301 Carpenter Hill DR
About This Property
Set in the sought-after Carpenter Hill community, this beautifully upgraded single-story home offers 4 bedrooms, 3 full baths, and 2,440 square feet with the kind of layout that makes everyday life feel easy. The open-concept living space brings the kitchen, dining, and living areas together, with large windows throughout creating a bright, welcoming atmosphere. The kitchen stands out with a contrasting center island, breakfast buffet bar, recessed lighting, and thoughtful finishes, while the fireplace and black accents throughout the home add just the right amount of character. A dedicated office/media room gives you a space to work from home, settle in for movie night, or make the room your own.
The primary suite feels equally intentional, with dual vanities, a soaking tub, and a walk-in shower finished with beautiful decorative tile.
And then you step outside.
The backyard takes this home to another level. The covered patio extends to a pergola-covered outdoor living area that creates multiple spaces for morning coffee, dinner with friends, or lingering outside on warm evenings. The in-ground pool and hot tub create a private retreat, with low-maintenance turf adding a clean, polished touch to the surrounding yard - no watering schedules to plan around, no mowing weekends, just more time to actually enjoy it. A built-in outdoor grill makes entertaining feel effortless. It's the kind of backyard that makes you want to cancel your plans and stay home.
Zoned to acclaimed Hays CISD schools, including top-rated Carpenter Hill Elementary just steps away, this home pairs a smart, low-upkeep lifestyle with one of Buda's most established family communities.
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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 12, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2026 | Price Decreased |
$599,900
↓ $24K
(3.9%) | |
| Price Decreased | |||
| Sep 23, 2026 | Price Decreased |
$623,900
↓ $11K
(1.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by Central Real Estate Group | $634,900 | |
| Listed by Central Real Estate Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017