238 County Road 337
About This Property
The land is the star here. Large open areas provide plenty of room for livestock, horses, additional improvements or a future homesite, while heavily wooded sections and natural tree lines create privacy, character and wildlife habitat. A picturesque pond adds both function and recreation, and the property is currently AG exempt for significantly reduced property taxes.
Unlike raw land where the infrastructure still needs to be figured out, much of the hard work has already been done. The property has an existing water well, septic system and electricity, along with an approximately 1,012 sq ft residence, substantial wood barn/stable and separate metal shop/storage building with roll-up door. Use the existing residence as a weekend basecamp, renovate it into your country retreat, or enjoy the property while planning something entirely new.
Whether you're looking for acreage to hunt, raise animals, establish a horse property, build your dream home, create a weekend ranch or simply own a beautiful piece of Central Texas land, 238 County Road 337 offers a rare combination of acreage, water, utilities, improvements, trees and versatility. Peaceful and private with the infrastructure already in place and nearly 48 acres to make your own.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 7, 2026 | In contract | - | |
| In contract | |||
| Aug 23, 2026 | Listed by The Seely Group LLC | $449,990 | |
| Listed by The Seely Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017