12424 Fitzhugh RD
About This Property
If you've been looking for land in the middle of the booming Hill Country wine and wedding scene, this is it. Nestled inside a gated ranchette community along the Fitzhugh Corridor (just 1.9 miles from the Hwy 290 intersection), this 5.8-acre property offers a rare blend of privacy, beauty, and location. You're just minutes from some of the most popular breweries, distilleries, and wedding venues in the area. It's hard to beat this spot for short-term rental potential. Or, with a setting as peaceful and inspiring as this, it's the perfect place to build your dream home among mature oaks, tall cedars, and all the natural charm the Hill Country has to offer. Whether you're envisioning a custom build, a family compound, or an income-producing retreat, there's room to make it happen here. A small 2-bedroom, 1-bath home is already on site, complete with a well, septic system, and electricity, giving you immediate infrastructure while you plan your next steps. The value here is truly in the land and location. With easy access to Austin, Fredericksburg, San Marcos, and San Antonio, this property offers the rare combination of privacy and connectivity. And with short-term rentals in high demand, thanks to the area's wedding venues, wine trail, and weekend traffic, this is a smart opportunity for those looking to invest, build, or simply retreat to the quiet beauty of the Texas Hill Country.
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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%.
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 |
|---|---|---|---|
| Jan 7, 2026 | In contract | - | |
| In contract | |||
| Dec 18, 2025 | Listed by Mercer Street Group, LLC | $599,000 | |
| Listed by Mercer Street Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017