2300 River RD
About This Property
Set on nearly two gated acres beneath beautiful trees, this beautifully updated single-story property offers the rare combination of privacy, recreation, and proximity to town. Located just minutes from the charm and energy of downtown Wimberley and popular gathering spots like Neon Armadillo.
Life here revolves around the outdoors. Spend warm afternoons by the private pool, explore the spacious grounds, or take advantage of private Blanco River access through the HOA, giving you the opportunity to enjoy one of the Hill Country's most iconic rivers just steps from your property. The Blanco River winds through the Wimberley Valley and has long been a centerpiece of the area's outdoor lifestyle.
The home itself has been thoughtfully updated, offering comfortable single-story living with a relaxed indoor-outdoor flow that perfectly complements the Hill Country setting. Mature trees, wide open space, and gated privacy create a peaceful environment that feels worlds away-yet Austin is less than an hour away, making this an ideal full-time residence or weekend escape.
Beyond personal enjoyment, the property also offers flexibility and long-term value. With the ability to accommodate 30-day or longer rentals, owners have the opportunity to offset ownership costs while still enjoying the property throughout the year.
Whether you're searching for a primary residence, weekend retreat, or investment opportunity, this property offers multiple paths forward. The expansive acreage also provides room for potential future improvements or expansion, subject to buyer due diligence.
Pool. River access. Nearly two acres. Minutes to downtown Wimberley.
Opportunities like this on iconic River Road where lifestyle, location, and investment potential intersect are rare.
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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 26, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Price Decreased |
$885,000
↓ $30K
(3.3%) | |
| Price Decreased | |||
| May 19, 2026 | Relisted | $950,000 | |
| Relisted | |||
| May 19, 2026 | Price Decreased |
$915,000
↓ $35K
(3.7%) | |
| Price Decreased | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017