266 Merion DR
About This Property
The open living area is filled with natural light and beautiful greenbelt views, creating a private and peaceful setting. The spa-inspired primary suite features a gorgeous soaking tub, frameless shower, and oversized walk-in closet. A dedicated office provides the perfect space for working from home, while the single-story floor plan offers comfortable, functional living all on one level.
Step outside to the extended covered patio and enjoy peaceful Texas Hill Country evenings surrounded by mature trees and serene greenbelt views.
Located in Belterra, one of Dripping Springs' most sought-after master-planned communities, residents enjoy neighborhood pools, parks, playgrounds, fitness amenities, miles of trails, and convenient access to shopping, dining, Austin, and the Texas Hill Country.
If you're searching for a single-story home in Belterra with 4 bedrooms, a home office, greenbelt privacy, and Hill Country views, 266 Merion Dr is one you won't want to miss.
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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 |
|---|---|---|---|
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Relisted | $719,000 | |
| Relisted | |||
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Sep 15, 2026 | Listed by Compass RE Texas, LLC | $719,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017