40
Map
254 Cortaro DR
About This Property
Designed for privacy, the home separates the primary suite from the secondary bedrooms. Bedrooms 2 and 3 are connected by a Jack-and-Jill bathroom, each with large walk-in closets. The fourth bedroom serves as a private guest suite with a walk-in shower and full bath. A generous bonus room ties the secondary bedrooms together, offering a versatile space for all.
The luxurious primary suite overlooks the backyard, complete with tray ceilings and a spa-like bath featuring a soaking tub, oversized walk-in shower with 2 shower heads, dual vanities, and two walk-in closets.
Outside, enjoy an oversized covered patio perfect for entertaining with a wood pellet grill, built-in refrigerator, fireplace, ceiling fan, and TV. The space offers sweeping views of the Texas Hill Country, making it the ultimate retreat. This home is within walking distance of Fairlane Cocktails and Coffee, a welcoming family-friendly spot that features excellent coffee, food trucks, a fantastic playscape for the kids, and expertly crafted cocktails. It's a favorite gathering place where neighbors come together to enjoy quality time with their families.
With a low tax rate, low HOA fees, access to Dripping Springs' top-rated schools, and a location just minutes from downtown Dripping Springs, this home combines luxury and convenience in one desirable package.
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 |
|---|---|---|---|
| Jan 16, 2025 | Price Decreased |
$975,000
↓ $24K
(2.4%) | |
| Price Decreased | |||
| Dec 20, 2024 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| Dec 4, 2024 | Price Decreased |
$1,050,000
↓ $25K
(2.3%) | |
| Price Decreased | |||
| Nov 8, 2024 | Listed by Compass RE Texas, LLC | $1,075,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Dripping Springs
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,700 /mo
- 3 Beds
- 2 Baths
- 2,325 ft²
$2,500 /mo
- 3 Beds
- 2 Baths
- 1,700 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017