230 Three Creeks DR
About This Property
This property provides the perfect blend of seclusion and accessibility, offering a tranquil setting to build your dream home or a weekend getaway. With gentle slopes and a variety of mature trees, the lot offers multiple potential build sites to take advantage of the picturesque views. The Ranches at Canyon Creek is known for its natural beauty and thoughtful development, with sensible building restrictions that help maintain the community's appeal. The AG-exempt status ensures incredibly low property taxes, making it an excellent long-term investment.
The gated entrance provides security and peace of mind, while the well-maintained roads make for easy access year-round. Whether you are looking for a private retreat to escape the hustle of city life or a property to build a forever home, this lot offers incredible potential. With proximity to the Highland Lakes, Marble Falls, and scenic outdoor recreation areas, you can enjoy hiking, fishing, and boating just a short drive away. Don't miss your chance to own a slice of the Texas Hill Country-schedule a showing today!
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Cap Rate Calculator
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, 2025 | No longer available | - | |
| No longer available | |||
| Feb 7, 2025 | Listed by eXp Realty, LLC | $150,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017