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12000 Portobella DR
About This Property
Inside, a complete interior renovation raises the bar at every turn. The open-concept main level features hardwood floors throughout, a fireplace in the living room, a formal dining room, and a breakfast nook. The kitchen is the centerpiece: custom cabinetry, a marble waterfall island with an integrated sink, and over $25,000 spent on appliance package that performs as well as it looks. Natural light fills every room, and the layout connects directly to the outdoor living area for effortless entertaining.
The first-floor primary suite includes crown molding, a barn door entry to the en-suite bath, a soaking tub, tiled shower, marble dual vanity, and a custom built-in closet. A dedicated first-floor home office with built-in storage is ready for the work-from-home professional, and a second upstairs bedroom is currently configured as a second office with built-ins. The second floor adds a generous loft, three additional bedrooms, and two full baths.
Zoned to Leander ISD, with Steiner Ranch Elementary, Canyon Ridge Middle School, and Vandegrift High School assigned. Residents enjoy access to The Lake Club on Lake Austin, three community centers with pools and tennis courts, and 20 miles of hiking and biking trails. The University of Texas Golf Club is minutes away.
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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%.
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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 19, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Keller Williams - Lake Travis | $1,100,000 | |
| Listed by Keller Williams - Lake Travis | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017