40
Map
339 Cool Water DR
About This Property
The home features beautiful wood craftsmanship, warm natural finishes, and spacious covered porches ideal for relaxing, entertaining, or enjoying peaceful Hill Country views. The expansive acreage provides ample space for an additional dwelling, guest house, workshop, or RV hookup, making this property ideal for multigenerational living, short-term rental potential, or homestead use.
With no close neighbors, usable land, and flexible possibilities, this property is well-suited for buyers seeking privacy, acreage, and expansion potential-a combination that is increasingly hard to find in Bastrop County.
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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 7, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Relisted | $339,999 | |
| Relisted | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Price Decreased |
$339,999
↓ $6K
(1.7%) | |
| Price Decreased | |||
| Apr 15, 2026 | Price Decreased |
$345,999
↓ $14K
(3.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017