Captivating Panoramic Lake Travis & Texas Hill Country views greet
you!! Direct access to the water is easily achievable via stairs
leading straight to the shoreline for kayaking, fishing, or soaking
in the sun. Additionally, an adjacent lot is available to purchase
providing added value, privacy, expansion, or for your specific
outdoor vision. Step outside to multiple decks-including
lower-level bench seating ... descend stairs straight to the
water's edge. *Short Term Rentals ARE allowed for the opportunity
to make this an Income Producing Property* Soaring ceilings, a
uniquely designed beamed great room ceiling, and propane fireplace
set the stage for effortless entertaining, while walls of windows
bring panoramic lake views 'inside'. The chef's kitchen is nothing
short of spectacular: Viking propane cooktop, double ovens,
Sub-Zero refrigerator, beverage fridge, ice machine, trash
compactor, and a pantry with coffee bar. Dine at the kitchen bar or
a dedicated dining area, then spill out onto expansive decks that
practically float above the water for outdoor living and al fresco
dining.The upper-level primary suite is a private retreat with a
small balcony overlooking the lake. A soaking tub, walk-in shower,
& massive walk-in closet with built-ins are highlights of the
luxurious primary bath. The second level guest bedroom has an
en-suite bath plus there is a main level bedroom for guests - or
those not preferring stairs - with an adjacent full bath.
A second level study/office with built in desks and shelving
overlooks the living area below. Set on calm, pristine waters
perfect for skiing, boating, and world-class fishing, the home is
within the gated Windermere Oaks community featuring three pools,
tennis courts, a marina where boat slips are frequently available
to purchase or lease, and a private boat launch for Windermere
property owners. You will also be close to Spicewood's 88R
Airstrip for private fly-in access. Welcome to your new Lake Travis
Retreat!
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Last updated: 2 months ago (Unlock MLS #ACT5469323)
Price History
Date / Event
Date
Event
Price
Sep 11, 2026
Relisted
$995,500
Relisted
Sep 8, 2026
In contract
-
In contract
Jun 20, 2026
Relisted
$995,500
Relisted
Jun 19, 2026
In contract
-
In contract
May 7, 2026
Price Decreased
$1,150,000
↓ $25K
(2.1%)
Price Decreased
Jan 6, 2026
Price Decreased
$1,175,000
↓ $75K
(6%)
Price Decreased
Aug 21, 2025
Listed by Keller Williams Realty
$1,250,000
Listed by Keller Williams Realty
Oct 6, 2021
No longer available
-
No longer available
May 30, 2020
In contract
-
In contract
May 7, 2020
Price Decreased
$35,000
↓ $5K
(12.5%)
Price Decreased
Apr 1, 2020
Listed by Keller Williams - Lake Travis
$40,000
Listed by Keller Williams - Lake Travis
2 lots available, also sold together. Build your dream home near the lake in desirable Windermere Oaks! Located in a gated community, the Center Cove lots are "building pad site" properties within walking distance to water. Build on the lot & also own interest in the waterfront & common area. 1800sqft min build requirement w/affordable water access & low tax rate. Community has 3 pools, 2 tennis courts, boat launch, boat slip. Small Airport Nearby. Copy/paste link for video: https://bit.ly/CenterCoveVideo
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