2531 Wayside DR
About This Property
At its center is a meticulously crafted 1,600+ sq ft Barndominium featuring a spacious 1-bedroom, 1-bathroom layout, artist loft, and a stunning art gallery/showroom-ideal for creative spaces, living, or future expansion. Two high-quality roll-up doors and two RV plugs make this space functional for RV or boat storage, while polished concrete floors and countertops highlight its custom finishes.
This unique property also boasts a newly built glass pyramid, which could serve as a greenhouse, artist studio, or meditation dojo for sound healing, accessed via a newly constructed road. A hand-torched "Shou Sugi Ban" cedar privacy fence with a wrought-iron gate provides an inviting and private entry, (entry way CUBE art available for additional purchase). Towering Live Oaks, fully cleared cedar, and serene natural surroundings enhance the beauty of the landscape. A state-of-the-art whole-house water filtration system, a commercial-grade septic system, and energy-efficient tankless water heaters. A custom-built spiral staircase provides additional storage access, a 20-foot shipping container offers further utility.
Nature lovers will appreciate the inclusion of 10 Flow Hive bee hives ready to produce your own honey and a spacious, custom-designed chicken coop-perfect for those seeking sustainable living. This property is primed for multiple uses, whether as a luxury family compound, corporate retreat, short-term rental haven, glamping destination, or event venue, subject to buyers due-diligence.
Explore the opportunity to transform this pristine acreage into your vision of paradise in Texas Hill Country. Schedule your private tour today!
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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 |
|---|---|---|---|
| Jan 13, 2025 | Listed by Twelve Rivers Realty | $1,200,000 | |
| Listed by Twelve Rivers Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017