117 County Road 407
About This Property
A year-round pond creates a scenic focal point, while expansive pastures, mature trees, and wide-open skies provide the perfect backdrop for a ranch lifestyle, hobby farm, recreational retreat, or simply room to breathe. A substantial metal barn with oversized 14-foot doors is ready to accommodate horses, livestock, equipment, RVs, boats, or future projects.
The custom-built home was designed to complement its surroundings, featuring 3 bedrooms, 2 bathrooms, soaring cathedral ceilings, live-edge cedar accents, and a wood-burning earth stove that adds warmth and character throughout the living space. Durable Hardiplank siding and a metal roof provide lasting peace of mind and low-maintenance ownership.
Step outside and enjoy panoramic views across the oak-studded landscape from the covered porch. Whether you're sipping coffee at sunrise, watching wildlife pass through the pasture, or taking in a colorful Hill Country sunset, the setting feels both peaceful and timeless.
With an Agricultural Exemption already in place, low property taxes, and no HOA restrictions, this property offers flexibility that is becoming increasingly difficult to find. Conveniently located just minutes from Highway 71, you'll enjoy easy access to Austin, Marble Falls, Bee Cave, and Dripping Springs while still feeling worlds away from the pace of the city.
Whether you're seeking a working ranch, weekend getaway, investment in land, or a forever home with room to grow, 117 County Road 407 delivers the lifestyle, acreage, and opportunity that make Texas Hill Country living so desirable.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| May 13, 2026 | Price Decreased |
$950,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Mar 3, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Mar 2, 2026 | Listed by Keller Williams - Lake Travis | $975,000 | |
| Listed by Keller Williams - Lake Travis | |||
| Nov 7, 2025 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017