423 Cedar Mountain DR
About This Property
Situated just minutes from Marble Falls and nestled near multiple constant-level lakes in the Highland Lakes system, this location offers the best of both worlds: peaceful privacy and convenient access to everything you need. Enjoy boating, fishing, and water sports all year long, or tee off at world-class golf courses in nearby Marble Falls and Horseshoe Bay. Visit impressive wineries and distilleries along the Texas Wine Trail just miles from your new home.
With its gently sloping terrain, a flat expansive build site, and breathtaking vistas, this lot is ideal for a custom build with panoramic outdoor living spaces. Architectural plans are available with your lot purchase to utilize in full or to modify per your style and taste. Underground utilities and paved roads are already in place - just bring your builder, submit the already designed plans, or create your own, and get started. No requirements to build right away, all in your timing.
Don't miss your chance to create your own slice of Hill Country paradise in a prestigious neighborhood that combines natural beauty, luxury, and lifestyle - all while offering a LOW tax rate and ag exempt status.
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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 |
|---|---|---|---|
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed by Coldwell Banker Realty | $220,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017