1928 Running Creek DR
About This Property
From the moment you arrive, the presence stands out - stone exterior, arched entryways, and a sweeping paver driveway framed by mature trees create a true sense of arrival. Inside, the home opens into warm, inviting spaces where mesquite hardwoods, chiseled travertine, exposed beams, and hand-applied finishes carry throughout.
The main living area is both grand and comfortable, anchored by vaulted ceilings with wood beams and a floor-to-ceiling fireplace, while expansive windows bring in natural light and views of the surrounding acreage. The kitchen is designed for gathering, featuring high-end appliances, custom cabinetry, and two islands - creating the ideal setup for hosting and serving without sacrificing prep space - while seamlessly connecting to the living and dining areas.
Designed for both everyday living and entertaining, the home includes a formal dining space, private study, wine grotto, media room, game room, and multiple flexible living areas. The primary suite offers a spacious layout with a fireplace, spa-like bath, dual vanities, and two walk-in closets, plus additional flex space ideal for a fitness room, nursery, or quiet sitting area.
Outdoors, the property truly shines. A resort-style pool with waterfall features is surrounded by mature trees and wide-open space, creating a peaceful, park-like setting. The covered back porch with outdoor kitchen and fireplace extends the living space, perfect for long evenings, hosting friends, or enjoying the quiet of the property.
Located just minutes from the charm of downtown Salado with easy access to I-35, this property offers the perfect balance of space, privacy, and accessibility, with room to spread out while still staying connected to everything nearby.
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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 |
|---|---|---|---|
| May 15, 2026 | Listed by Serhant Texas, LLC | $3,100,900 | |
| Listed by Serhant Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017