1318 Klett Ranch RD
About This Property
The land features gently rolling hills, native vegetation, and the natural beauty the Hill Country is known for. An agricultural exemption is already in place, offering valuable tax advantages.
Water is abundant, with four wells on the property:
Legacy Well #1: 100 ft deep | 40 GPM
Well #2: 165 ft deep | 200 GPM
Well #3: 305 ft deep | 22 GPM
Well #4: 165 ft deep | 60 GPM
Infrastructure is a standout feature, with newly constructed roads and electrical power readily accessible across the property. A high-quality 28-foot-wide private road provides easy access throughout.
Additional improvements include a rustic hunter's cabin, perfect for restoration or use while building your dream home.
Whether you're looking to create a private family ranch, develop a luxury retreat, or invest in a rapidly growing area, this property offers unmatched versatility, privacy, and long-term value.
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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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| Apr 9, 2026 | Listed by Topper Real Estate | $1,794,000 | |
| Listed by Topper Real Estate | |||
| Apr 24, 2025 | Listed by Topper Real Estate | $4,950,000 | |
| Listed by Topper Real Estate | |||
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206 Acres of Prime Hill Country Land Unrestricted, and private!
Introducing a rare opportunity to own 206 acres of highly private, unrestricted Hill Country land just five minutes west of Johnson City and only an hour from Austin. This expansive and stunning property offers breathtaking 360-degree views, ideal for a private ranch, luxury development, or investment hold in one of Texas' most sought-after regions.
Property Highlights:
206 Acres of prime, developable land in the heart of the Hill Country
Unrestricted use perfect for residential, ranch, commercial, or mixed-use development
360-degree panoramic views across rolling hills and natural Texas beauty
Agricultural exemption in place providing significant tax advantages
Abundant water with four water wells, including:
Legacy Well #1: 100 ft deep | 40 GPM
Well #2: 165 ft deep | 200 GPM
Well #3: 305 ft deep | 22 GPM
Well #4: 165 ft deep | 60 GPM
Access from two roads: Klett Ranch Road and Gipson Road
Electrical power already accessible across the property
High-quality 28-ft wide private road built into the property, approximately 1.15 miles long
Existing rustic hunters cabin with potential for restoration or use during development
Whether you're looking to develop a luxury community, create a private family ranch, or invest in a rapidly growing area, this property offers unmatched versatility and long-term value.
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| Jul 11, 2024 | Listed by Topper Real Estate | $29,900,000 | |
| Listed by Topper Real Estate | |||
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Rare opportunity to buy 4,000 feet of Pedernales River frontage only 10 minutes from Johnson City, Texas. Nestled in the heart of one of the fastest-growing areas in the USA, this expansive 849.31-acre ranch unfolds like a hidden gem, offering ultimate privacy and a myriad of recreational opportunities. As you step onto the property, you are greeted by approximately 4,000 feet of Pedernales River frontage. The river, with its deep, serene water holes perfect for fishing and stretches of fast-running water ideal for various water activities, beckons you to immerse yourself in nature's tranquility. The ranch boasts an abundance of water features, including two natural springs, five water wells (two producing over 150 gallons per minute and one at 80 gallons per minute), several ponds, and a picturesque 0.5-acre lake. These water sources not only enhance the natural beauty of the landscape ample opportunities for fishing, swimming, and recreational activities. The presence of these abundant water features ensures a lush, thriving environment throughout the property. An older ranch home & cozy hunters cabin offers a rustic escape, perfect for weekend getaways or hunting trips. Abundant whitetail deer, turkey, dove, hogs, and more, making it a hunter's paradise. For anglers, the river and lake promise exceptional fishing opportunities. Infrastructure on the ranch is well-developed, with newly fenced and newly constructed roads ensuring easy accessibility throughout the property. Electricity is available throughout, approx. 100 acres of tillable land. The location offers prime development opportunities, a custom community, luxury retreat, or exclusive private estate. The natural resources & varied topography make it perfect for a personal family recreational ranch or hunting & fishing retreat. Long-range views provide breathtaking panoramas of the beautiful Texas Hill Country. Accessibility with county road access from Klett Ranch Rd, Gipson Rd, and Wolf Ranch Rd.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017