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Map
111 Nelray BLVD #1
About This Property
This unique energy continues at 111 Nelray Building 1, a home that blends classic charm with modern elegance. Its Old Texas Brick facade and striking cantilevered window set the tone, while the oversized custom iron door invites you into a thoughtfully designed interior. Features like arched drop zones, custom cabinetry, and soaring 10-foot ceilings create a curated yet comfortable space.
The open floor plan centers on an alfresco breakfast patio, ideal for leisurely mornings, and a living room anchored by a stunning fireplace. A 12-foot-wide sliding door opens to a chic covered porch and sparkling pool-your private Austin oasis. Outside, enjoy a setup for an outdoor kitchen, lush landscaping with irrigation, and a large privacy fence, perfect for entertaining.
The kitchen is a chef's dream, boasting Bertazzoni appliances, a butler's pantry, and sleek finishes, while a custom bar with an under-cabinet fridge keeps refreshments close. Upstairs, sunlit guest suites, a bold home office, and a serene primary suite await. The primary retreat features cathedral ceilings, a private terrace for stargazing, and a spa-like ensuite with a freestanding tub. Charming details like built-in shelving and cozy window benches enhance the guest spaces.
Brought to life by De Paz & Co., Hayat Homes, and Canedo Builders, 111 Nelray is more than just a house-it's a reflection of Austin's spirit, tailored for modern living. Schedule your tour today and secure your place in this enchanting community!
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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 |
|---|---|---|---|
| Jan 6, 2025 | No longer available | - | |
| No longer available | |||
| Dec 19, 2024 | Listed by Compass RE Texas, LLC | $1,425,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2025
|
4 Bed
|
3 Bath
|
1830 ft²
|
$1,069,000
4 Bed
3 Bath
1830 ft²
|
-
-
|
Jeremy De Paz
Compass RE Texas, LLC
| |
|
12/19/2024
|
4 Bed
|
3 Bath
|
2288 ft²
|
$1,425,000
4 Bed
3 Bath
2288 ft²
|
-
-
|
Jeremy De Paz
Compass RE Texas, LLC
| |
|
03/14/2024
| |
2 Bed
|
1 Bath
|
720 ft²
|
$635,000
2 Bed
1 Bath
720 ft²
|
$540,000
-14.96%
03/14/2024
|
Vivian Auerbach
eXp Realty, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017