1318 Contour DR
About This Property
Welcome to your beautifully remodeled, fully furnished lakefront retreat in the desirable Longhorn Valley community on constant-level Lake LBJ. This 2-bedroom, 2-bath home offers direct waterfront access, a private dock, and sweeping views of Log Country Cove-perfect for swimming, kayaking, and fishing right from your backyard.
Step inside to an inviting open-concept layout featuring a modern kitchen, spacious living and dining areas, and large windows that flood the home with natural light and picturesque lake views. Both bathrooms have been tastefully updated to blend comfort and style.
Whether you're relaxing on the covered porches, enjoying the private dock, or exploring the community's private island and nearby boat ramp, this home offers the perfect setting for full-time living, weekend getaways, or short-term rental potential. Just minutes from Longhorn Caverns and Inks Lake State Park, and sold fully furnished-this lakefront gem is ready for you to move in and start making memories.
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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 |
|---|---|---|---|
| Nov 1, 2025 | No longer available | - | |
| No longer available | |||
| Jul 26, 2025 | Relisted | $750,000 | |
| Relisted | |||
| Jul 3, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Compass RE Texas, LLC | $799,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017