8300 SPANISH OAK CIR
About This Property
This charming Hill Country ranchette sits on 3.95 acres, tucked away in its own private retreat yet just minutes from Austin. A welcoming front porch introduces a home filled with warmth, character, and evident care. While classic in style, the home has been thoughtfully updated over time and features hardwood flooring, a renovated kitchen, a spacious and functional mudroom/laundry room, and a dedicated office.
The primary suite is located on the main level with a renovated ensuite and walk-in closet. Tall ceilings and abundant natural light create an easy, comfortable flow throughout. Upstairs offers a flexible living area with two bedrooms and a full bath-ideal for guests, family, or creative use.
A wall of windows spans the back of the home, opening to a covered patio overlooking the pool, established gardens, and nearly four acres of usable land-perfect for play, projects, or simply room to breathe.
An approximately 800 sq ft workshop is well suited for a serious woodworker or hobbyist, complete with professional-grade tools and equipment (available for purchase). The space could also be reimagined as an art studio, office, party barn, or future casita. The property is serviced by both well and city water, with the well supporting the pool and gardens and city water serving the home. Low taxes, low HOA, and a setting that invites you to slow down and stay awhile.
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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 |
|---|---|---|---|
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Listed by Compass RE Texas, LLC | $1,275,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017