2124 Old Marble Falls RD
About This Property
With open terrain and minimal mature trees, the property offers a true blank canvas for bringing your vision to life. A gated entrance and cattle guard are already installed, providing a valuable head start for future development.
The Woods at Flat Rock Creek offers privacy, tranquility, and a distinctive Hill Country lifestyle surrounded by natural beauty and abundant wildlife. Qualifying owners may also benefit from potential agricultural valuation. With all developer lots now sold, opportunities to purchase within this newly established community are exceptionally limited.
Ideally located near the recreational amenities of the Highland Lakes, the property is just minutes from Lake Marble Falls for boating, fishing, and water recreation, as well as Horseshoe Bay Resort for championship golf and lakeside dining. Nearby state parks, nature preserves, wineries, breweries, and farm-to-table restaurants further enhance the area's appeal. A rare opportunity to secure a substantial homesite and build a one-of-a-kind retreat in the Texas Hill Country.
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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 |
$260,000
↓ $15K
(5.5%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by Keller Williams - Lake Travis | $275,000 | |
| Listed by Keller Williams - Lake Travis | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017