42 Peace Pipe
About This Property
The private primary suite features a spa-inspired bath with a soaking tub, dual vanities, walk-in shower with herringbone Caspian Blue tile, and a spacious closet. Three additional bedrooms, including one with an ensuite bath, provide flexibility for guests or family. Upstairs, a bonus room with a full bath offers ideal space for a media room, office, or guest retreat.
Enjoy outdoor living on the covered back patio and take advantage of a prime location near Cypress Creek Coffee House, Community Pizza & Beer Garden, Blue Hole Regional Park, Jacob's Well, the Blanco River, and Wimberley Market Days.
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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 |
|---|---|---|---|
| May 28, 2026 | Listed by Compass RE Texas, LLC | $849,000 | |
| Listed by Compass RE Texas, LLC | |||
| Dec 1, 2025 | No longer available | - | |
| No longer available | |||
| Oct 2, 2025 | Price Decreased |
$895,000
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed by Compass RE Texas, LLC | $945,000 | |
| Listed by Compass RE Texas, LLC | |||
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Preferred Lender Incentive: Builder is offering a 2/1 Buydown when you use their preferred lender, Louis Balady of Town Square Mortgage. Rates are subject to change & buyer qualifying. Seller Credit for buydown is negotiable & must be written into the initial offer for consideration & approval. Crafted by River Hutchinson Homes, this thoughtfully designed 4 bed, 4 bath home with a bonus room offers elegant living in the heart of Wimberley. An inviting front porch leads into a bright, open-concept layout with soaring ceilings, exposed beams, and Cottage Oak wood floors. Anchoring the main living area is a stunning stone fireplace that brings warmth and character to the space. The living, dining, and kitchen flow seamlessly, ideal for both relaxed living and effortless entertaining. The kitchen is a true centerpiece, featuring a center island with bar seating, quartz countertops, stainless steel appliances including a cooktop and wall oven, and a generous walk-in pantry. The dining area offers lovely backyard views. The primary suite is privately situated in its own wing, offering a bedroom filled with natural light and a spa-inspired ensuite bath with a soaking tub, walk-in shower with herringbone Caspian Blue tile, dual vanities, and a large walk-in closet. On the opposite side of the home, three additional bedrooms provide ample space, including one with a private ensuite bath, ideal for guests. Upstairs, a versatile bonus room with a full bath provides the perfect space for a home office, media room, or extra guest accommodations. Outside, the covered patio is perfect for al fresco dining, barbecuing, or just unwinding at the end of a long day. Enjoy the peaceful rhythm of Hill Country living with close proximity to Wimberley's favorite spots like Cypress Creek Coffee House and Community Pizza & Beer Garden. Explore nearby natural attractions like Jacob’s Well, Blue Hole Regional Park, and the Blanco River, or take in the local charm at Wimberley Market Days.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017