1515 Thompson Ranch RD
About This Property
This property offers the perfect blend of privacy, comfort and natural beauty. The well-maintained home was remodeled and expanded in 2020. The 3,068 sf home has 4 generous bedrooms and 3 full baths, with one of the bedrooms being a versatile bonus space that would be perfect for an office, guest room, or playroom. An expansive family room with an abundance of windows, allowing natural light into the home and showcasing the beautiful views. The back patio is a great place to relax or entertain, enjoying the tranquil landscape. There are 2 insulated metal buildings constructed in 2019 and 2020 providing a multitude of options. Storage, workshop, car collection, business ventures, and more are possible, an apartment space with a loft is ready to be finished out. There is an additional garage that is being used for storage. Additional highlights, most of the cedar has been removed from the property, no HOA, low taxes, propane tank, and ample storage. Generac generator added in 2024 and the potential for rainwater collection from the metal roofing on house and outbuildings. The property includes majestic oak trees, breathtaking sunrises and sunsets in a completely private setting surrounded by a large ranch and 10-acre parcels - and don't miss the picturesque meadow at the back of the property! Conveniently located near charming downtown Wimberley, this property is the perfect balance between secluded tranquility and accessibility. What a wonderful opportunity offering endless possibilities for a discerning buyer.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 1, 2025 | No longer available | - | |
| No longer available | |||
| Jan 15, 2025 | Listed by Kuper Sotheby's Int'l Realty | $1,695,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017