120 Palisade DR
About This Property
The main level is designed for convenience and livability, with a private primary suite featuring a custom closet with built-ins and direct access to the backyard oasis. Enjoy year-round outdoor living with a heated pool and spa, enhanced by recent updates including new pool decking, pool replastering, and updated ceiling fans. Three additional bedrooms, two full baths, a half bath, a dedicated office, and a flex space off the kitchen are also located on the main floor, offering flexibility for family, guests, and working from home.
Upstairs, you'll find a media room with newer carpet, a versatile flex space ideal for a game room or second living area, and an additional half bath. Additional features include a newer roof, Ring alarm system, Nest thermostats, and a water filter at the kitchen sink. The oversized garage includes 221 square feet of air-conditioned flex space, bringing the total living area to approximately 3,991 square feet; this area can also be converted back to a true 3-car garage if desired.
Located in highly sought-after Dripping Springs ISD, this home is walkable to Rooster Springs Elementary and offers access to outstanding community amenities, including a fitness center, resort-style pools, and scenic hike and bike trails. With natural light, a functional layout, and seamless indoor-outdoor flow, this home delivers an exceptional Hill Country lifestyle in a beautiful greenbelt setting.
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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 |
|---|---|---|---|
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by Compass RE Texas, LLC | $845,000 | |
| Listed by Compass RE Texas, LLC | |||
| Feb 11, 2025 | Delisted | - | |
| Delisted | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Dec 23, 2024 | Price Decreased |
$844,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017