131 Paradise Point
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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by The Agency San Antonio | $290,000 | |
| Listed by The Agency San Antonio | |||
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Expansive Hill Country views from this spacious homesite located in The Ridge, the exclusive gated section of Tapatio. This flat lot offers the ideal canvas to build your custom home, with panoramic vistas that stretch across the horizon. Enjoy private access to The Ridge's dedicated clubhouse, resort-style pool, fitness center, and outdoor entertainment area. Optional memberships at Tapatio Springs Resort provide access to golf, spa services, dining, and social events. Located just 5.5 miles from the heart of Boerne, where charming boutiques, local restaurants, and craft breweries await. Only 45 minutes from San Antonio, offering a smooth and scenic drive along well-maintained highways. Explore the historic River Walk, world-class restaurants, cultural attractions, and vibrant entertainment districts - all easily accessible for day trips, commuting, or weekend outings.
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| Oct 23, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | Listed by Texas Providence Real Estate, LLC | $295,000 | |
| Listed by Texas Providence Real Estate, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017