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LOT 28 Rio Cordillera
About This Property
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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 |
|---|---|---|---|
| Sep 14, 2026 | Listed by SERHANT. | $345,000 | |
| Listed by SERHANT. | |||
| Sep 3, 2026 | No longer available | - | |
| No longer available | |||
| Mar 6, 2026 | Listed by eXp Realty | $349,000 | |
| Listed by eXp Realty | |||
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Discover an exceptional opportunity to create your dream estate in Cordillera Ranch, one of Boerne's most sought-after luxury communities, located just minutes from San Antonio. This nearly 4-acre level homesite offers a beautiful blend of privacy and natural Hill Country scenery, featuring a partial clearing and surrounded by mature trees that provide both shade and a peaceful setting. With multiple potential build sites and central water and sewer already available, the property offers flexibility to design and build at your own pace with no required building timeline. Situated within the stunning 8,700-acre Cordillera Ranch community, residents enjoy access to breathtaking landscapes and a renowned Jack Nicklaus-designed golf course. The property also benefits from low tax rates, making it an attractive long-term investment. Buyers are encouraged to confirm details with the POA regarding membership availability for the Golf Club, Social Club, Gun Club, Equestrian Club, Tennis & Swim Club, Rod & Gun Club, and River Club, offering the opportunity to enjoy a truly elevated Hill Country lifestyle.
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| Mar 21, 2025 | Sold | ||
| Sold | |||
| Jan 11, 2025 | Relisted | $299,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017