290 Sunset RDG
About This Property
Outside is where this property really shines. Mature trees, established gardens and wide open Texas skies create a peaceful setting with beautiful, usable acreage in every direction. Wander through the gardens, pick fresh produce, gather eggs from the custom chicken coop or settle in under the trees as the sun sets across the property.
Fully fenced with an automatic gated entry, the 7 acres offer plenty of room for horses, goats, chickens, gardens and more. Limited restrictions provide flexibility for someone who wants to enjoy the property as it is, expand the existing home or create something more over time.
An attached two car garage plus a separate third car garage provide additional space for vehicles, equipment, a workshop or weekend projects.
With 7 usable acres, an existing farmhouse, established gardens, room for animals, privacy and flexibility, this property offers the opportunity to create your own version of Hill Country living in an incredible Dripping Springs location with convenient access to town and Austin.
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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 |
|---|---|---|---|
| Aug 13, 2026 | Price Decreased |
$999,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$1,099,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jun 14, 2026 | Listed by Compass RE Texas, LLC | $1,100,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jun 13, 2026 | No longer available | - | |
| No longer available | |||
| Apr 24, 2026 | Price Decreased |
$1,189,000
↓ $108K
(8.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017