Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hunt, TX View Lot Title is generated by Realmo AI

    189 Cherry Springs Rd unit 106 Pt S2, Hunt, TX 78024

    View on Map
    Claim this Listing
    For Sale
    $750,000

    LAND - Hunt, TX

    Lot size:
    3.00 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    171
    Last Refresh:
    May 10 at 2:06 pm

    Property Features for 189 Cherry Springs Rd unit 106 Pt S2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Cody Key

    Listing agent Cody Key License #0622365

    Listing office Key and Key Realty PO Box 290469, Kerrville, TX

    Listing date Nov 20, 2025

    MLS# 120917 Listing URL

    Copyright © 2026 Kerrville Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exceptional 360‑degree views overlooking the North Fork Guadalupe River.
    • Access to three different water parks within Guadalupe Ranch Estates subdivision.
    • 3‑acre lot with varied elevation and selectively cleared areas.
    • Pad site already started for construction.
    • Privacy wall on the southern boundary.
    • Electricity available.

    Overview

    This 3-acre view lot is situated on a bluff overlooking the North Fork Guadalupe River in Hunt, TX. The property offers 360-degree views from the hilltop, with elevations ranging from over 2100 feet to 1900 feet at the river bottom. The lot has been selectively cleared and features a pad site that has been started, along with a privacy wall on the southern boundary. Located in the Guadalupe Ranch Estates subdivision, owners have access to three different water parks: a deep water park, a shallow water park, and a lake park. With a 1250 square foot minimum to build, this lot is suitable for a permanent residence or weekend property.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hunt
    County
    Kerr
    State
    Texas
    Longitude
    -99.536
    Latitude
    29.9894

    Nearby Similar for Sale

    • $649,900

      Hunt, TX Home with Bluff Views

      Charming 3-bedroom home with bluff views in Hunt, TX.
      185 -- Cougar Park, Hunt, TX 78024
      View Details
    • $1,275,000
      3,610 SF

      Hill Country Wildlife Retreat

      Stunning stone home on 22.45 acres in Hunt, TX.
      475 River Bend Rd, Hunt, TX 78024
      View Details
    • $1,275,000

      Hill Country Stone Home

      Stunning 4/3 stone home on 22.45 wildlife-exempt acres.
      475 -- River Bend Rd, Hunt, TX 78024
      View Details
    • $499,900

      Expansive Land Parcel in Hunt, TX

      47.2-acre parcel with Hill Country views and Guadalupe River access.
      225 W Camp Fire Trl, Hunt, TX 78024
      View Details
    • $499,900

      Expansive Land in River Bend

      47.2 acres in gated community with Guadalupe River access.
      225 W Camp Fire Trl, Hunt, TX 78024
      View Details
    • $650,000

      30 Acres in Hunt, TX

      Secluded 30-acre property with hunting setup in Hunt, Texas.
      180 -- Bee Hive Rd, Hunt, TX 78024
      View Details
    • $1,800,000
      3,455 SF

      Turnkey Resort-Style Rental Property

      Resort with cabins, glamping tents, lake, and river access.
      190 Stablewood Springs Dr, Hunt, TX 78025
      View Details
    • $1,999,000
      3,455 SF

      Turnkey Resort-Style Rental Property

      Resort-style short-term rental on 27.85 acres near summer camps.
      190 Stablewood Springs Dr, Hunt, TX 78025
      View Details
    • $6,500,000
      6,963 SF

      Texas Hill Country Legacy Ranch

      Refined Western living on 168 acres along Guadalupe River.
      154 Mr Bar Par, Hunt, TX 78024
      View Details
    • $359,500

      Texas Hill Country Land Parcel

      10-acre lot in Hunt, TX, ideal for building a home.
      157 Cedar Cliff Loop, Hunt, TX 78024
      View Details
    • $249,500

      Riverfront Lot in Texas Hill

      1.1-acre riverfront lot in a gated Texas community.
      129 -- Russo Lane, Hunt, TX 78024
      View Details
    • $249,500

      Riverfront Lot in Hunt, TX

      1.1-acre riverfront lot in a gated Texas Hill community.
      129 Russo Ln unit: 3, Hunt, TX 78024
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3-acre view lot overlooking the North Fork Guadalupe River.
    Where is this residential land & home lot located?
    The property is located at 189 Cherry Springs Rd unit 106 Pt S2 Hunt, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Exceptional 360‑degree views overlooking the North Fork Guadalupe River.; Access to three different water parks within Guadalupe Ranch Estates subdivision.; 3‑acre lot with varied elevation and selectively cleared areas.
    (830) 459-0962
    We can help!
    Listing Contact
    Cody Key
    Real Estate License ID: 0622365
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    189 Cherry Springs Rd unit: 106 Pt(S2), Hunt, TX 78024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!