40
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3083 HWY 138
About This Property
Enjoy peaceful country living on 10 usable acres in Florence with no HOA, city water and a custom-built 2020 home offering three bedrooms and two bathrooms. The home was thoughtfully designed with wider doorways to improve wheelchair accessibility. The open layout, oversized picture windows and welcoming outdoor spaces showcase the land and expansive views. Two RV hookups provide added flexibility, including a 30-amp hookup at the rear of the property and a 50-amp hookup beside the carport. Bring your horses, cattle or other livestock and create the homestead you've imagined. Agricultural valuation may be available based on qualifying use and county approval. All this just 15 minutes from Georgetown, H-E-B, shopping and restaurants.
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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 27, 2026 | Listed by Pure Realty | $725,000 | |
| Listed by Pure Realty | |||
| Aug 6, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 11, 2026 | Price Decreased |
$795,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Apr 28, 2026 | Price Decreased |
$815,000
↓ $12K
(1.5%) | |
| Price Decreased | |||
| Feb 13, 2026 | Listed by Texas Ranch Brokers LLC | $827,000 | |
| Listed by Texas Ranch Brokers LLC | |||
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Very nice country home built in 2020, thoughtfully designed for comfort, efficiency, and easy upkeep. The functional floor plan offers low-maintenance living and self-sufficiency. The home is all electric except for the gas kitchen cooktop; the owned propane tank conveys.
Enjoy the outdoors with an above-ground pool and deck—perfect for relaxing in the sunshine. The property is well-equipped for livestock with two small, fenced paddocks featuring run-in sheds, plus partially fenced acreage in the rear suitable for an additional pasture or hay field. A well-designed hen house with covered runs supports poultry, and a fenced garden area includes fruit and shade trees, raised beds for vegetables or flowers, and a greenhouse for year-round growing.
Additional improvements include multiple storage buildings and a small shop ideal for DIY projects or equipment. Located just 5 minutes from Florence, 15 minutes from Liberty Hill, 20 minutes from Georgetown, and 20–25 minutes from Austin, this property offers peaceful country living with convenient access to nearby towns and good neighbors.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017