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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)
Property Type
Land
Lot Size
5.00 acres
Listed by Spyglass Realty
Verified property facts
000 Lehman/CR 204 is listed at $825,000 with 0 bedrooms, 5.00-acre lot. This places it above the 78640 median of $425,000.
000 Lehman/CR 204 is zoned for HaysCONSISD with assigned schools: Kyle (6/10) (elementary), Laura B Wallace (6/10) (middle), Lehman (6/10) (high). School assignments should be verified directly with the district.
000 Lehman/CR 204 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($165,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 000 Lehman/CR 204 is around $5,793 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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Property Details
Features
Lot Features
Fencing
Listing timeline with current price, original ask, and market time.
HaysCONSISD
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. Ratings from GreatSchools.org.
20% ($165K)
$825,000
Luxury property intelligence
A sourced read on Abstracts In Hays Isd-2abs pricing, timing, and property scale. No automated valuation claim.
List price
$825,000
Price per sqft
Not available
Vs. Abstracts In Hays Isd-2abs median
Not available
Days on market
188 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 May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $825,000, 000 Lehman/CR 204 is in the Abstracts In Hays Isd-2abs market where there are currently 528 active listings in 78640. The Keenan Group has completed 6 transactions in 78640 as part of 1,000+ career sales totaling $1B+ across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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