$649,000
●
House -
Off Market
1237 CR 119
Burnet, TX 78611
2 Beds
1 Bath
1,140 Ft²
$3,187
Est. Monthly
About This Property
UNRESTRICTED 5 acres in Hoover's Valley with 45' x 80' shop &
casita & 2 RV full hookups. If you are looking for your personal
piece of heaven with no restrictions...this is it! This property is
fully fenced with 2 front gates, a watershed pond & well, fenced
garden, 2 sheds8' X 8' & 16' X 8' with electricity, carport with
electricity. An RV space with a privacy fence, 20 X 46 metal RV
carport, PEC Electric Pole, RV full hookup 30 amp & 50 amp, 110
power, water and septic. The barn is 45' x 80' x 16' with 12' lean
to Mueller bldg. with a total of 3,840 sq. ft. with 1140 sq. ft. in
the casita. 6" slab foundation, 12' X 20' loft, insulated garage
doors (electric) 3-10' x 10' and 1-10' X 14',separate PEC electric
pole, septic, water heater, washer/dryer (20 amp), mini-fridge,
full bath, pantry storage, RV full hookup inside bay#3 (50 amp,
water, septic), gutters with downspout water shed to pond, HVAC - 2
mini-splits & wall fans. Come see it today...you will be glad you
did! For Sale separately: 4 wheel drive Mahindra Tractor
w/implements 2 wheel drive Mule
Unit Size
1,140 Ft²
Days on Market
-
Land Size
5.01 acres
Price per sqft
$569
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Unlock MLS #ACT9111723)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2025 | No longer available | - | |
| No longer available | |||
| Feb 22, 2025 | Listed by Horseshoe Bay Resort Realty | $649,000 | |
| Listed by Horseshoe Bay Resort Realty | |||
| Jan 28, 2019 | No longer available | - | |
| No longer available | |||
| Oct 6, 2018 | Listed | $169,900 | |
| Listed | |||
| | |||
|
Tons of possibilities for this unrestricted 5 acres and manufactured home located near Lake LBJ, Hoover Valley, and Perissos Vineyards. Surrounded by a large ranch, this property enjoys peace and quiet while still being less than 10 minutes to Kingsland. The 3 bedroom, 2 bath manufactured home has had a few updates and is in good condition for its age. The home has a chain link fenced front yard for the dogs, and the entire property has wire net fence for your horses or goats. A good well feeds the house and electric has already been brought to the opposite side of the property from the current residence for possible future development of the property. Unrestricted small acreage like this doesn't come on the market often, so it shouldn't last long! The manager has listed the unit size as 1456 square feet.
| |||
Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burnet
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Listed by: Gay Lynn Wheeler
Listed Office: Horseshoe Bay Resort Realty - Listing courtesy of Unlock MLS
Phone: (830) 596-9506
Last Updated: 2025-04-09 05:13:45
Data Source: Unlock MLS, MLS# ACT9111723
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Horseshoe Bay Resort Realty - Listing courtesy of Unlock MLS
Phone: (830) 596-9506
Last Updated: 2025-04-09 05:13:45
Data Source: Unlock MLS, MLS# ACT9111723
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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