Market Overview for Waterstone
There are 48 active listings in Waterstone with a median list price of $305K and a median sold price of $290K.
Homes average 45 days on market.
Over the past 30 days, 26 homes have sold, with 124 sales in the past 12 months.
The average price per square foot is $146.
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.
Waterstone is zoned to Hays CISD, which operates 16 elementary schools, 6 middle schools, and 4 high schools across Kyle, Buda, and surrounding Hays County. Builder documentation places the community in the Hemphill Elementary, Laura B. Wallace Middle School, and Jack C. Hays High School attendance areas, though prospective buyers should confirm current address-specific assignments with Hays CISD.
Things to Do in Waterstone
- Use Waterstone's pool and amenity center: Waterstone's community amenity area includes a swimming pool, clubhouse with fitness center, community pond, playgrounds, and basketball and pickleball courts, all connected by interior sidewalks and trails.
- Shop at Kyle Marketplace and Kyle Crossing: Kyle Marketplace is the primary commercial center in Kyle, featuring H-E-B Plus, national retailers, and restaurants, located a short drive from Waterstone along the I-35 corridor.
- Visit Lake Kyle Park: Lake Kyle Park is a City of Kyle park with a small lake, walking trails, fishing access, a playground, and open recreation areas, within a short drive of Waterstone.
- Float the San Marcos River: The San Marcos River, about 8 to 12 miles south of Waterstone, is a spring-fed river popular for tubing, kayaking, and swimming. Rio Vista Park and Sewell Park in downtown San Marcos provide public access.
- Shop the San Marcos Premium Outlets: The San Marcos Premium Outlets and Tanger Outlets are together one of the largest outlet shopping destinations in Texas, located along I-35 south of Kyle, a short drive from Waterstone.
- Explore McKinney Falls State Park: McKinney Falls State Park in southeast Austin is a 744-acre Texas Parks and Wildlife park on Onion Creek, offering two waterfalls, hiking and biking trails, 81 campsites, and six cabins. It is reachable from Waterstone via SH-45 to US-183 in about 25 to 35 minutes.
Major Employers in Waterstone
- Hays CISD (Education): Hays Consolidated ISD enrolled 25,049 students across 28 campuses in 2026 and is one of Kyle's largest employers, staffing elementary, middle, and high schools across Kyle, Buda, and surrounding Hays County.
- Seton Medical Center Hays (Healthcare): An Ascension Seton full-service hospital along I-35 in Kyle, serving as a major healthcare employer for south Hays County.
- Tesla Gigafactory Texas (Automotive manufacturing): Tesla Gigafactory Texas in eastern Travis County is reachable from Waterstone via SH-45 and SH-130 in about 30 to 40 minutes, and is a significant regional employment driver.
- Texas State University (Higher education): Texas State University in San Marcos is approximately 8 to 12 miles south of Waterstone via I-35 and is one of the largest public universities in Texas.
- City of Kyle (Government): Kyle's municipal government, police, fire, parks, and utility departments provide a significant local employment base. Kyle reached 45,697 residents in the 2020 Census and has continued to expand.
Waterstone Schools
Waterstone is zoned to Hays Consolidated Independent School District, which enrolled 25,049 students across 28 campuses in 2026. Builder documentation places Waterstone in the Hemphill Elementary, Laura B. Wallace Middle School, and Jack C. Hays High School attendance areas. Prospective buyers should confirm address-specific assignments with Hays CISD.
School District: Hays CISD
Public Schools
Higher Education
- Austin Community College - Hays Campus - ACC's Hays Campus is located at Plum Creek in Kyle, a short drive from Waterstone, offering general education, workforce, and transfer programs.
- Texas State University - A large public research university in San Marcos, approximately 8 to 12 miles south of Waterstone via I-35.
Frequently Asked Questions
Where is Waterstone located in Kyle?
Waterstone is a master-planned community on the east side of Kyle, Hays County, along Bunton Lane and Kohler's Crossing, about 25 miles south of downtown Austin via I-35 and roughly 8 miles north of San Marcos. It is adjacent to the SH-45 and I-35 corridors.
Which builders have homes in Waterstone?
Waterstone is primarily built by Lennar Homes and Meritage Homes. Sections include Waterstone Crossing (Meritage Homes) and Waterstone Village, a townhome section. Home floor plans typically range from about 1,225 to 2,500 square feet with three- to five-bedroom configurations.
What school district serves Waterstone?
Waterstone is zoned to Hays Consolidated Independent School District (Hays CISD), which enrolled 25,049 students across 28 campuses in 2026. Builder documentation places Waterstone in the Hemphill Elementary, Laura B. Wallace Middle School, and Jack C. Hays High School attendance areas, though specific assignments should be confirmed with Hays CISD at the time of purchase.
What amenities does Waterstone have?
Waterstone's community amenity package includes a swimming pool, clubhouse with a fitness center, a community pond, playgrounds, basketball and pickleball courts, and an interior trail and sidewalk network. The community is governed by a homeowners association.
How far is Waterstone from Austin and San Marcos?
Waterstone is about 25 miles south of downtown Austin via I-35, typically 30 to 45 minutes outside rush hour. San Marcos and Texas State University are approximately 8 to 12 miles south on I-35. Tesla Gigafactory Texas is reachable via SH-45 and SH-130 in roughly 30 to 40 minutes.
