510 Herrin LN
About This Property
510 Herrin Lane provides a rare chance to acquire 43 acres of prime land in Burnet County, perfectly suited for vineyard, winery, or wine-focused agritourism development. The picturesque rolling Hill Country terrain provides an ideal setting for establishing vineyard rows, scenic tasting areas, and future expansion opportunities for a thriving winery.
Enhancing the property is a large stock pond that serves not only as a natural water feature but also provides recreational fishing, adding both beauty and enjoyment to this destination-style estate.
The property boasts an energy-efficient earth-sheltered home, designed for natural temperature stability and durability. This versatile structure is ideal for use as the owner's residence, guest accommodations, or winemaker's quarters, ensuring comfort and practicality.
Additionally, a spacious 3,500 sq ft insulated metal shop with multiple roll-up doors offers valuable infrastructure for living quarters, equipment storage, agricultural operations, or potential wine-related facilities. Supporting a self-sustaining lifestyle, the property includes a 10,000-gallon rainwater capture system and dual septic setups, allowing for efficient resource management.
This land strikes a perfect balance of open, usable acreage, scenic water features, and breathtaking Hill Country views, laying the groundwork for a boutique vineyard estate, destination winery, or long-term agricultural investment.
Its convenient location in Burnet County enhances market accessibility for wine tourism and destination use, making it an exceptional opportunity for discerning buyers.
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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 8, 2026 | Price Decreased |
$3,140,000
↓ $1M
(25.2%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by UCRE Heart of Texas Land & Hom | $4,200,000 | |
| Listed by UCRE Heart of Texas Land & Hom | |||
| Oct 25, 2019 | No longer available | - | |
| No longer available | |||
| Aug 20, 2019 | Relisted | $1,295,000 | |
| Relisted | |||
| Aug 18, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017