Market Overview for Waterstone
There are 17 active listings in Waterstone with a median list price of $256K and a median sold price of $294K.
Homes average 41 days on market.
Over the past 30 days, 9 homes have sold, with 108 sales in the past 12 months.
The average price per square foot is $160.
About Waterstone
Waterstone is a master-planned community on the east side of the city of Kyle, Hays County, Texas, along Bunton Lane and Kohler's Crossing, about 25 miles south of downtown Austin via Interstate 35 and roughly 8 miles north of San Marcos. The community is anchored by a central amenity package and is built by Lennar Homes and Meritage Homes, with sections that include Waterstone Crossing (Meritage Homes) and Waterstone Village, a townhome section. Active new construction phases were underway during the 2024–2025 build cycle.
Home configurations at Waterstone are weighted toward production new-build floor plans typically ranging from about 1,225 to 2,500 square feet across three- to five-bedroom designs, on conventional suburban lots with attached garages. The community includes an internal trail and sidewalk network connecting residential streets to the central amenity area, and the neighborhood is governed by an HOA with architectural standards and mandatory common-area assessments.
Waterstone is served by the Hays Consolidated Independent School District, which enrolled 25,049 students across 28 campuses in 2026. Within Hays CISD, Waterstone-zoned campuses include Hemphill Elementary, Laura B. Wallace Middle School, and Jack C. Hays High School, according to builder assignment information for the community. Kyle reached 45,697 residents in the 2020 Census and has continued to be one of the faster-growing cities in the Austin metro, with Waterstone representing a significant share of recent new-construction housing on Kyle's east side.
Living in Waterstone
Daily life in Waterstone centers on the internal trails, the community pool and clubhouse, and adjacent parks, plus easy access to I-35 and SH-45 for commuting. Community amenities include a swimming pool, clubhouse with fitness center, a community pond, playgrounds, basketball and pickleball courts, and the walkable trail network.
Groceries, retail, and dining are concentrated along Kyle Crossing and the I-35 corridor. Kyle Marketplace with its H-E-B Plus grocery anchor, national retailers, and restaurants is a short drive west. Downtown Kyle and City Square Park are about 10 minutes from Waterstone, and the San Marcos outlets and Texas State University are roughly 8 to 12 miles south on I-35.
Commuting is defined by I-35 and the nearby SH-45 / SH-130 connections. Downtown Austin is approximately 25 miles north, typically 30 to 45 minutes outside rush hour. Tesla Gigafactory Texas in eastern Travis County is reachable in about 30 to 40 minutes via SH-45 and SH-130, making Waterstone a common choice for employees at east-side employers. San Marcos and Texas State University are 15 to 25 minutes south.
