198 Cherry Laurel LN
About This Property
A scenic stock pond adds character to the land, while gated access & paved community roads offer convenience without taking away from the country setting. Whether your vision includes horses, livestock, a garden, workshop, guest casita or simply more privacy, this property provides the space to imagine the possibilities. The grazing association currently maintains an agricultural exemption, helping support a lower property-tax burden while preserving the rural lifestyle buyers are seeking.
Looking for help turning your ideas into reality? Sitterle Homes' Build on Your Lot program offers a semi-custom & custom building experience, from existing luxury floor plans to a home created from architect-drawn plans, subject to site feasibility, engineering & builder approval. Envision a timeless Hill Country home, modern farmhouse, barndo, cabin, contemporary retreat or another design that feels uniquely yours.
Electricity is available at the street, & Sitterle can assist buyers in evaluating the property, infrastructure needs and potential building options. Builder renderings & pricing examples are available to help make the possibilities easier to visualize.
Opportunities like this are about more than purchasing land-they are about creating a lifestyle. Bring your animals, build the home you have always imagined and enjoy the privacy, space & natural beauty of country living. Don't miss your chance to envision what life could look like at 198 Cherry Laurel Trail.
Buyer to independently verify AG-exemption status, taxes, restrictions, utilities, septic feasibility, building requirements & all development costs.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$132,000
↓ $14K
(9.4%) | |
| Price Decreased | |||
| Mar 19, 2026 | Listed by Magnolia Realty Round Rock | $145,640 | |
| Listed by Magnolia Realty Round Rock | |||
| Jan 2, 2025 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Listed by Magnolia Realty Round Rock | $168,200 | |
| Listed by Magnolia Realty Round Rock | |||
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Unlock Your Texas Dream: Explore Now! Indulge in the tranquility of Texas Hill Country with our exclusive retreat! A rare Agriculture Exemption keeps those property taxes to dollars per year. Spread across 6.62 acres of pristine landscape, this property is a sanctuary of natural beauty. Been considering a slice of Hill Country for yourself? Consider attending our "No House, Open House" during the Solar Eclipse on 4/8 from 12-3pm. MUST BE REGISTERED TO ATTEND, SPACE IS LIMITED. Imagine waking up to the gentle rustle of mature trees and the serene allure of a scenic pond, just steps from your doorstep. But that's just the beginning. With multiple building sites available, you have the freedom to craft your perfect haven. Whether it's a rustic barndominium, a futuristic dome home, or a cozy tiny home, the choice is yours to make. With electric at the street you simply need to place your well & septic to mold the land to your design. Bring your four-legged friends along, as this gated community welcomes equine and livestock with open arms. Security and serenity are guaranteed with wide asphalt roads and a friendly neighborhood ambiance. Convenience meets charm with nearby amenities such as the renowned H-E-B and the Texas Legato Winery, offering the finest wines amidst breathtaking vistas. And with Lampasas ISD ensuring top-notch education, your family's future is secure. Don't just dream about a life in Texas Hill Country—live it!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017