862 Grape Creek Road
About This Property
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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 |
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| Jul 29, 2026 | Listed by Kuper Sotheby's Int'l Realty | $8,200,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Jun 8, 2026 | Listed by Kuper Sotheby's Int'l Realty | $8,200,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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TWO PRIMARY HOMES, GUEST HOUSE, AND 116 ACRES just minutes from Fredericksburg create one of the Texas Hill Country's most compelling legacy property offerings. Designed for multi-generational living and entertaining, Dos Corazon Ranch features two primary residences, a guest house, resort-style pool and spa, and beautifully maintained grounds surrounded by rolling Hill Country views. Casa Santa Barbara is a 6,835 SF Spanish Mission-style residence featuring 3 bedrooms, 3 full baths, 2 half baths, 3 living areas, a private office, and expansive verandas. Mexican tile, reclaimed architectural elements, and distinctive finishes showcase exceptional craftsmanship throughout, as a stunning courtyard with water features welcomes you to the front entrance. The Farmhouse is the second primary home and offers 5,740 SF with 5 bedrooms, 4.5 baths, 2 living areas, a theater room, timber beams, and a dramatic stone fireplace. Additionally, a guest house provides 1,208 SF with 2 bedrooms and 1 bath, ideal for guests, extended family, or ranch staff. The 116 acre ranch is perimeter fenced, wildlife exempt, and home to a resident herd of Blackbuck antelope. Mature oaks, gently rolling terrain, and thoughtful land stewardship create a park-like setting with exceptional privacy and long-range views. Infrastructure includes a paved internal road system, 3 water wells, 3 septic systems and 2 Generac generators. Located minutes from Fredericksburg's Main Street, acclaimed wineries, fine dining, and Gillespie County Airport, Dos Corazon Ranch offers a rare combination of luxury, privacy, and accessibility. Whether envisioned as a primary residence, private retreat, or legacy property, opportunities of this scale, quality, and versatility are increasingly difficult to find.
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| Apr 2, 2026 | No longer available | - | |
| No longer available | |||
| Nov 17, 2025 | Listed by Kuper Sotheby's Int'l Realty | $10,500,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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TWO EXCEPTIONAL ESTATE HOMES set on 116 acres of rolling Texas Hill Country just minutes from Fredericksburg - Dos Corazon Ranch is more than a property, it's a rare opportunity to create a lasting legacy. As Fredericksburg emerges as a premier destination for wine, wellness, culinary experiences and luxury tourism - this private estate offers a level of peace, natural beauty, and craftsmanship that is increasingly difficult to find. Thoughtfully designed as a generational family compound, the ranch
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| Nov 16, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017