534 Old McDade RD
About This Property
The land is a rare blend of open pasture, mature trees, and usable acreage, providing room for livestock, gardens, recreational vehicles or simply enjoying the peaceful rural setting. A two-story, 1,400-square-foot workshop offers space for equipment storage, woodworking, automotive projects, agricultural operations, or conversion into a office or rental space.
Adding even more value is a charming Victorian house ready for restoration.
Inside the custom residence, locally sourced Central Texas materials and thoughtful architectural details create a warm, light-filled environment. Expansive motorized windows and doors blur the line between indoor and outdoor living while maximizing natural airflow and energy efficiency. Ten-foot ceilings, pecan wood accents, built-in speakers, and abundant natural light create a welcoming atmosphere for entertaining and everyday comfort.
The primary suite serves as a private retreat with direct access to a spa-inspired outdoor bathing area featuring an open-air soaking tub and shower. Upstairs, a dramatic catwalk lined with built-in bookshelves overlooks the living spaces below, while secondary bedrooms feature independent HVAC systems.
Designed with flexibility in mind, the property offers possibilities for multi-generational living, homesteading, hobby farming, creative endeavors, or a quieter pace of life. Whether you're dreaming of a small ranch, family compound, artist's sanctuary, or private country escape, 534 Old McDade Road delivers a rare combination of acreage, improvements, and architectural character.
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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 |
|---|---|---|---|
| Oct 6, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Aug 5, 2026 | Price Decreased |
$749,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Jun 15, 2026 | Listed by Love Street Realty, LLC | $799,000 | |
| Listed by Love Street Realty, LLC | |||
| Apr 19, 2026 | Listed by Love Street Realty, LLC | $799,000 | |
| Listed by Love Street Realty, LLC | |||
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Price reduced to $749,000 + $10,000 seller concession through September 25!
Five-star energy rated with solar panels, 534 Old McDade Road is a truly unique six-acre property combining innovative design, energy efficiency, and peaceful country living just minutes from downtown Elgin. Thoughtfully designed with flexibility and multi-generational living in mind, this one-of-a-kind property offers exceptional space and versatility.
The light-filled home features locally sourced Central Texas materials, 10-foot ceilings, warm pecan wood accents, expansive motorized windows and doors, and abundant natural light. The primary suite is a private retreat with automated shades and direct access to a spa-inspired outdoor bathing area with an open-air tub and shower. The primary bath features marble countertops and dual shower systems with independent controls. Thoughtful pet-friendly features include lockable dog and cat doors, a dedicated water valve on the covered porch, and soundproof windows.
Upstairs, a dramatic catwalk with built-in bookshelves creates a striking architectural feature, while each secondary bedroom has its own independent HVAC system.
The six-acre property offers room to live, work, and create, with a built-in play area, a two-story 1,400-square-foot workshop with potential for rental income, and a charming Victorian home ready to be reimagined as an ADU, guest house, or artists' studio. A rare opportunity to own a property that combines architectural character, energy-conscious living, acreage, and incredible versatility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017