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242 Cody LN
About This Property
The living setup is a loft cabin on stilts: roughly 640 square feet upstairs with a full kitchen (including a new gas range) and an updated full bath, with covered parking underneath for trucks, boats, or gear, plus a private lower room you can use as a second sleeping space. Utilities are practical and ready-Bluebonnet power, conventional septic, a 10,000-gallon rainwater system feeding the cabin, and Starlink so you're not cut off from the world. No HOA. Unrestricted. Sandy loam and rich creek bottoms that invite horses, a garden, a cabin rental, a hunting camp, or simply a place to disappear on weekends without disappearing from real life.
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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%.
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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 18, 2026 | Listed by Venture Partners R.E. | $350,000 | |
| Listed by Venture Partners R.E. | |||
| Aug 9, 2026 | No longer available | - | |
| No longer available | |||
| May 8, 2026 | Listed by Armstrong Properties | $399,000 | |
| Listed by Armstrong Properties | |||
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+/- 15 acres of secluded, wooded haven just a short distance from Lake Bastrop with the convenience of being located in the center of US-290, TX-21 and TX-95 providing easy access to all major highways and cities in the Texas Triangle. This quiet property is located near the dead-end of a privately maintained road (Cody Lane) with mature Oaks, Pine, Cedars and other hardwoods with access to a wet-weather creek, elevation changes and a Loft-style Cabin on Stilts. The loft has approx. 640 square feet with full kitchen including a new gas range, full bathroom with shower that has updated cabinets, vanity and toilet. The bottom level of the cabin has parking for vehicles, boats or equipment plus another private room that could be considered a 2nd bedroom option. Bluebonnet Electric, conventional septic system and 10,000 gallons of rainwater collection system that supplies the residence. This property is unrestricted. Recent clearing on the property was completed to open up trails to the creek and remove Yaupon from underneath many mature trees. Sandy loam soils and rich creek beds allow for many opportunities for homesteading, small farm ideas, gardening, or being off-grid! Make this a full-time residence or weekend getaway retreat! Many possibilities for short-term rentals or hunting retreats. Close enough to the major metroplex and international airport, but far enough to feel the quiet seclusion that is desired! 38 miles to ABIA, 42 miles to Downtown Austin, 14 miles to Bastrop, 33 miles to Taylor, 135 miles to Houston and less than 200 miles to DFW!
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| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 9, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017