1785 Backbone Ridge
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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Aug 14, 2025 | Listed by Compass RE Texas, LLC. | $6,450,000 | |
| Listed by Compass RE Texas, LLC. | |||
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Introducing an extraordinary Hill Country haven in Wimberley that transports you to a world of refined luxury and serenity. This property sprawls across 50 fully fenced acres with the main home perched on a beautiful mesa overlooking the Blanco River Valley - A natural spectacle that sets the stage for a residence like no other. Located minutes from downtown Wimberley, this ranch provides easy access to Austin, Kyle, Dripping Springs, New Braunfels, San Marcos, and San Antonio. The small town of Wimberley is situated where Cypress Creek and the Blanco River meet, amidst rolling hills and sprawling countryside. The main residence embraces 360-degree views of the valley-featuring two owner's suites and an inviting living room with a limestone-encased fireplace, the home bathes in natural light throughout. The kitchen is a chef's dream, complete with a built-in Sub-Zero refrigerator, Wolf range, Miele espresso machine, Wolf microwave, a large center island, dedicated veggie preparation area, and a brilliance-clear-cube ice machine. The meticulously landscaped yard features a private hot tub, an inviting fire pit, and a covered outdoor patio, providing the ideal space for entertaining guests. The lush turf adds a touch of sustainable greenery to the surroundings, creating a tranquil ambiance that beckons you to unwind and savor the moment. The guest house offers comfort and refinement with its spacious layout encompassing two bedrooms, two baths, and a gracefully designed living space and kitchen - the independent home spans an impressive 1,366 square feet. Elegance harmonizes effortlessly with functionality, creating an inviting haven for guests. The living area extends outdoors to a serene back porch, providing a perfect vantage point for the stunning views of the valley below and beyond. BUNKHOUSE: 1 bed, 1 bath, w/ kitchenette, 1,229 SF. BARNDOMINIUM: 1 bed, 1 bath, w/ kitchen, 800 SF. INSULATED WORKSHOP: 1,600 SF
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| Feb 6, 2024 | Listed by Compass RE Texas, LLC. | $7,995,000 | |
| Listed by Compass RE Texas, LLC. | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 15, 2021 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017