733 and 701 Dawn VW
About This Property
Set on just over 30 acres of Texas Hill Country, this exceptional property pairs wide-open beauty with a rare level of self-sufficiency, featuring solar power and a 30,000 gallon rainwater collection system that creates an almost off-grid lifestyle without sacrificing comfort or convenience.
At the heart of the property sits a beautifully appointed 3,600+ SF residence, thoughtfully positioned to take in the surrounding landscape and designed for everyday living. Expansive windows invite the outdoors in, while nearly 900 square feet of covered patio space becomes a natural extension of the home, perfect for slow mornings, long evenings, and everything in between.
Inside, the home offers a versatile layout with a fifth bedroom that can easily function as a secondary living space, private study, fitness room, or guest retreat, creating flexibility that evolves with your needs over time.
Outside, rolling terrain, native landscape, and wide-open skies create a sense of freedom that's increasingly rare, yet this property is anything but remote. Located minutes from the heart of Dripping Springs, you're within easy reach of top-rated schools, local cafes, breweries, and everyday essentials, striking an ideal balance between seclusion and convenience. Adding to the functionality is a substantial 1,500 square foot barn offering space for equipment, hobbies, storage, or future customization. Offered as a combined 30.72-acre estate, the property also consists of two distinct tracts, presenting the rare ability to envision multiple paths forward.
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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 |
|---|---|---|---|
| Jul 10, 2026 | Relisted | $2,998,000 | |
| Relisted | |||
| Jul 9, 2026 | No longer available | - | |
| No longer available | |||
| May 23, 2026 | Price Increased |
$2,998,000
↑ $999K
(50%) | |
| Price Increased | |||
| May 23, 2026 | Price Decreased |
$1,999,000
↓ $1M
(37.5%) | |
| Price Decreased | |||
| Apr 2, 2026 | Listed by Moreland Properties | $3,199,000 | |
| Listed by Moreland Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017