262 Cuesta PASS
About This Property
The property features multiple potential homesites with Hill Country views and usable terrain ranging from approximately 1,160' to 1,240' in elevation. A wet-weather creek system runs through the property, fed by an intermittent spring that often continues trickling even during drier periods. A small earthen dam creates a natural watering hole, complemented by a unique grotto feature that drains into the wet-weather creek.
Selective land clearing has been completed by hand, preserving mature groves of live oaks while enhancing usability and views. The landscape is full of diverse vegetation including wild agarita, wildflowers, beaked yuccas, little bluestem grasses, pecans, live oaks, and other hardwoods. The creek corridor is lined with water-loving species such as maidenhair ferns, and supports a diverse natural habitat. The southern and eastern boundaries are fenced, with new game fencing along the southern property line.
Bluff Springs Estates offers sensible restrictions without an HOA, paved private road access off Ranch Road 12, and convenient connectivity to Dripping Springs, Wimberley, and Austin.
Located within Dripping Springs ISD.
Electric service is installed and provided by Pedernales Electric Cooperative.
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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 |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$1,200,000
↓ $99K
(7.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Price Decreased |
$1,298,700
↓ $79K
(5.7%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$1,377,500
↓ $73K
(5%) | |
| Price Decreased | |||
| May 7, 2026 | Listed by Republic Ranches, LLC | $1,450,000 | |
| Listed by Republic Ranches, LLC | |||
| May 15, 2025 | Listed by Agave Realty | $1,499,000 | |
| Listed by Agave Realty | |||
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Discover the rare opportunity to own 20 breathtaking acres in the heart of historic Driftwood. This exceptional property offers the perfect balance of natural beauty, privacy, and Hill Country charm. Whether you're looking to build your dream home, create a family compound, or invest in a serene retreat, this land offers expansive views and gentle topography, a mix of open meadows and mature trees, peaceful surroundings, and room for horses and trails. Easy access to local wineries, restaurants, and Austin amenities, few properties like this remain in Driftwood – a place known for its rustic elegance and community spirit.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017