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$1,425,000

For Sale - Active
384 Blue Diamond, Boerne, TX 78006
5 Beds
6 Baths
4,473 Square Feet
0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 21, 2025 at 03:39AM

Investment Summary


Monthly Cash Flow
-$2,409
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Property Description


0.00 Acres Lot
Built in 2019
For Sale - Active
Units n/a

Set on 3.69 acres in the picturesque Texas Hill Country, this exceptional home boasts sweeping, panoramic views and is located within the exclusive gated community of Diamond Ridge in Boerne. This 5-bedroom, 4 full and 2 half-bath residence combines luxury and comfort in a beautifully designed open-concept layout, perfect for entertaining. With a spacious living area featuring soaring ceilings, a grand wood-burning fireplace, White Oak ceiling beams, custom built-ins, and elegant French Oak hardwood floors throughout. Custom and designer wallpaper in office and jack and Jill bathroom. Sliding glass doors lead to a large covered patio, creating seamless indoor-outdoor living ideal for hosting gatherings or simply enjoying the peaceful surroundings and breathtaking sunsets. The large kitchen features a six-burner gas cooktop, farmhouse sink, large dual islands with room for seating, and custom soft-close wood cabinetry. A large dining area surrounded by picture windows frames the spectacular views. The primary suite is a serene retreat with room for a cozy sitting area and direct access to the back patio. The ensuite bathroom features a walk-in shower with dual shower heads, a freestanding tub, dual White Oak vanities, and a spacious walk-in closet with built in shelving. A bonus space can be used as a second living area, home gym, or craft room. Upstairs, a generous game/theater room with wet bar and half bath offers the perfect space for movie night or entertaining friends. Diamond Ridge residents enjoy exclusive access to a private lake with a fishing dock, pavilion, and basketball and tennis courts. Zoned in top-rated Boerne ISD and just a short drive from historic downtown Boerne, this home offers a resort-style lifestyle in a private, tranquil setting.

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Location


Property Details


Parking

  • Description: Two Car Garage, Attached, Side Entry, Oversized
  • Details: Garage Door Opener, Circular Driveway
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 6.0

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: DIAMOND RIDGE PROPERTY OWNERS ASSOCIATION
  • HOA Fee: $1,400/annually

Land Information

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

Lot Information

  • Parcel ID: R48959
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story, Contemporary
  • Year Built: 2019

Tax Information

  • Annual Tax: $11,154

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Kendall

Listing Details


Listed by:
Steven Noriega
Keller Williams Legacy
(210) 601-1092

Source:
San Antonio Board of REALTORS
MLS#: 1853634
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$2,409
Cap Rate
3.7%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-4.5%

Purchase Details

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Purchase price:
$1,425,000
Amount financed:
-$1,140,000
Down payment:
$285,000
Closing costs:
$42,750
Rehab costs:
$0
Initial cash invested:
$327,750
Square feet:
4,473
Cost per square foot:
$319
Monthly rent per square foot:
$1.74

Financing Details

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Loan amount:
$1,140,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,744
Property tax:
$930
Insurance:
$546
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,220

Operating Income

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% Rent Monthly Yearly
Gross rent:
$7,800 $93,600
Vacancy loss: (6%)
6% -$468 -$5,616
Operating income:
$7,332 $87,984

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$930-$11,155
Insurance: (7%)
7%-$546-$6,552
Property management: (8%)
8%-$624-$7,488
Repairs & maintenance: (5%)
5%-$390-$4,680
Capital expenditures: (5%)
5%-$390-$4,680
HOA fees: (2%)
2%-$117-$1,404
Total operating expenses: (38%)
38%-$2,997-$35,959

Cash Flow


Monthly Yearly
Net operating income:
$4,335 $52,020
Mortgage payments:
-$6,744 -$80,928
Cash flow:
$2,409 $28,908