230 Meadowview DR
About This Property
Discover the rare opportunity to own 5 flat, usable acres in the heart of the Texas Hill Country at 220 Meadowview in Wimberley, Texas. Designed for buyers seeking land for a custom home, this property blends open space, flexibility, and character with a beautifully restored 100-year-old barn that adds immediate charm and potential. With minimal restrictions, the lot offers the freedom to create a luxury homestead, weekend retreat, or private estate tailored to your vision.
The setting delivers the balance so many buyers are chasing right now-peaceful Hill Country living with convenient access to downtown Wimberley, Canyon Lake, and the growing Fischer area. The flat topography makes the land especially appealing for those looking to simplify the build process and maximize usability, whether for a custom residence, guest house, outdoor entertaining, hobby space, or long-term investment hold.
This is the kind of property that stands out because it offers both lifestyle and opportunity: room to build, space to breathe, and a location that keeps you connected to some of the most desirable destinations in the area. If you have been searching for Wimberley land with character, flexibility, and custom home potential, this tract deserves a closer look.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Price Decreased |
$367,000
↓ $7K
(1.9%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed by eXp Realty, LLC | $374,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017