent demand.
What types of homes are available in Waterleaf?
Waterleaf is made up primarily of three and four-bedroom single-family homes in traditional and ranch-style construction. Homes average in the 1,700 to 1,900 square foot range on modest suburban lots. Because the neighborhood is fully built out with no new construction, all available homes are resale properties across the various Phase A and Phase B sections.
How does Waterleaf compare to other Kyle neighborhoods?
Waterleaf is one of the more established residential communities in Kyle, which sets it apart from the newer developments on the city's edges that are still being built out. The trade-off is that homes are older and lots are smaller than what buyers find in communities like Plum Creek, but the settled character and central location appeal to buyers who want a complete neighborhood rather than one that is still taking shape. Nearby options in Kyle span a range of price points and community types.
Is there new construction available in Waterleaf?
No, Waterleaf is a fully built-out community with no active new construction. Buyers looking for new builds will need to look at other Kyle neighborhoods or consider communities in the broader Hays County market. Waterleaf's inventory consists entirely of resale homes across its Phase A and Phase B sections.
Ed Neuhaus, Austin Realtor

Ed Neuhaus

Broker / Owner, Neuhaus Realty Group · TREC #593057

Licensed Texas Realtor since 2007 serving Austin and the Hill Country. Investor, STR operator, and straight-talking advisor for buyers, sellers, and investors. 16 five-star reviews.

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Listing data provided by ACTRIS MLS. Information deemed reliable but not guaranteed. © 2026 Austin Central Texas Realty Information Service.

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