7418 Spiro TRL
About This Property
The land features a gentle, build-friendly topography, allowing flexibility to design a custom estate, Hill Country home, or modern ranch compound. Selective clearing has been completed, revealing mature native trees, open sightlines, and exposed Glen Rose rock formations that add natural character to the setting.
The homesite is positioned adjacent to the community's private fishing lake with dock access, providing a unique connection to one of Preservation Ranch's most desirable amenities. The orientation allows for natural light throughout the day and long-range Hill Country views, creating an ideal backdrop for a future residence.
Preservation Ranch is a gated luxury acreage community known for its large homesites, equestrian amenities, and commitment to preserving the surrounding landscape. Residents enjoy miles of private hiking and riding trails with direct access to over 2,200 acres of protected ranch land, along with shared hilltop and creekside HOA parks. The community also borders a 2,400 acre conservation park, reinforcing privacy and open space.
A rare opportunity to secure luxury land in Austin and build within one of Bee Cave's most private gated communities.
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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 |
|---|---|---|---|
| Apr 23, 2026 | Listed by Kuper Sotheby's Int'l Realty | $2,899,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Jul 4, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Nov 14, 2024 | Listed by Moreland Properties | $3,250,000 | |
| Listed by Moreland Properties | |||
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| Jul 19, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jun 14, 2024 | Listed by Moreland Properties | $3,250,000 | |
| Listed by Moreland Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017