39
Map
TBD Saddle Ridge DR
About This Property
Lot 7 offers a beautiful homesite within a private, ranch-style community featuring paved roads, gated access, and wide-open spaces. The property showcases classic Hill Country terrain with a blend of open pasture, native grasses, and mature tree cover, creating an ideal setting for a primary residence, weekend retreat, or legacy property.
Beyond the POA boundaries, the ±47 acres present a rare opportunity for additional use and development. With a minimum subdivide size of approximately 3 acres (buyer to verify), this tract offers flexibility for future parceling, multiple homesites, recreational use, or long-term investment hold. The land features natural elevation changes, scenic views, and a mix of wooded and open areas that support a variety of uses.
Whether you're looking to build within a gated community while maintaining additional acreage for privacy, create a multi-generational compound, or capitalize on future development potential, this property delivers a combination that is increasingly difficult to find in the Texas Hill Country.
Buyer to verify all restrictions, utilities, and development requirements.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 1, 2026 | Price Decreased |
$999,000
↓ $126K
(11.2%) | |
| Price Decreased | |||
| Apr 2, 2026 | Listed by Keller Williams Realty | $1,125,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017