197 Sierra DR
About This Property
Listed By
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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 |
|---|---|---|---|
| Jul 3, 2026 | Price Decreased |
$209,900
↓ $19K
(8.3%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed by All City Real Estate Ltd. Co | $229,000 | |
| Listed by All City Real Estate Ltd. Co | |||
| Sep 1, 2025 | No longer available | - | |
| No longer available | |||
| Feb 1, 2025 | Listed by All City Real Estate Ltd. Co | $229,900 | |
| Listed by All City Real Estate Ltd. Co | |||
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Own a piece of gorgeous Hill Country acreage, a hidden gem in the much sought after Ranches at Canyon Creek! Located on the highly desired southern bluffs, truly one of the most spectacular acreage homesites available; the views are stunning. Abundant and beautiful hardwood trees all around this 7.28 acre lot, including multiple Live Oaks, Shin Oaks and Persimmon. 197 Sierra is cleared and level towards the front acreage, with a stepped valley along the rear of the property featuring a secluded potential homesite with Lake Travis views and a spring fed creek running at the rear of the property. Plenty of additional location options for constructing your dream home. Electricity is in place with both 30 & 50 AMP outlets for your RV! Domestic livestock and exotic animals allowed. Hunting allowed on this parcel. Wildlife exemption in place, with current annual property taxes of just $8.39! Horses allowed. Bow hunting allowed on this parcel. Ranches at Canyon Creek is a gated community offering home sites with spectacular live oaks and creeks, paved roads and electricity throughout. Prime hill country location is secluded, yet close enough to Austin and surrounding attractions to enjoy all the camping, fishing and water sports the Highland Lakes area has to offer.
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| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017