106 County Road 425
About This Property
Tucked into a quiet corner of Spicewood, 106 County Road 425 is full of charm, character, and opportunity. Built in 1950, this home blends timeless appeal with practical updates, making it an ideal investment for today and tomorrow. Original details like shiplap walls, classic built-ins, and hardwood floors bring warmth and authenticity, while modern improvements add comfort and ease. Appliances are available to convey.
The flexible layout fits a variety of needs, whether you're looking for a full-time residence, short-term rental, or long-term hold. The primary suite is part of a more recent addition and features a refreshed bath and stylish finishes. The kitchen, guest room, and primary all include newer windows, and the back flex room is ready for your vision, whether that's a home office, studio, or guest quarters.
Major systems are in great shape with a new roof in 2021 and updated HVAC condenser in 2022. The oversized lot offers plenty of outdoor potential, with room to garden, entertain, expand, or simply enjoy the Hill Country peace and quiet.
Whether you're building your portfolio, launching your next renovation project, or investing in a fast-growing area, this property checks every box, with strong updates, a wide-open lot, tons of character.
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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 | In contract | - | |
| In contract | |||
| Apr 11, 2026 | Price Decreased |
$269,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| Mar 11, 2026 | Price Decreased |
$275,000
↓ $4K
(1.4%) | |
| Price Decreased | |||
| Mar 7, 2026 | Relisted | $279,000 | |
| Relisted | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017