10703 Ranch Road 12
About This Property
This stunning retreat offers Wimberley Valley & Devil's Backbone views and an extraordinary collection of existing improvements difficult to recreate today. A winding paved drive leads through changing elevation to the ~2,440 SF main residence w/ 4 BR, 3.5 BA & multiple porches. A separate ~489 SF guest house offers an ADA-accessible bath.
10 detached cabins total ~3,640 SF. Nine each feature 2 full baths; the 10th has an upgraded layout w/ kitchenette & full bath w/ tub/shower. The ~3,092 SF insulated high-bay bldg features soaring open space, 2 half baths & commercial-style kitchen, with an adjoining meadow & generous parking.
Together, the main residence, guest house, cabins & high-bay bldg provide ~9,661 conditioned SF. Additional improvements incl. a 606 SF dual-roll-up-door shop, 640 SF horse stable, 317 SF shed, pavilion, 2 carports, pump houses, and storage.
The land unfolds into distinct spaces, each with its own character. A seasonal creek, mature live oaks, walking/hiking trails, & stone walkways between the cabins invite exploration, while the ridge-top, west-facing fire pit opens to spectacular sunsets across the valley. Much of the neighboring valley remains undeveloped, extending the views and giving the property a sense of scale, openness & seclusion that feels far removed from town.
Existing infrastructure incl. 3 septic systems, water distribution & fire-suppression systems, fire hydrant, drainage improvements & extensive utilities. A rare Hill Country estate, multi-generational retreat or creative live/work setting where substantial improvements meet the feeling of having a much larger piece of Texas all to yourself.
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 7, 2026 | Relisted | $1,495,000 | |
| Relisted | |||
| Sep 22, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Listed by Compass RE Texas, LLC | $1,495,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jun 5, 2024 | Listed by Classen Realty Group | $1,995,000 | |
| Listed by Classen Realty Group | |||
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Property Overview This rare property offers 13.81 acres with 10 cabins, a Dining Hall/Common area with a commercial kitchen, and a 4/3.5 Main house with 1/1 guest house. All cabins have amazing views looking southwest to Devil's Backbone. The serenity & setting give a feel of a much larger property. The main home area offers a 400+sf barn and horse area, 2 carports, large metal building with double drive-through doors as the maintenance building. 1/1 The guest house sits next to the main home. Location Overview Located just under 43 miles from Austin Bergstrom International Airport, 60 miles from San Antonio, less than 12 miles from Downtown San Marcos, is an easily accessible property in a thriving part of Central Texas. The calming nature of Hill Country is on full display across the gentle slopes while the main home sits in a secluded valley, divorced from the cabins by a seasonal creek. A paved access road from the front gate to the far side of the creek ensures ease of access.
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| Jun 29, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017