Waterleaf Neighborhood Guide

Waterleaf is a master planned community built by KB Homes from 2003 – 2015. Waterleaf is one of the few Kyle communities packed full of amenities. Residents enjoy things like community park, swimming pool, playground, volleyball courts, basketball courts and a covered pavilion. Just outside the neighborhood, you’ll also find a 20 acre public park with soccer fields and basketball courts, hiking trails and kids’ playground. Those looking for plenty to do within a short distance from their homes in Kyle, should consider Waterleaf. Scroll Down to Read our Waterleaf Neighborhood Guide.

Waterleaf Homes for Sale

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Where Is the Waterleaf Community Pool?

Waterleaf has a community swimming pool at 330 Sheep Trail Dr in Kyle, Texas.

Waterleaf Neighborhood Map

Waterleaf is located just northwest of the intersection of FM 150 and Heidenreich Lane and can be accessed from FM 150 at Waterleaf Blvd. Waterleaf is shaded in blue on the map below. Explore other Kyle neighborhoods in our Kyle Neighborhood Guide. Scroll down to continue reading our Waterleaf neighborhood guide.

Waterleaf Property Tax Rate

The property tax rate in Kyle’s Waterleaf neighborhood is 2.4467% as of the 2025 tax year, up from 2.2554% as of the 2024 tax year. It was 2.234% as of the 2023 tax year, down from 2.4338% as of the 2022 tax year. The property tax rate was 2.5589% as of the 2021 tax year.

Waterleaf HOA Dues

Waterleaf Falls (Kyle) Homeowners’ Association, Inc.

$32 / monthly

Dues shown as reported and deemed reliable but not guaranteed. HOA fees, special assessments, and terms can change at any time. Buyers should confirm current dues directly with the HOA or management company before making an offer.

Waterleaf Deed Restrictions

Waterleaf homes are governed by the recorded Declaration of Covenants, Conditions and Restrictions for Waterleaf Subdivision (Hays County, 2003, Document 03026210). Waterleaf is inside the City of Kyle. Recorded supplements apply the Declaration to Phase A Sections 1, 2, 3A and 3B and Phase B Sections 1 through 5, and a 2010 amendment updated the storage building rules. We did not find a recorded annexation for Phase A Sections 4, 5A and 5B, so confirm with your title company which documents apply to a lot in those sections. Waterleaf Falls (Kyle) Homeowners’ Association enforces the rules, and an Architectural Control Committee reviews exterior changes. The rules below come from the recorded documents.

Home and Lot Rules

• Use: One detached single-family home per lot, up to two and one-half stories. No business use, though quiet in-home activities such as tutoring or art lessons are allowed if they do not add cars on the street.
• Occupancy: The Declaration limits each home to one family related by blood, adoption or marriage, or no more than two unrelated people living together as a single housekeeping unit. That is what the recorded restriction says.
• Home size: At least 1,000 square feet of air-conditioned living area, or the City of Kyle minimum if that is larger. Porches, garages, patios and detached buildings do not count.
• Exterior materials: The City-required minimum share of brick, brick veneer, stucco, cementitious siding, stone, stone veneer or other approved masonry on exterior wall area.
• Garage and driveway: An enclosed garage for at least one standard car that matches the home. Driveways are concrete or a similar approved surface.
• Lots: Lots may not be subdivided into smaller lots.
• Windows: Aluminum (anodized or baked-on painted) or wood frames, with no mill finish on the front of the home. No burglar bars on the outside of the home.
• Landscaping: Landscaping, including a grassed front yard, is finished within 60 days after the home is completed. Owners keep the home, lawn and trees in good repair.
• Fences: Masonry, brick, wood or other approved material, up to six feet tall. Chain link and wire fences are not allowed, and fences may not sit closer to the street than the front of the home.
• Storage buildings: Up to eight feet tall, matching the home, placed within setbacks and easements, and not visible from the front or side street above the fence line. Committee approval is required before building or installing one.
• Basketball goals: Portable, set in cement next to the driveway, or attached to the garage, and kept behind setback lines.
• Mailboxes: Standardized in design and material.

Vehicles, Pets and Daily Living

• Pets: Dogs, cats and other household pets only, with a limit of four per lot. No livestock or poultry and no commercial breeding. Pets stay in the home or a fenced rear yard.
• Parking and storage: Boats, RVs, trailers, motor homes and similar vehicles may not be parked in the driveway, the front yard or on the street. They may be kept in a side or rear yard if hidden from public view. Commercial vehicles with painted advertising and trucks over one and one-half tons may not park overnight unless they are in the garage.
• Air conditioning: No ground units in front of the home and no window or wall units on the front of the home.
• Antennas and satellite dishes: One satellite dish of one meter or less is allowed in the least visible spot that still receives a signal.
• Signs: Only a professionally made for-sale or for-rent sign of five square feet or less.
• Trash and clotheslines: Trash bins are kept out of public view except on collection days, and clotheslines or drying racks may not be visible from neighboring property.
• Mineral rights: A two-acre drill site is reserved in the Declaration. Oil and gas operations are not allowed anywhere else in the neighborhood.

