$110,000
↓ $3K (2.2%)
●
Land -
For Sale
LOT 438 County Rd 2763
Mico, TX 78023
Studio
0 Bath
$686
Est. Monthly
About This Property
**SELLER FINANCING AVAILABLE** Welcome to Bear Spring Ranch, where
an exceptional 5.05-acre lot awaits you in the heart of the Texas
Hill Country. Nestled within the coveted Bear Spring Ranch
subdivision, this remarkable parcel offers an unparalleled setting
with breathtaking views. The elevated position of the lot allows
for a commanding perspective, ensuring that your future dream home
will have the privilege of taking in the awe-inspiring natural
beauty that surrounds it. With its natural inclination, this parcel
presents an excellent opportunity for your architectural vision. In
addition, Medina Lake is in close proximity. Whether you're an avid
angler, a water sports enthusiast, or simply enjoy peaceful
lakeside strolls, Medina Lake provides endless recreational
opportunities for you to explore and enjoy.
Unit Size
-
Days on Market
-
Land Size
5.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$145
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (LERA #1872338)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Price Decreased |
$110,000
↓ $3K
(2.2%) | |
| Price Decreased | |||
| Jun 1, 2026 | Price Decreased |
$112,500
↓ $3K
(2.2%) | |
| Price Decreased | |||
| Jun 3, 2025 | No longer available | - | |
| No longer available | |||
| Jun 3, 2025 | Listed by Coldwell Banker Stagecoach Realty | $115,000 | |
| Listed by Coldwell Banker Stagecoach Realty | |||
| Jun 1, 2023 | Listed by Coldwell Banker Stagecoach Realty | $120,000 | |
| Listed by Coldwell Banker Stagecoach Realty | |||
   | |||
|
**SELLER FINANCING AVAILABLE** Welcome to Bear Spring Ranch, where an exceptional 5.05-acre lot awaits you in the heart of the Texas Hill Country. Nestled within the coveted Bear Spring Ranch subdivision, this remarkable parcel offers an unparalleled setting with breathtaking views. The elevated position of the lot allows for a commanding perspective, ensuring that your future dream home will have the privilege of taking in the awe-inspiring natural beauty that surrounds it. With its natural inclination, this parcel presents an excellent opportunity for your architectural vision. In addition, Medina Lake is in close proximity. Whether you're an avid angler, a water sports enthusiast, or simply enjoy peaceful lakeside strolls, Medina Lake provides endless recreational opportunities for you to explore and enjoy.
| |||
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Property Highlights
Exterior Details
Lot Size Area: 219978
Lot Size Units: Square Feet
Lot Size Acres: 5.05
Lot Size Square Feet: 219978
Financial Details
Tax Annual Amount: $1,745
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Medina
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Currently no similar homes aroundNearby Rentals
Listed by: Rozlyn Reeves, Coldwell Banker Stagecoach Realty
Last Updated: 4 months ago
Data Source: LERA, MLS# 1872338
Last Updated: 4 months ago
Data Source: LERA, MLS# 1872338
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