Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107-109 Scudder Ln Wimberley, TX 78676

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,190,000

    Four fully remodeled cottages on Cypress Creek, successful short-term rentals.

    Lot size:
    1.15 Acres

    Property Features for 107-109 Scudder Ln

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    1.15 Acres

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Jared English
    Source: Elliman

    Listing Agency: CONGRESS REALTY Listing Agent: Jared English

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Waterfront Investment Property

    This is a turnkey waterfront investment opportunity featuring four fully remodeled cottages located on Cypress Creek. Each cottage includes a private hot tub, deck, and full kitchen. The units are operated as highly successful short-term vacation rentals, delivering an average of approximately a 7% cap rate and a $131,610 average Net Operating Income (NOI), which has been CPA-verified based on a 5-year average. The sale encompasses all land, improvements, FF&E (furniture, fixtures, and equipment), business infrastructure, and major recent upgrades. There are no city or ETJ restrictions, hotel taxes, or big box competition. Wimberley is a prime destination for year-round leisure guests. Flexible management options are available, including self-operation, outsourcing, or leasing. The property benefits from a high repeat guest rate and a robust direct booking model, with 90% of bookings made directly and 10% through Online Travel Agencies (OTAs). Marketing assets are also available.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wimberley
    County
    Hays
    State
    Texas
    Longitude
    -98.1061132
    Latitude
    30.0129044

    Nearby Similar for Sale

    • New
      $550,000
      477 SF

      Unrestricted Acres in Wimberley, Texas

      Private 17.47-acre Hill Country retreat near Wimberley Square.
      411 Circle Dr, Wimberley, TX 78676
      View Details
    • $1,400,000
      4,493 SF

      Wimberley Hill Country Multi-Residence Compound

      Multi-unit compound with income potential in a thoughtfully improved setting.
      310 Eagles Nest Dr, Wimberley, TX 78676
      View Details
    • $1,994,500
      20.00 Acres

      Wimberley Retreat with Event Venue

      20-acre Hill Country retreat near Wimberley with event venue.
      Oakwood Loop, Wimberley, TX 78676
      View Details
    • $2,499,500
      24.00 Acres

      Hill Country Retreat and Event Venue

      24-acre Wimberley property with log cabin, chapel, and amenities.
      1218 -- Oakwood Loop, Wimberley, TX 78676
      View Details
    • $1,494,500
      12.00 Acres

      Hill Country Retreat with Income Potential

      12-acre Wimberley property with custom home, chapel, and horse barn.
      1218 -- Oakwood Loop, Wimberley, TX 78676
      View Details
    • $980,000

      Unique 10-Acre Venue Opportunity

      10-acre property ideal for short-term rental or wedding venue.
      100 Burnett Ranch Rd, Wimberley, TX 78676
      View Details
    • $4,550,000

      Profitable Businesses in Wimberley Square

      Two properties with established businesses in Wimberley's tourist center.
      314 Wimberley Sq Rd, Wimberley, TX 78676
      View Details
    • $2,200,000

      Wimberley Mixed-Use Investment Opportunity

      Two buildings on 2.32 acres in the Texas Hill Country.
      600 Fm 3237, Wimberley, TX 78676
      View Details
    • $2,200,000

      Wimberley Investment Property For Sale

      Two buildings totaling over 8,800 SF on 2.32 acres.
      600 Fm 3237, Wimberley, TX 78676
      View Details
    • $2,190,000

      Waterfront Cottages Turnkey Investment Property

      Turnkey waterfront investment with four fully remodeled cottages.
      107-109 Scudder Ln, Wimberley, TX 78676
      View Details
    • $1,275,000
      3,309 SF

      Wimberley Commercial Property: 8 Acres

      Multi-income potential, 8 acres, prime location.
      707 Flite Acres Rd, Wimberley, TX 78676
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Four fully remodeled cottages on Cypress Creek, successful short-term rentals.
    Where is this short term rental property located?
    The property is located at 107-109 Scudder Ln Wimberley, TX.
    What is the asking price?
    The asking price for this property is $2,190,000.
    What are key features of this property?
    This property features: - Turnkey waterfront investment with four fully remodeled cottages.; - Proven income generation: ~$131,610 average NOI with ~7% cap rate (CPA-verified, 5-year average).; - Each cottage features a private hot tub, deck, and full kitchen.
    (888) 881-4118
    Request Owner's contact information
    107-109 Scudder Ln Wimberley, TX 78676
    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.
    107-109 Scudder Ln
    Wimberley, TX 78676
    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
    107-109 Scudder Ln Wimberley, TX 78676
    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

    We can help!
    Listing Contact
    Jared English
    Real Estate License ID: 0561973
    (888) 881-4118 (866) 599-5601 (702) 429-1662
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!