Lot 1 Maddalena LN
About This Property
A rare opportunity to own a piece of the Texas Hill Country as it was meant to be experienced. Maddalena Ranch is a private, high-fenced luxury ranch community set across 233 acres of thoughtfully preserved land, featuring just 23 ten-acre homesites designed around heritage oaks, panoramic views, and roaming Axis deer. Just minutes from Dripping Springs and 30 to 40 minutes from Austin, Maddalena offers the seclusion of a private ranch with the convenience of city proximity.
The land speaks for itself: rolling topography, a seasonal creek with spring-fed grottos, a private fishing lake, mature hardwoods, and a 15-acre shared preserve with trails for hiking and biking. Ag-exempt tax benefits add long-term value to an already compelling investment. Guided by architectural standards that celebrate Hill Country authenticity, native stone, generous overhangs, and homes designed to sit naturally on the land rather than compete with it, every homesite is an opportunity to build something truly personal. Homesites are priced from $825,000 to $1,150,000, with finished home values projected in the $3M to $5M+ range. Dripping Springs ISD. Pricing and availability subject to change. Lot details are accurate to the best of our knowledge at time of listing.
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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 28, 2026 | Listed by Compass RE Texas, LLC | $799,000 | |
| Listed by Compass RE Texas, LLC | |||
| Apr 8, 2026 | Listed by Compass RE Texas, LLC | $850,000 | |
| Listed by Compass RE Texas, LLC | |||
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First impressions at Maddalena Ranch start here. Lot 2 sits at the front of the development anchored by one of the community's most iconic natural features, a sweeping heritage oak that has claimed this corner of the Hill Country for generations. Nearly level and ready to build, this 10.01-acre homesite delivers a straightforward development footprint with natural drama built in. Generous acreage, established canopy, and a prime position close to the gate without sacrificing privacy or presence.
Maddalena Ranch is a private, high-fenced luxury ranch community set across 233 acres of thoughtfully preserved land with just 23 ten-acre homesites. Minutes from Dripping Springs, 30–40 minutes from Austin. Features include rolling topography, a seasonal creek with spring-fed grottos, a private fishing lake, mature hardwoods, a 15-acre shared preserve with hiking and biking trails, and ag-exempt tax status. Architectural standards celebrate Hill Country authenticity. Native stone, generous overhangs, homes designed to sit naturally on the land. Dripping Springs ISD.
Pricing and availability subject to change. Lot details are accurate to the best of our knowledge at time of listing.
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| Sep 11, 2024 | Price Decreased |
$7,750,000
↓ $1M
(11.4%) | |
| Price Decreased | |||
| May 17, 2024 | Listed by Republic Ranches, LLC | $8,750,000 | |
| Listed by Republic Ranches, LLC | |||
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Prochnow Branch Ranch presents an incredible opportunity in the heart of Hays County. Encompassing 234+/- acres along a paved county road, this ranch offers a unique opportunity for both an end user or an investor. With exceptional views, mature hardwoods, a seasonal creek with spring-fed grottos, and a small pond, Prochnow Branch Ranch provides a private setting with rural character in a region experiencing exponential growth offering endless possibilities within a short distance of the wonderful town of Dripping Springs.
In addition to its possibilities for an end user, the ranch also offers many opportunities for an investor. With extensive county road frontage and being located outside of any city’s jurisdiction or ETJ, this property offers endless possibilities for residential or commercial development ventures. The land is unrestricted, except for mobile homes and RV parks, which are prohibited until the year 2047. Divided into three 80-acre parcels, each with its own extensive county road frontage and unique land attributes, the property presents a unique opportunity for immediate equity for an investor.
The southwest extension of FM 150 has been proposed to run along the northern property boundary, potentially brining further development opportunities to the area. While the timing and viability of the extension is unknown at this time, this planning reflects the city’s anticipation of where growth is headed in Dripping Springs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017