404 County Road 421
About This Property
This remarkable property offers the perfect blend of luxury living and natural beauty. Set on 12 oak-covered acres with multiple wet-weather ponds, the land has been thoughtfully cleared of most cedar trees, creating open pastures ideal for wildlife or horses.
Inside, the custom home features soaring vaulted ceilings with exposed wood beams and a striking reclaimed-wood fireplace as the centerpiece of the living room. The gourmet kitchen showcases a large vent hood, double ovens, center island, abundant counter space, and an oversized breakfast bar-perfect for entertaining. The layout includes two primary suites on the main level, providing exceptional flexibility for multi-generational living or guest accommodations. Large "Texas Basement" on the second level perfect for a media room or secondary living area.
Step outside to an outdoor paradise featuring a spacious covered pavilion with a stone wood-burning fireplace and a sparkling pool-all overlooking the back ten acres of the property. The land is fully fenced with a motorized front gate for added privacy and convenience.
Located just a short drive to both Marble Falls and Bee Cave, with nearby access to the Colorado River, this is a rare opportunity to enjoy Hill Country living at its finest.
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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 |
|---|---|---|---|
| Feb 26, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Price Decreased |
$835,000
↓ $40K
(4.6%) | |
| Price Decreased | |||
| Jan 17, 2026 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Nov 22, 2025 | Price Decreased |
$899,990
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Oct 16, 2025 | Delisted | - | |
| Delisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017