810 Kothmann RD
About This Property
The 1,550+/- square-foot main home features 2 bedrooms and 2 bathrooms, with a warm, welcoming Hill Country character that feels right at home on the land. Its manageable size makes it equally suited for everyday living or weekends away. Three separate guest casitas give visitors a place of their own while keeping everyone close, with flexibility for multigenerational living or potential rental use. Improvements feature vertical siding, 50-year metal roofs, energy-efficient windows, and rainwater collection systems.
A 1,500+/- square-foot workshop offers two automatic roll-up doors, water, electricity, and a 30/50-amp RV hookup, providing space for projects, equipment, and storage.
Water infrastructure includes a private well, rainwater collection systems, a 30,000-gallon holding tank, an owned purification system, and a dedicated well house. The acreage is fully fenced and currently ag-exempt, with two additional potential homesites for future expansion.
Whether gathering with guests, exploring along the seasonal creek, or settling into a quieter daily routine, Madrona Ranch offers space and flexibility in a Hill Country setting within reach of Dripping Springs, Austin, and San Antonio.
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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 23, 2026 | Listed by Ranchland Real Estate | $2,499,000 | |
| Listed by Ranchland Real Estate | |||
| Jun 26, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Apr 9, 2026 | No longer available | - | |
| No longer available | |||
| Mar 23, 2026 | Listed by Topper Real Estate | $1,999,995 | |
| Listed by Topper Real Estate | |||
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Owner Financing Available – Madrona Ranch: Luxury Living & Proven STR Income in the Heart of Texas Hill Country Just minutes from downtown Dripping Springs, Madrona Ranch offers a rare combination of luxury, privacy, natural beauty—and an exceptional investment opportunity. This unrestricted 20+/-acre estate is not only a stunning Hill Country retreat, but also a currently operating and highly successful short-term rental (STR) property with a strong rental history and outstanding guest reviews. Perched amidst sweeping long-range views and dramatic elevation changes, the property features a seasonal creek that adds character and charm during the rainy season. The ranch is Ag-exempt and thoughtfully designed for both lifestyle and income potential. The main residence is accompanied by three beautifully finished guest casitas, each crafted with upscale finishes and a clean, modern aesthetic—perfect for hosting guests, extended family, or multigenerational living. These well-appointed casitas are a favorite among STR guests, offering privacy and resort-style accommodations. Additional improvements include a 30x50 workshop, an insulated well house, and a 30,000-gallon water holding tank. Water is supplied by both a private well and a rainwater collection system, ensuring sustainability and peace of mind. The fully fenced property includes a secure gated entrance and over half a mile of private paved road leading to the homesite. Whether you’re looking to expand an income-producing STR business, build your dream ranch, or create a family compound, Madrona Ranch offers multiple build sites and endless potential in one of the most sought-after regions in Texas. Located just 45 minutes from Austin and 90 minutes from San Antonio, this is a timeless opportunity to own a piece of the Texas Hill Country—with immediate income potential and unmatched natural beauty.
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| Oct 8, 2025 | Listed by Topper Real Estate | $1,599,000 | |
| Listed by Topper Real Estate | |||
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Madrona Ranch: Luxury Living & Proven STR Income in the Heart of Texas Hill Country Just minutes from downtown Dripping Springs, Madrona Ranch offers a rare combination of luxury, privacy, natural beauty—and an exceptional investment opportunity. This unrestricted 10+acre estate is not only a stunning Hill Country retreat, but also a currently operating and highly successful short-term rental (STR) property with a strong rental history and outstanding guest reviews. Perched amidst sweeping long-range views and dramatic elevation changes, the property features a seasonal creek that adds character and charm during the rainy season. The ranch is Ag-exempt and thoughtfully designed for both lifestyle and income potential. The main residence is accompanied by three beautifully finished guest casitas, each crafted with upscale finishes and a clean, modern aesthetic—perfect for hosting guests, extended family, or multigenerational living. These well-appointed casitas are a favorite among STR guests, offering privacy and resort-style accommodations. Additional improvements include a 30x50 workshop, an insulated well house, and a 30,000-gallon water holding tank. Water is supplied by both a private well and a rainwater collection system, ensuring sustainability and peace of mind. The fully fenced property includes a secure gated entrance and over half a mile of private paved road leading to the homesite. Whether you’re looking to expand an income-producing STR business, build your dream ranch, or create a family compound, Madrona Ranch offers multiple build sites and endless potential in one of the most sought-after regions in Texas. Located just 45 minutes from Austin and 90 minutes from San Antonio, this is a timeless opportunity to own a piece of the Texas Hill Country—with immediate income potential and unmatched natural beauty. Additional Acreage Available.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017