24
Map
501 County Road 248
About This Property
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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 |
|---|---|---|---|
| Aug 14, 2026 | Listed by Compass RE Texas, LLC | $795,000 | |
| Listed by Compass RE Texas, LLC | |||
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Listed by Keller Williams Realty-RR WC | $325,000 | |
| Listed by Keller Williams Realty-RR WC | |||
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Bring your horses and your dreams. This hard-to-find 2-acre property in Georgetown offers room to live, grow and create the lifestyle you’ve been searching for. Zoned to San Gabriel Elementary, Benold Middle and Georgetown High, it’s an ideal blend of space, convenience and opportunity.
The existing 4-bedroom, 2-bath home is comfortable and welcoming, featuring recently installed laminate flooring in the main living areas and an open-concept layout that makes everyday living a breeze. The spacious kitchen includes a large center island, abundant storage, bar seating, and a dedicated dining area, perfect for gathering with friends and family. The private primary suite is thoughtfully separated from the additional three bedrooms, and a true laundry room adds practicality.
What makes this property truly special: site-built homes are allowed, giving you options. Live in the current home, build your dream home now or later, or create a multi-use setup that suits your needs.
Outside, you’ll find wide-open space for horses, gardens or simply enjoying your acreage. The on-site storage container conveys offering a ready-made space for a workshop, she-shed or secure storage for tools and equipment.
Enjoy the best of both worlds. Peaceful country living combined with incredible convenience. You are just moments from the new HEB, Camp Briteside, and a growing collection of dining, shopping, and entertainment options. With quick access to major routes, commuting for work or fun is easy.
A rare Georgetown opportunity with flexibility, acreage, and an unbeatable location. Welcome home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017