10
Map
3701 County Road 255
About This Property
Encompassing more than 54 acres of scenic Texas Hill Country, the land is just a short drive to Austin. The property features gently rolling terrain, shaded by sprawling Cedar and Oak trees, with livestock fencing encircling the entire acreage. Two sheds, each housing hand-dug water wells, add further utility and charm.
This serene agricultural tract is ideal for hunters, creative developers, and visionaries alike-whether for residential, recreational, or mixed-use projects in this highly desirable location. With largely flat topography and direct road frontage, the land is development-ready within the fast-growing boundaries of Williamson County.
Conveniently situated near US-183, Highway 29, and Ronald Reagan Boulevard, you'll enjoy close access to premier shopping, dining, and entertainment options, Exceptional visibility along a major corridor
Rare opportunity in a rapidly appreciating submarket
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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 |
|---|---|---|---|
| Nov 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Sep 18, 2025 | Listed by Legacy Realty LLC | $4,370,000 | |
| Listed by Legacy Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017