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1020 Mountain Leather DR
About This Property
Inside, expansive windows fill the home with natural light while highlighting the open-concept design made for entertaining. The chef's kitchen flows seamlessly into the living and dining spaces, creating an inviting atmosphere for hosting family and friends after a day on the lake or golf course.
Featuring two spacious primary suites, this flexible floor plan is perfectly suited for multigenerational living, visiting guests, or a hill country second home lifestyle. Every detail was curated with both functionality and style in mind, from the designer finishes to the generous storage and tandem 3 car garage.
This home brings the Horseshoe Bay lifestyle of peaceful mornings with panoramic views, evenings under the Texas sky, and convenient access to world class golf, Lake LBJ, resort amenities, dining, and outdoor recreation.
Book your private showing to experience the best of Hill Country living in a move in ready modern residence!
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Cap Rate Calculator
What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 21, 2026 | Price Decreased |
$949,999
↓ $50K
(5%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by Compass RE Texas, LLC | $999,900 | |
| Listed by Compass RE Texas, LLC | |||
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About Horseshoe Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017