— bed, — bath on 5.00 acres in Kyle. Kyle, TX 78640. $825,000. HaysCONSISD.
About This Home
000 Lehman Rd / CR 204 – 5 Acres – UMU Future Land Use – City of Kyle Prime 5-acre tract in one of Kyle’s fastest-growing mixed-use corridors. Currently zoned AG, but the City of Kyle has confirmed Urban Mixed-Use (UMU) on the Future Land Use Map and indicated support for commercial, mixed-use, or higher-density residential rezoning. Located along CR 204 / Lehman Rd with excellent access to I-35, nearby utilities, and within the I-35 Overlay District for enhanced design standards. City water/sewer are in proximity (buyer to verify capacity). Property is level and surveyed (5.00 acres per Hays CAD & 2021 survey). The tract lies in FEMA Flood Zone AE, well-suited for developers planning engineered drainage, open space integration, or phased fill for townhome, multifamily, or live/work concepts. UMU-designated land trades well above standard ag tracts, making this a rare development-path opportunity with city support, strong frontage, and rapid area growth. Ideal for mixed residential, neighborhood commercial, flex, or long-term hold.
Key Features: • 5.00 Acres (Hays CAD & 2021 Survey) • Future Land Use: UMU • Current Zoning: AG • City supports mixed-use/commercial rezoning • Water/sewer nearby; utilities in area • Inside I-35 Overlay District • Flood Zone AE • Strong CR 204 / Lehman Rd frontage • Quick access to I-35, Loop 4, retail & schools • No HOA; low holding costs (2025 assessed value ~$111,216)
This 5-acre tract at 000 Lehman Road in Kyle sits on one of Hays County's most actively rezoning corridors, with the City of Kyle already designating it for Urban Mixed-Use development on its Future Land Use Map. The property occupies a level, fully surveyed parcel in Agricultural zoning, but city planning documents confirm strong municipal support for conversion to mixed-use, commercial, or higher-density residential uses. The tract fronts County Road 204 with direct access to I-35, positioning it within the I-35 Overlay District and placing it minutes from Loop 4 and downtown Kyle's retail and employment centers.
Infrastructure availability makes this holding cost-efficient while development-ready. City water and sewer lines are within proximity, though buyers should independently verify capacity for their intended use. The property sits in FEMA Flood Zone AE, a designation that actually favors engineered drainage solutions and phased development for townhome, multifamily, or live-work projects. Survey-confirmed at exactly 5.00 acres per both Hays County Appraisal District records and the current 2021 survey, the land eliminates title uncertainty and accelerates due diligence for serious developers.
Location works for multiple acquisition strategies. The Lehman Road-CR 204 intersection captures traffic from both sides of I-35, with direct access favoring commercial, flex space, or neighborhood retail. Schools serving the area include Kyle Elementary, Laura B Wallace Middle School, and Lehman High School through the Hays Consolidated Independent School District. For mixed-residential concepts, the property's proximity to these schools and established neighborhoods creates natural market demand.
Development-designated land in this corridor trades significantly above standard agricultural tracts, and UMU zoning with documented city support remains scarce along this growth corridor. Unlike speculative holdings requiring rezoning battles, this property benefits from pre-approved future use planning and municipal backing. The assessed value of approximately $111,216 reflects agricultural holding costs, creating a gap between current assessment and development potential that rewards early-stage acquisition.
For buyers planning a 2 to 5-year hold or active development timeline, the combination of city endorsement, infrastructure proximity, and I-35 visibility creates genuine upside without the risk of rezoning denial. This is a land play with municipal certainty behind it.
The numbers behind this insight
- Offered at
- $825,000
- Listed
- November 24, 2025
- Price changes
- Reduced, down 17.1% from $995,000
- Property Type
- Land
- Lot Size
- 5.00 acres
Listing information last updated April 10, 2026.
Listed by Spyglass Realty
MLS# 8588965 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Irregular Lot
- Public Maintained Road
- Trees-Heavy
- Trees-Small (Under 20 Ft)
- Lot Size
- 5.00 Acres
Financial
- Original List Price
- $995,000
Utilities
- Electricity Available
- Natural Gas Available
- Sewer Available
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 000 Lehman/CR 204, whoever represented it.
- ActiveListed 2025Current price: $825,000Original list: $995,000MLS 8588965
- Price changed · March 5, 2026$825,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $825,000
- Original list
- $995,000
- Price movement
- $170K reduction
- Listed / DOM
- Nov 24, 2025 · 326 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $111,216
- Assessment Year
- 2025
- Parcel ID
- 10-0220-0256-00000-2
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $111,216 | $111,216 | — |
Zoned Schools
HaysCONSISD
Lehman
Laura B Wallace
Kyle
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($165K)
Adjustable assumption - not a lending recommendation.
$825,000
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Keenan Market Position
A sourced read on Kyle pricing, timing, and property scale. No automated valuation claim.
List price
$825,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
326 days
Original to current
$170K reduction
$995K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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