1282 Balcones Drive DR
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%.
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 |
|---|---|---|---|
| Feb 2, 2026 | Sold | ||
| Sold | |||
| Jan 10, 2026 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Listed by eXp Realty, LLC | $199,000 | |
| Listed by eXp Realty, LLC | |||
| Sep 23, 2025 | Price Decreased |
$199,000
↓ $11K
(5.2%) | |
| Price Decreased | |||
| Jul 20, 2025 | Listed by eXp Realty | $210,000 | |
| Listed by eXp Realty | |||
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Situated atop a hill at the end of a quiet road, 1282 Balcones Drive offers just under 3 acres of pure Hill Country beauty-perfect for investors, builders, contractors, or anyone dreaming of creating their own private retreat. This exceptional property is unrestricted by an HOA, giving you the flexibility to bring your vision to life. Enjoy incredible panoramic views, end-of-the-road privacy, and the peaceful sounds of nature all around you. Whether you're planning a forever home, a weekend getaway, or an investment project, this location provides the perfect blend of serenity and convenience. Located approximately 3.5 miles from historic downtown Fredericksburg, you'll have easy access to award-winning shopping, dining, wineries, entertainment, and services-yet feel a world away from the hustle and bustle.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017