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12604 McNelly TRL
About This Property
Move in with total peace of mind! This home has been updated with major high-ticket items and fresh finishes. Infrastructure improvements include a recent roof, HVAC system, and Irrigation system. Outdoor living updates include an improved deck and professional landscaping designed to complement and enhance the greenbelt views. Interior refreshes include recent carpeting, updated lighting, and fresh interior paint.
The large, private backyard with a fire pit extends the home, leading directly to the community's walking trails. Enjoy the quiet of the Hill Country without rear neighbors while being part of the premier Steiner Ranch community.
This neighborhood offers resort-style living with three community centers featuring pools, parks, and tennis courts. Residents gain exclusive access to the private Lake Club on Lake Austin for waterfront fun. You are also just minutes from the UT Golf Club and local shopping. Students attend the highly acclaimed Vandegrift High School. With over 20 miles of trails just outside your door, this home provides a rare connection to nature.
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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%.
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 5, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$594,000
↓ $31K
(5%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Keller Williams - Lake Travis | $625,000 | |
| Listed by Keller Williams - Lake Travis | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jan 14, 2021 | Listed by Keller Williams - Lake Travis | $450,000 | |
| Listed by Keller Williams - Lake Travis | |||
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A great buy in the Plateau section of Steiner Ranch! This charming home is tucked beneath a canopy of mature oaks on a beautiful lot that backs to a greenbelt! Youll love the functional open floor plan, the wood-like tile floors downstairs, custom crown moldings, stone fireplace, neutral paint colors throughout and the serene views of the greenbelt, captured through a wall of windows. Plenty of room to entertain in this lovely 3-bedroom home with a two-story foyer, island kitchen with breakfast area that opens to the family room, separate formal dining room and additional living area. Retreat to the spacious master bedroom upstairs which feels like a hideaway in the trees. It connects to a stunning double-vanity bath with garden tub, seamless glass shower and walk-in closet. Step out onto your own private tiered backyard with a gorgeous deck, lots of mature shade trees and fire pit. Walking distance to John Simpson Park and Pool! Enjoy the ease and convenience of Steiner Ranch living with topnotch amenities, nearby shopping/dining and award-winning schools. The manager has listed the unit size as 2247 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017