281 Kloster LN
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 |
|---|---|---|---|
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Listed by Compass RE Texas, LLC | $1,999,999 | |
| Listed by Compass RE Texas, LLC | |||
| Sep 24, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 10, 2025 | Listed by Compass RE Texas, LLC | $1,999,999 | |
| Listed by Compass RE Texas, LLC | |||
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Welcome to Lonesome Dove Hill Country Ranch, a 38-acre stretch of Texas Hill Country where the skies go on forever, the views are unforgettable, and the land feels like something out of a storybook. Perched above 1,400 ft elevation, this property offers multiple build sites, each more stunning than the last. A seasonal creek cuts through the land, forming peaceful grottos and shaded rock ledges that make it feel like your own private park. It’s quiet here—the kind of quiet that lets you hear the wind move through the trees and the wildlife going about its day.
With a current wildlife exemption, you get to enjoy the beauty of nature and benefit from low property taxes. Daily sightings of whitetail deer, turkey, and other native game are part of life here—and if you enjoy hunting, the land offers the privacy and habitat to support it. You can explore the many trails on foot or by UTV—whether hiking to a favorite lookout, watching wildlife, or cruising at sunset.
At the heart of the property is the Lonesome Dove cabin—a 1,520 sq ft Hill Country retreat with big porches, warm wood interiors, and thoughtful finishes that echo the spirit of the land. It’s currently a VRBO, and the cabin easily transitions into a private guest house, temporary quarters while you build, or a weekend escape.
Two large metal buildings offer incredible flexibility: a 5,000 sq ft structure with six roll-up doors and concrete floors, plus an additional 1,500 sq ft building—ideal for storing UTVs, ranch equipment, launching a hobby space, or even future expansion into guest quarters or a rec barn.
And while the land feels remote, you’re just minutes from the town square in Blanco and an easy drive to Dripping Springs, Johnson City, and Canyon Lake. Austin and San Antonio are both within an hour, giving you access to major airports, healthcare, and dining—without sacrificing peace and privacy.
This is where you can unplug, spread out, and build something that lasts.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017