Approvals, Term and Changes

• Exterior changes: Buildings, fences, walls, pools, driveways, sheds, exterior colors and other exterior changes need written approval from the Architectural Control Committee. If the Committee does not respond within 30 days of a complete submission, the plans are treated as approved.
• Term: The Declaration runs 25 years from its 2003 recording and then renews automatically in 10-year periods unless 67 percent of owners (and the City, if it is a party) vote to end or change it.
• Amendments: Changes need two-thirds of the outstanding votes. The developer could also record technical corrections.

This is a summary of recorded documents, not legal advice. Restrictions can be amended, and some lots have their own restrictions, so confirm the current rules and the documents for your specific lot with your title company before making an offer.

Waterleaf Schools

Homes in Kyle’s Waterleaf neighborhood are zoned to the Hays ISD, and students will likely attend the following schools:

• Tobias Elementary - 5/10
• Simon Middle - 4/10
• Lehman High - 4/10

School ratings reflect Great Schools ratings as of November 2026. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.

Waterleaf Photos

Waterleaf Sold Data – What Waterleaf Homes Actually Sold For

What sold recently in Waterleaf and for how much? Where can I find pictures of homes that actually sold? How many days does it take to sell a home in Waterleaf? How many homes are currently for sale in Waterleaf? What’s the median sold price in Waterleaf? What does the 90 day historic market trend look like in Waterleaf? How’s the Waterleaf market trending?

All of these questions (and more!) can be answered on our Waterleaf Sold Data Report.

Waterleaf Market Stats — 12 Months (11/1/2025 – 10/31/2026)

Homes Sold	33
Bed / Bath Range	3–5 beds, 2–3 baths
Median Sale Price	$269,900
Price Range	$200,000 – $367,000
Median Price Per Sq Ft	$133
Median Home Size	1,991 sq ft
Median Days on Market	64 days
Sale-to-List Ratio	98%

Data sourced from Unlock MLS. 12 months ending October 2026. Statistics deemed reliable but not guaranteed.

Waterleaf Home Price History

Curious how home prices in Waterleaf have trended? Here’s a five-year look at closed sales from 2022 through 2026 YTD.

Year	Homes Sold	Median Sale Price	YoY	Price Range	Median $/SqFt	Median Home Size	Median Beds/Baths	Median DOM	Sale-to-List
2022	56	$381,750	N/A	$284,000–$505,000	$187	1,998 sq ft	3bd/3ba	12 days	100%
2023	39	$314,000	▼ 17.7%	$209,000–$483,350	$174	1,945 sq ft	3bd/3ba	35 days	99%
2024	29	$305,000	▼ 2.9%	$220,000–$419,000	$163	1,843 sq ft	3bd/3ba	35 days	100%
2025	38	$289,500	▼ 5.1%	$190,000–$425,000	$135	2,000 sq ft	3bd/3ba	49 days	100%
2026 YTD	27	$264,900	▼ 8.5%	$200,000–$367,000	$133	1,991 sq ft	3bd/3ba	64 days	98%

Data sourced from Unlock MLS (ACTRIS). 2026 figures reflect year-to-date sales through 10/13/2026. Year-over-year change is calculated against the most recent prior year with recorded sales. Statistics deemed reliable but not guaranteed.

Waterleaf Days on Market Trend

How fast are Waterleaf homes selling? Here’s a five-year look at how long homes sat on the market before going under contract, from 2022 through 2026 YTD.

Year	Homes Sold	Median Days on Market	Avg Days on Market
2022	56	12 days	27 days
2023	39	35 days	49 days
2024	29	35 days	57 days
2025	38	49 days	70 days
2026 YTD	27	64 days	78 days

Data sourced from Unlock MLS. 2026 figures reflect year-to-date sales through October 2026. Statistics deemed reliable but not guaranteed.

Kyle Realtor Specializing in Waterleaf Homes

Pros and Cons of Living in Waterleaf

Pros

• Recorded minimum home size and masonry requirements apply across the annexed sections.
• Inside the City of Kyle, with City of Kyle park land recorded as part of the neighborhood plan.
• Committee plans not answered within 30 days are treated as approved.
• Pets, fences and storage buildings are allowed with clear size and material limits.

Cons

• Exterior changes, fences, sheds and driveways need written Committee approval.
• A four-pet limit applies, with no livestock.
• RVs, boats and trailers cannot be kept in the driveway, front yard or street.
• A two-acre drill site is reserved in the Declaration for mineral owners.
• Phase A Sections 4, 5A and 5B need a title company check, since no recorded annexation was found.

Waterleaf FAQ

Contact a Kyle Realtor Specializing in Waterleaf