2340 E State Highway 71
About This Property
Discover the perfect blend of rustic charm and modern comfort in this remodeled 3-bedroom, 3-bath home, nestled on over 9 breathtaking acres just off of Highway 71 in Llano. This gorgeous 2,280 SQFT home was originally built in 1976 and has been masterfully reconfigured and is waiting to become yours. Step inside to find an inviting open concept layout where natural light pours in through large windows, brightening the spacious kitchen and family room.
Enjoy a separate living room, dining room area and a wood burning fireplace for cozy evenings. Don't forget the oversized kitchen featuring
ample cooking and storage space, a silestone sink, range/oven combo and an eat-in island that showcases a granite counter. Plus
there's a convenient laundry room right off the kitchen. Retreat to your primary suite, complete with an ensuite bathroom, with
charming farmhouse doors and a walk-in closet. Outside the possibilities are endless with over 294' of Highway 71 frontage, a two-car
attached garage, two fantastic outbuildings, a 30x30 insulated metal storage building and a 30x50 pull through, perfect for storage, parking your ATV. UTV or horse trailer, hobbies, or a workshop. The fully fenced back yard, alongside a high fence on three sides and a newer automatic gate and rock driveway ensures
security and privacy allowing you to unwind in peace.
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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 |
|---|---|---|---|
| Jun 1, 2026 | No longer available | - | |
| No longer available | |||
| Dec 5, 2025 | Price Decreased |
$729,000
↓ $35K
(4.6%) | |
| Price Decreased | |||
| Aug 3, 2025 | Price Decreased |
$764,000
↓ $35K
(4.4%) | |
| Price Decreased | |||
| May 30, 2025 | No longer available | - | |
| No longer available | |||
| May 30, 2025 | Listed by Phyllis Browning Company | $799,000 | |
| Listed by Phyllis Browning Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017