288 Smithsonian LN
About This Property
The layout was built for everyday living and entertaining alike, featuring a dramatic two-story living room with soaring ceilings and oversized windows that bring in incredible natural light. With four generously sized bedrooms, a dedicated office, and a spacious upstairs flex/media room, there is room for everything from movie nights to work-from-home setups.
The main-level primary suite feels tucked away and private, overlooking the tree-filled ranch land behind the home. The ensuite bath includes a large walk-in tiled shower, deep jetted soaking tub, and an oversized walk-in closet with direct access to the laundry room.
Out back, the views are the real showstopper. The property backs to a private ranch with wide-open Hill Country scenery, mature trees, and a sense of calm. Even better, the neighboring land has recently entered into a 99-year conservation easement agreement, helping preserve the natural landscape and protecting the area from future development for decades to come. No rear neighbors and no crowded backyard views here.
Located in the highly desirable Anthem community, residents enjoy access to resort-style amenities including a pool, sports courts, playgrounds, community gardens, and scenic walking trails. Conveniently situated between Austin and San Antonio, just minutes from downtown Kyle and a short drive to Wimberley, this home offers the perfect mix of peaceful Hill Country living and everyday convenience.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Price Decreased |
$489,999
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$499,999
↓ $10K
(1.9%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by Keller Williams Realty | $509,900 | |
| Listed by Keller Williams Realty | |||
| Oct 1, 2025 | No longer available | - | |
| No longer available | |||
| Aug 30, 2025 | Relisted | $549,990 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017