601 Mount Olive School RD
About This Property
Listed By
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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 |
|---|---|---|---|
| Sep 29, 2026 | Listed by Land Unlimited | $1,400,000 | |
| Listed by Land Unlimited | |||
| May 31, 2026 | Price Increased |
$1,590,000
↑ $431K
(37.2%) | |
| Price Increased | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Listed by Hills Of Texas Sky Realty | $1,159,000 | |
| Listed by Hills Of Texas Sky Realty | |||
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Exceptional 42+ acre unrestricted ranch offers Hill Country views, diverse terrain and endless potential.
This pristine view property, with Wildlife Valuation in place, is only a 12 minute drive from Wimberley. With selective clearing the views will be opened up for the multiple building sites through out the property. Perfect location for family compound, recreational ranch…whatever you desire. The location is highly sought after as it is well established and an easy drive to both Dripping Springs and Wimberley, providing excellent restaurants, wineries, breweries and shopping opportunities. This tract is home to large Oaks and Juniper providing shelter to native wildlife. Wildlife Valuation with Hays CAD & property taxes under $100. There is a wildlife water/feed station situated in the meadow and a partially concrete lined tank in the southeast corner for wildlife water. Several wet weather creeks meander through the property. Hand cut walking trails through the property help to preserve the peaceful surroundings and wildlife habitat. Property is fenced on the north and west side with Mt. Olive School Road as the eastern boundary. The property configuration includes a long “finger” extending up Mt. Olive School Road providing more views to the south and east from potential homesites. Entry to the property is at 1220’ and extends up to 1290+/- feet on the north, west and south side of the property. Excellent view potential from so many places on this unique property. PEC power line runs along Mt. Olive School Road on this property. This property is a blank slate ready for your creative ideas to be implemented. The outdoor enthusiast will enjoy hiking, wildlife watching and hunting opportunities on the trails winding through the property along with an abundance of native Hill Country wildlife. Large, unrestricted tracts of this size and beauty are increasingly rare, making this an exceptional opportunity to own a piece of true Texas Hill Country paradise.
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| Mar 4, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017