5
Map
0 Cheyenne DR
About This Property
in the quiet Lake Thunderbird subdivision of Bastrop County. Nestled on Cheyenne Dr, just 6.5
miles northwest of downtown Smithville, this parcel offers a peaceful, wooded setting
surrounded by natural beauty, ideal for a weekend retreat, a custom home, or long-term
investment in a growing Texas community.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2026 | No longer available | - | |
| No longer available | |||
| Jan 23, 2026 | Listed by Joseph Walter Realty, LLC | $44,900 | |
| Listed by Joseph Walter Realty, LLC | |||
| Mar 22, 2024 | In contract | - | |
| In contract | |||
| Feb 6, 2024 | Listed by Sky Realty | $34,900 | |
| Listed by Sky Realty | |||
| | |||
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Picture your new home on these two lots (.23 acres total), just a short drive from Smithville and 15 minutes to Bastrop. Untouched land with mature trees (including tall pines), this property offers a tranquil setting for your next venture. While utilities aren't on-site, nearby hookups make connecting easy. Whether you're planning to build, rent or just have a weekend camp, these lots accommodate various possibilities. Enjoy the peaceful countryside while being near city amenities – from dining to shopping and lots of festivals. With low taxes, a $150 annual HOA fee and easy access to Austin-Bergstrom Airport in just 40 minutes, this location blends nature and convenience. No survey is available. Your canvas awaits – make it your own!
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About Lake Thunderbird
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Listed Office: Joseph Walter Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 227-1009
Last Updated: 2026-07-24 04:02:31
Data Source: Unlock MLS, MLS# ACT1934915
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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