Selected for the Terner Labs Housing Venture Lab

300 DEER LAKE ESTATES, Wimberley, TX 78676

Active
Listed 90 days ago
Owner-Occupant Eligible
$1,149,000

About $6,845 a month to live here, after the rent from the other home.

House + ADU2,154 sqft3 beds2 bathsListed Aug 14, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$6,845a month

The second home on the lot rents for $944. We hold back $170 of that for repairs and an empty month, and the rest goes toward a $7,619 monthly payment.

Income to qualify: about $204,000 a year

With how much down?

At 20% down ($229,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $150,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$34,470 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

This is the place where family traditions begin. Set on 4.95 park-like acres with 385 feet of Lone Man Creek frontage, this private retreat is tucked away on a quiet dead-end road in Deer Lake Estates, just 6 miles from the Wimberley Square. Towering shade trees, abundant wildlife, and the sounds of the creek create a setting that's hard to find and impossible to duplicate. The charming native stone cabin is full of Hill Country character with exposed beams, stone walls, a country kitchen, and a covered porch overlooking the property. A separate guest house with a private patio, outdoor shower, and hippie hot tub has been successfully used as a short-term rental and provides the perfect space for family and friends. There is also the potential to use the entire property as a short-term rental retreat. Designed for gathering, the outdoor spaces are what make this property truly special. Spend your days swimming in the pool with its waterfall, kayaking or fishing in Lone Man Creek, enjoying evenings under the covered pavilion with outdoor kitchen, or making memories with kids, grandkids, and friends around the property. Whether you're looking for a weekend escape, a place where adult children will want to come home, or a multigenerational family retreat, this is a property that brings people together and creates memories for generations to come.

House + ADU

Property Type

215,970 sqft

Lot Size

1977

Year Built

Listing Date: 08/14/2026

Listed by: Chloe Gatewood

Listing office: Hills Of Texas Sky Realty

Contact: (512) 779-7288

Source: Unlock MLS #ACT5872957

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,149,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,149,000
Your Down Payment$229,800
Financed$919,200
Estimated Monthly Payment$7,619

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($229,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$7,619/month
Principal + Interest
$5,511
Property Taxes
$1,752
Home Insurance
$356
Rental Income (1 Unit)
$944/month

From the listing description.

Rental Expenses
-$170
Cost to live here
$6,845/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

Unlock MLS logo

MLS# ACT5872957 · Listing office: Hills Of Texas Sky Realty

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.