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$4,500,000

2874 Elder Hill Rd, Driftwood, TX, 78619

$4,950,000 ARVInfo
On MarketInfo
Beds1 Beds
Baths2 Bath
Baths1,132 Sq Ft
price_per_sqft$3,975.27 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Half 2Bathrooms Half 2
AppliancesWater Heater, Disposal, Water Softener, Convection Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Refrigerator, Washer, Water Purifier

Exterior

Lot Size51.65 acres

Building Information

Year Built2007
Garage Spaces2

Land Information

APNR113479 01
Lot Number1
SubdivisionTres Arroyos
Land UseFarm And Ranch With Sfr
Legal DescriptionTRES ARROYOS, LOT 1, ACRES 51.65 (2.00 AC HS) TAX CODES:RSP,SHA,ACCD
Census Tract010806
Assessment Year2025

About this property

Gorgeous hill country 51 acres on desirable Elder Hill Road in Driftwood. Hard to find large acreage, which has not been fully developed has plenty of stunning homesites. A beautifully designed Guest House is surrounded by fountains with large screened in porch. The porch steps lead out to the gazebo with amazing views. This one bedroom, 2 bath home with gas fireplace, tall ceilings. 2 car oversize garage with epoxy floors. The Sellers had planned to build the main house in the middle of the property with outstanding views but found that the guest house provided maximum comfort for day-to-day living. Opposite the property is a 1900 sf workshop with separate office, one bedroom and bath. Could easily be converted into another guest house. Ag exempt. Close to the famous Salt Lick Restaurant and Camp Lucy Resort, 12 miles from Wimberly, 8 miles from Dripping Springs and 26 miles to downtown Austin.

Investor Tools

$418,058Estimated Mortgage Balance
$2,176,942Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$4,950,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$27,000 /month
Positive
Cash Flow Estimate:
$9,000 /month

Interested in this property?

Linda Plant

Martha Turner Sotheby's International Realty - Round Top

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,076
$485,930
2025
N/A
N/A
$3,771,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,076
$485,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Franklin Bank Ssb
Building Or Construction Loan
$254,922
No
First
Sep 11, 2007
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,058
$2,147,942
83%
16%
$3,755/mo

City: Driftwood

2874 Elder Hill Rd | Property Details | No Agent List