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20220 Doe Run
About This Property
As you make your way up the drive, the setting opens to rolling terrain, native vegetation, mature tree cover, and a sense of space increasingly difficult to find this close to Austin. The existing home is positioned on an elevated portion of the property to take advantage of the surrounding views. Inside, the open-concept kitchen and living area feature granite countertops, stainless steel appliances, double ovens, a breakfast bar, and access to a covered deck overlooking the Hill Country. The layout includes two bedrooms, two full baths, a half bath, and a versatile upper-level loft. The lower level includes an oversized enclosed garage/workshop with laundry area, utility sink, substantial storage, and room for equipment or projects.
Across the acreage, wooded cover and open areas are connected by internal paths, with elevated and more level portions offering multiple potential building sites and long-range view opportunities. A private well with a 2,500-gallon storage tank, septic system, and electricity are already in place, providing a strong foundation for immediate use and future plans.
The property directly borders a 580-acre section of the Balcones Canyonlands National Wildlife Refuge, creating exceptional privacy and a protected natural backdrop. Enjoy the property as a full-time residence, weekend retreat, hunting lodge, recreational getaway, or comfortable base while planning a future custom home. Approximately 20 minutes to Cedar Park and under an hour to Austin, it offers accessibility without sacrificing the sense of separation that defines the setting. Additional adjoining acreage may also be available; contact listing agent for details.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Oct 8, 2026 | Listed by Keller Williams Realty | $1,295,000 | |
| Listed by Keller Williams Realty | |||
| Jul 24, 2026 | Price Increased |
$1,879,000
↑ $100K
(5.6%) | |
| Price Increased | |||
| Jul 23, 2026 | Price Decreased |
$1,779,000
↓ $106K
(5.6%) | |
| Price Decreased | |||
| Mar 25, 2026 | Listed by Keller Williams Realty | $1,885,000 | |
| Listed by Keller Williams Realty | |||
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Set across 34.851 acres in the Texas Hill Country, this expansive property combines an existing home, infrastructure in place, and room to expand—all within a short drive of Cedar Park and Austin. Properties offering this combination of acreage, privacy, infrastructure, and proximity to Austin are increasingly difficult to find. The existing home is positioned to capture long-range views and provides immediate usability—ideal as a full-time residence, weekend retreat, hunting lodge, or while building a future home. The open-concept kitchen and living area include granite countertops, stainless steel appliances, and access to a covered deck overlooking the Hill Country. The layout offers two bedrooms, two full baths, a half bath, and a versatile upper-level loft with commanding views. The lower level features an oversized garage/workshop with a laundry area and utility sink, offering storage and potential for additional finished space. The land features rolling terrain, elevated viewpoints, and multiple potential building sites. A private well, septic system, and electricity are in place, providing a strong starting point. Additional power can be extended along the east side of the property through PEC, and a water line extension through Jonestown Water Supply has been indicated as feasible. The property borders a 580-acre section of the Balcones Canyonlands National Wildlife Refuge—part of a larger federally protected habitat—offering lasting privacy, unspoiled views, and the peace of mind that comes with land preserved for generations. With substantial acreage, existing infrastructure, and multiple potential building sites, the property offers flexibility for residential, recreational, or legacy ownership. Alternative purchase option available for 10.317 acres without improvements (MLS #2465738). This is a standout opportunity to own meaningful acreage with immediate usability and long-term flexibility in a sought-after Central Texas setting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017