352 Redemption Ave
About This Property
Beautiful compound on an exceptional 5.45-acre lot in Dripping Springs. You are instantly greeted with vaulted ceilings with wood beams and an open floor plan from the living, dining room and kitchen. A wall of seamless glass sliding doors leads to the outside giving the entire home an indoor/outdoor feel. Stunning finishes throughout including quartz counters, polished nickel hardware, state of the art appliances, sliding custom barn doors, light oak hardwood flooring & much more. Designed for entertainment, enjoy a private screening room, large bar area with dual wine refrigeration and multiple access points to your outdoor oasis. Upstairs you will find 3 bedrooms, 3 full bathrooms & a flex space perfect for a play room or home office. The spacious primary bedroom features stunning views through the sliding glass doors leading to the outdoor deck. The beautiful ensuite is truly a spa, with a dual rain shower, soaking tub, walk in custom closet/dressing room. The outdoor oasis feels like your own personal resort with a large covered deck, putting range, full outdoor kitchen, cocktail bar and resort style pool & spa. Off of the mud room you will find your pets personal paradise with a dog wash and run with easy access to the outside. Nestled in the Texas Hill Country in the highly acclaimed Dripping Springs ISD and close to world-class distilleries, breweries and vineyards. Modern and sophisticated design is met with rustic warmth in this must see property.
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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 |
|---|---|---|---|
| Apr 23, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Feb 9, 2024 | Listed by Compass RE Texas, LLC | $2,895,500 | |
| Listed by Compass RE Texas, LLC | |||
| Feb 15, 2021 | No longer available | - | |
| No longer available | |||
| Feb 1, 2021 | Relisted | $2,100,000 | |
| Relisted | |||
| Jan 30, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017