With stunning views of the downtown Austin skyline and 360 degree
views of the hill country, this close in land holding is truly a
magical, rare find. Located in the ETJ, the gated property feeds to
amazing schools. Create your private, family compound on 14.47 AC
with mature oak trees (13.97 AC has wildlife exemption) or use the
current structures and remodel as desired. The main residence is a
sprawling, limestone single story with a covered back porch
spanning the back of the home, a guest house, a recreation building
and there is room for horses with a barn already in place. Floor
plans are available in documents section of MLS and SF measurements
are available. Once in a lifetime opportunity to own a country
estate where you can see the city lights from the incredible
outdoor deck atop the 3-story recreation building. As the sun sets,
the skyline twinkles in the distance - enjoy the beauty with no
city noise/traffic. You'll experience the allure of country living
coupled with the convenience of city life. The 78737 zip code is a
unique area offering a tranquil, rural setting amidst the
picturesque Texas Hill Country providing residents with an idyllic
environment. Despite its peaceful setting, you're a short drive
from downtown ATX. Partake in metropolitan amenities, diverse
shopping and dining options plus healthcare facilities while
enjoying the serenity of your residential haven. Everything you
need for a comfortable lifestyle is within reach plus plenty of
opportunities for hiking, biking, picnics, and more. Residents in
the area enjoy nearby restaurants, farmers market, trips to
wineries/breweries - there's always something to engage and connect
with in the community. This estate is a compelling choice for those
seeking a serene, scenic living environment that's conveniently
close to city amenities. Its strategic location, comprehensive
facilities, inclusive community spirit, and stunning natural
environment make it a cherished place to reside for decades.
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.
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