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1401 Emerald RD
About This Property
This property features direct waterfront and lakefront access, complete with a gravel and rocky shoreline. The fenced lot provides a clear boundary while showcasing panoramic views of the open waters and rolling hills. A paved road and paved path run alongside the water, offering convenient access throughout the property.
Positioned on an elevated natural parcel, the land is dotted with mature shade trees that provide natural beauty and cover. The setting offers an outstanding backdrop for quiet relaxation or outdoor enjoyment by the water.
This waterview property presents a rare opportunity to own a piece of shoreline in a highly desirable Leander location. Contact us today to learn more about this exceptional parcel.
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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 |
|---|---|---|---|
| Sep 26, 2026 | Listed by All City Real Estate | $150,000 | |
| Listed by All City Real Estate | |||
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About Highland Lake Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017