$299,000
●
Land -
For Sale
618 WINDMILL RIDGE DR
Blanco, TX 78606
Studio
0 Bath
$1,515
Est. Monthly
About This Property
Welcome to 618 Windmill Ridge, a unique AG Exempt neighborhood in
the heart of the Texas Hill Country. Enjoy peaceful Hill Country
living and low taxes in the quiet gated community of Old 32 Ranch,
located in Blanco, Texas. This gently rolling 5.72-acre parcel
offers privacy, stunning mature trees and many excellent choices
for building pads. Experience the tranquility of a peaceful
landscape where natural beauty and abundant wildlife create an
extraordinary retreat. Bring your vision to life with the builder
of your choice and embrace a lifestyle defined by space, freedom
and breathtaking views. Reasonable restrictions! Awesome location!
Minutes away from Historic Blanco, Wimberley, New Braunfels, Gruene
& Canyon Lake. Approximately 1 hour to San Antonio & 1 hour to
Austin. Served by award winning Comal Independent School District.
Canyon Lake High School.
Unit Size
-
Days on Market
-
Land Size
5.72 acres
Price per sqft
-
Property Type
Land
Property Taxes
$47
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: 3 months ago (LERA #1972178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2026 | Listed by Phyllis Browning Company | $299,000 | |
| Listed by Phyllis Browning Company | |||
| Jan 29, 2026 | No longer available | - | |
| No longer available | |||
| Oct 23, 2025 | Price Decreased |
$289,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Sep 22, 2025 | Price Decreased |
$294,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Sep 2, 2025 | Listed by Phyllis Browning Company | $299,000 | |
| Listed by Phyllis Browning Company | |||
   | |||
|
AG EXEMPT! No city taxes! Build your custom dream home in Blanco Texas today! This is a rare opportunity to own your own little ranchette, in the the hot new gated community Old 32 Ranch in Blanco, in the heart of the Texas Hill Country. This gently rolling 5.72 acre parcel offers privacy, mature trees and many excellent choices for building pads! As you step onto this idyllic parcel, you'll find yourself embraced by a serene ambiance. Build your custom dream home with the builder of your choice and enjoy the ultimate Texas Hill Country living experience. This is a must see property! Reasonable restrictions! Awesome location! Minutes away from Historic Blanco, Wimberley, New Braunfels, Gruene & Canyon Lake. Approximately 1 hour to San Antonio & 1 hour to Austin. Award winning Comal Schools! Canyon Lake High School.
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Property Highlights
Exterior Details
Lot Size Area: 249163.2
Lot Size Units: Square Feet
Lot Size Acres: 5.72
Lot Size Square Feet: 249163.2
Financial Details
Tax Annual Amount: $560
Comparables
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Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Comal
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Listed by: Katherine Detmer, Phyllis Browning Company
Last Updated: 3 months ago
Data Source: LERA, MLS# 1972178
Last Updated: 3 months ago
Data Source: LERA, MLS# 1972178
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