$874,000
↓ $15K (1.7%)
●
House -
For Sale
488 Phillip
Pipe Creek, TX 78063
4 Beds
2 Baths,
1
Half Bath
3,240 Ft²
$4,889
Est. Monthly
About This Property
** Seller Price Improvement ** Looking to relocate to the
Texas Hill Country? 488 Phillip Drive offers a 3,240s.f.
2-story rock exterior home with beautiful covered porches and
long-range Hill Country views. The unrestricted property
abounds with mature Oak Trees, perimeter fencing and an enclosed
fence surrounding the stunning home. Inside the home features
a grand living/dining combo with a wood-burning rock fireplace,
stained concrete floors and an open kitchen with breakfast bar.
A study sits just off the main living room and opposite is a
large utility room with solid surface counters, sink and custom
cabinetry. Outside there is a newly constructed 45x30
insulated workshop/party barn as well as a large covered RV Storage
Barn and a detached insulated and finished garage. The garage
serves currently as a work-out room and hobby room. Other
offerings at 488 Phillip Drive is a chicken coop for the hobby
farmer and an equipment storage building. The property is
easily accessed just off of FM-1283 along Kimberly Rd and paved
Phillip Drive. Step into the rare scenic beauty that this
property offers with no HOA and large surrounding properties.
Boerne, Bandera, Helotes and San Antonio are just minutes
away for the conveniences of town but the seclusion of the country.
Wildlife abounds and beautiful sunsets set the evening
backdrop of this stunning home.
Unit Size
3,240 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$270
Property Type
House
Property Taxes
$597
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: 5 days ago (LERA #1934973)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | Price Decreased |
$874,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$889,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| May 6, 2026 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by JVL Real Estate | $950,000 | |
| Listed by JVL Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, High Speed Internet, Walk-In Closet(s), One Living Area, Liv/Din Combo, Island Kitchen, Walk-In Pantry, Study/Library, Media Room, Shop, Utility Room Inside, Telephone, Attic - Partially Floored, Attic - Radiant Barrier Decking
Appliances: Cooktop, Oven, Microwave, Disposal, Dishwasher, Electric Water Heater, Water Softener, Washer Connection, Dryer Connection, Self-Cleaning Oven, Stove/Range, Smooth Cooktop, Solid Counter Tops, Custom Cabinets, Private Garbage Service
Flooring Type: Carpet, Concrete
Laundry Features: Main Level
Has Fireplace
Fireplace Features: Living Room, Wood Burning, Stone, One
Fireplaces: 1
Exterior Details
Square Footage: 3240
Security Features: Smoke Detector(s)
Property Condition: Pre-Owned
Architectural Style: Ranch, Two Story
Year Built: 2008
Builder Name: Unknown
Other Structures: Outbuilding, RV/Boat Storage, Shed(s), Workshop, Barn(s)
Window Features: Double Pane Windows
Construction Materials: Fiber Cement, Stone/Rock
Patio and Porch Features: Patio
Pool Features: None
Lot Features: Cul-de-Sac/Dead End
Lot Size Area: 217800
Lot Size Units: Square Feet
Lot Size Acres: 5
Lot Size Square Feet: 217800
Financial Details
Tax Annual Amount: $7,169
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central
Sewer : Aerobic Septic
Location Details
HOA/Condo/Coop Amenities: Other - See Remarks
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Lakehills
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Listed by: Jerrett Lamb, JVL Real Estate
Last Updated: 5 days ago
Data Source: LERA, MLS# 1934973
Last Updated: 5 days ago
Data Source: LERA, MLS# 1934973
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