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$1,399,000

For Sale - Active
324 Ridge Pt, Spring Branch, TX 78070
3 Beds
4 Baths
4,092 Square Feet
0.00 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Oct 19, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
-$2,498
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Property Description


0.00 Acres Lot
Built in 2021
For Sale - Active
Units n/a

Open House 10/25 11-2pm! Experience elevated Hill Country living with this exceptional custom home by Cimarron Design and Build, perfectly situated on 3.63 acres in the sought-after Mystic Shores community. Designed to showcase sweeping views and unmatched privacy, this 2021-built masterpiece offers 4,092 sq. ft. of refined living space, including 3 bedrooms and 3.5 bathrooms, loft and game room. The property is thoughtfully designed for both comfort and entertaining, featuring a detached second garage, a charming gazebo, and a hot tub-ideal for enjoying the stunning natural surroundings. Inside, upscale finishes abound, from reclaimed Pennsylvania barn beams to hand-crafted Moroccan Zellige and Takarka Studios tiles. The chef's kitchen is a standout with a 48-inch Blue Star gas range, matching refrigerator, custom plaster range hood, and a spacious butler's pantry. Additional upgrades include a 400-amp electrical main, Pentair Pelican water system, fully insulated garage, Sonos surround sound wiring, and a comprehensive CCT camera system for peace of mind. Every detail has been considered, from the imported brick exterior and standing seam galvalume roof with rain chains to the pre-installed utilities for a future pool. Large windows throughout the home bring in natural light and frame distant lake views, while the expansive back patio offers a seamless transition from indoor to outdoor living. The primary suite is a private retreat with a spa-like bath, soaking tub, dual vanity, dual-head walk-in shower, and a dream-worthy closet. Located in Mystic Shores, residents enjoy world-class amenities including lakeside parks, pools, pickleball courts, nature trails, and private access to both Canyon Lake and the Guadalupe River-all just a short drive from San Antonio and Austin. This home is truly a rare offering in one of the Hill Country's most coveted communities.

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Location


Property Details


Parking

  • Description: Four or More Car Garage
  • Details: Garage Door Opener, Oversized, Detached, Attached, Garage Faces Rear
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Metal

HOA

  • Has HOA: Yes
  • Association: MYSTIC SHORES
  • HOA Fee: $420/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 360150166100
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story
  • Year Built: 2021

Tax Information

  • Annual Tax: $9,723

Utilities

  • Heating: Propane, Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Comal

Listing Details


Listed by:
Michael Lugo
eXp Realty
(210) 289-6293

Source:
San Antonio Board of REALTORS
MLS#: 1894861
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$2,498
Cap Rate
3.5%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$1,399,000
Amount financed:
-$1,119,200
Down payment:
$279,800
Closing costs:
$41,970
Rehab costs:
$0
Initial cash invested:
$321,770
Square feet:
4,092
Cost per square foot:
$342
Monthly rent per square foot:
$1.76

Financing Details

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Loan amount:
$1,119,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,621
Property tax:
$810
Insurance:
$504
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,935

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$7,200 $86,400
Vacancy loss: (6%)
6% -$432 -$5,184
Operating income:
$6,768 $81,216

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$810-$9,723
Insurance: (7%)
7%-$504-$6,048
Property management: (8%)
8%-$576-$6,912
Repairs & maintenance: (5%)
5%-$360-$4,320
Capital expenditures: (5%)
5%-$360-$4,320
HOA fees: (0%)
0%-$35-$420
Total operating expenses: (37%)
37%-$2,645-$31,743

Cash Flow


Monthly Yearly
Net operating income:
$4,123 $49,476
Mortgage payments:
-$6,621 -$79,452
Cash flow:
-$2,498 -$29,976