121 SPANISH PASS RD
About This Property
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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.
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 |
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| Nov 22, 2022 | Sold | ||
| Sold | |||
| Sep 27, 2022 | No longer available | - | |
| No longer available | |||
| Jun 29, 2022 | Listed by Legacy Broker Group | $2,900,000 | |
| Listed by Legacy Broker Group | |||
| | |||
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CAN YOU IMAGINE?? Take a deep breath as you turn into this beautiful Hill Country estate through the custom rock entrance and up the drive to the luxurious rock home. Kick off your shoes and soak up the view by the Keith Zars resort style pool while cooking a steak in the outdoor kitchen. Stroll down the paved road to the pasture below to pet your horses and livestock while you admire the captivating sunset. Drop by to say hello to your friends staying in your custom guest house. You have just experienced the Hill Country lifestyle at its finest... You will not believe that you are only 5 minutes from downtown Boerne to the finest dining and shopping in the area. Take a hill country drive to Fredericksburg and enjoy the vineyards. Only 15 minutes to the Rim shopping area in San Antonio. But wait! Why would you ever want to leave this Hill Country Estate? The Longhorn Ranch is situated on this park-like, agriculture exempt, 22 Acre Hill Country Estate. Located only 5 miles to downtown Boerne with easy access to Interstate 10 and in the sought-after Boerne ISD. No detail was overlooked on this property. The custom limestone Main House is 5, 214 SF with standing seam metal roof is a split concept 5 Bedroom, 5 1/2 bath. The dedicated home office is attached to the media room to create an large enjoyable environment to be able to work from home. The chef's kitchen is complete with a Viking stove and butcher block island. Throw a log on the fire in the main living room fireplace while visiting with your guests in the formal dining room with Hill Country view. The custom hardwood floors and wood trim throughout create a warm and inviting feeling right when you walk in the door. This home is designed for a family of any size. No detail was overlooked in the guest home on the property. The custom rock fireplace and perfect floor plan will make guests feel right at home for a long weekend or for months at a time. There is also a studio apartment under the same room as the guest house. The barn is complete with a cement floor and roll up door. Pastures are complete with new fencing, water, and cover to get out of the weather. This property is one-of-a-kind and is incredibly well-maintained. The land has been cleared of cedar trees and can be mowed with a zero turn mower. It is hard to find property in the area with both incredible views and good soil with limited rock. That is what makes this area of the county so sought-after and appealing. The location and easy access to Interstate 10 provide easy commuting. RESORT STYLE POOL - CUSTOM HOME - GUEST HOME - AGRICULTURE EXEMPT!! This property has it all, don't miss this one! The manager has listed the unit size as 7014 square feet.
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| Feb 25, 2022 | No longer available | - | |
| No longer available | |||
| Dec 8, 2021 | Listed by Legacy Broker Group | $2,900,000 | |
| Listed by Legacy Broker Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017