23
Map
$130,000
●
Condo -
For Sale
1500 Lake Shore Drive #206
Waco, TX 76708
2 Beds
1 Bath
876 Ft²
$1,127
Est. Monthly
$261
HOA / Fees
About This Property
Low-maintenance living and investment potential come together in
this updated 2-bedroom, 1-bath condo located in a gated community.
Inside, you'll find an updated kitchen, functional living space,
and an easy layout that works well for an owner occupant, rental
property, or lock-and-leave lifestyle.
The community offers gated access and a swimming pool, adding extra appeal without the maintenance of a traditional single-family home. Conveniently located with access to shopping, dining, major roadways, and Waco-area destinations, this property offers an affordable opportunity for buyers looking to simplify or investors looking to add to their portfolio.
Whether you're searching for a primary residence, second home, or investment property, Unit 206 offers flexibility, convenience, and low-maintenance ownership in one easy package.
The community offers gated access and a swimming pool, adding extra appeal without the maintenance of a traditional single-family home. Conveniently located with access to shopping, dining, major roadways, and Waco-area destinations, this property offers an affordable opportunity for buyers looking to simplify or investors looking to add to their portfolio.
Whether you're searching for a primary residence, second home, or investment property, Unit 206 offers flexibility, convenience, and low-maintenance ownership in one easy package.
Unit Size
876 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$148
Property Type
Condo
Property Taxes
$227
HOA Dues
$261
Year Built
1983
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 20 days ago (NTREIS #21394624)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by Bramlett Partners | $130,000 | |
| Listed by Bramlett Partners | |||
| Oct 29, 2021 | Sold | ||
| Sold | |||
| Oct 1, 2021 | Listed by Coldwell Banker Apex, REALTORS | $104,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| | |||
|
Nestled in the 1500 condo gated community of the Hillside Village this 2 bedroom 1 bath condo is situated in the upper level with an outdoor balcony and ready for you to move in!! HOA monthly dues covers water, trash, basic cable, electric, Internet, the commons grounds and pool. This low maintenance condo is perfectly located near MCC and short distance to Waco Regional Airport, Waco Regional tennis, water park, Cameron park, and River bend ball park.
| |||
Property Highlights
Parking Details
Parking Features: Gated, Parking Lot
Interior Details
Full Bathrooms: 1
Interior Features: Open Floorplan
Appliances: Dishwasher, Dryer, Microwave, Convection Oven, Washer
Exterior Details
Square Footage: 876
Year Built: 1983
Levels: One
Pool Features: In Ground
Pool is Private
Lot Size Area: 0.074
Lot Size Units: Acres
Lot Size Acres: 0.074
Lot Size Square Feet: 3223.44
Tax Lot: 4
Financial Details
Tax Annual Amount: $2,721
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Management Fees
HOA Fee: $261
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/01/2026
|
3 Bed
|
1 Bath
|
1092 ft²
|
$150,000
3 Bed
1 Bath
1092 ft²
|
$143,000
-4.67%
05/12/2026
|
Daniel Sauceda Jr
Houston Realty
| |
|
07/18/2025
|
2 Bed
|
1 Bath
|
876 ft²
|
$149,900
2 Bed
1 Bath
876 ft²
|
$130,000
-13.28%
08/03/2026
|
Linda Alesi-Miller
Bosque Real Estate Inc
| |
|
03/12/2025
| |
2 Bed
|
1 Bath
|
876 ft²
|
$198,000
2 Bed
1 Bath
876 ft²
|
-
-
|
Thomas Hanson
Lake Country Real Estate
|
|
01/09/2025
|
3 Bed
|
1 Bath
|
1092 ft²
|
$159,000
3 Bed
1 Bath
1092 ft²
|
-
-
|
Daniel Sauceda Jr
Houston Realty
| |
|
12/12/2023
|
2 Bed
|
1 Bath
|
876 ft²
|
$129,900
2 Bed
1 Bath
876 ft²
|
-
-
|
Alison Brown
Paramount Realty & Management
| |
|
11/03/2023
|
2 Bed
|
1 Bath
|
876 ft²
|
$145,000
2 Bed
1 Bath
876 ft²
|
-
-
|
Colleen Hanks
Weichert, Realtors - The Eastland Group
| |
|
12/23/2022
|
3 Bed
|
1.5 Bath
|
1092 ft²
|
$150,000
3 Bed
1.5 Bath
1092 ft²
|
$179,550
+19.70%
02/10/2023
|
Kyle Begor
The McLeod Company
| |
|
09/13/2022
|
3 Bed
|
2 Bath
|
1092 ft²
|
$165,000
3 Bed
2 Bath
1092 ft²
|
-
-
|
Andrea Ridgway
Coldwell Banker Apex, REALTORS
| |
|
05/12/2022
|
2 Bed
|
1 Bath
|
876 ft²
|
$139,900
2 Bed
1 Bath
876 ft²
|
-
-
|
Mario Cruz-Gonzalez
Coldwell Banker Apex, REALTORS
| |
|
11/30/2021
|
2 Bed
|
2 Bath
|
996 ft²
|
$129,900
2 Bed
2 Bath
996 ft²
|
$146,965
+13.14%
12/29/2021
|
James Gilmore
Bentwood Realty
| |
|
10/01/2021
|
2 Bed
|
-
|
876 ft²
|
$104,000
2 Bed
-
876 ft²
|
$103,000
-0.96%
10/29/2021
|
Edwin Diaz
Coldwell Banker Apex, REALTORS
| |
|
10/01/2021
| |
2 Bed
|
1 Bath
|
876 ft²
|
$104,000
2 Bed
1 Bath
876 ft²
|
-
-
|
Edwin Diaz
Coldwell Banker Apex, REALTORS
|
|
08/20/2021
|
2 Bed
|
2 Bath
|
996 ft²
|
$130,000
2 Bed
2 Bath
996 ft²
|
-
-
|
Kyle Begor
The McLeod Company
| |
|
05/06/2021
|
2 Bed
|
1 Bath
|
876 ft²
|
$98,900
2 Bed
1 Bath
876 ft²
|
-
-
|
-
| |
|
04/03/2021
|
3 Bed
|
2 Bath
|
1092 ft²
|
$134,900
3 Bed
2 Bath
1092 ft²
|
-
-
|
-
| |
|
01/10/2021
|
2 Bed
|
-
|
876 ft²
|
$99,000
2 Bed
-
876 ft²
|
-
-
|
Danya Lane
Texas Luxury and Land
| |
|
03/17/2021
|
2 Bed
|
1 Bath
|
876 ft²
|
$85,000
2 Bed
1 Bath
876 ft²
|
-
-
|
-
| |
|
03/17/2020
| |
2 Bed
|
1 Bath
|
876 ft²
|
$75,000
2 Bed
1 Bath
876 ft²
|
-
-
|
-
|
|
01/06/2020
|
2 Bed
|
1 Bath
|
876 ft²
|
$74,900
2 Bed
1 Bath
876 ft²
|
-
-
|
-
| |
|
08/09/2018
|
2 Bed
|
1 Bath
|
876 ft²
|
-
2 Bed
1 Bath
876 ft²
|
-
-
|
-
|
Building Info
1500 Lake Shore Drive
1500 Lake Shore Drive, Waco, TX 76708
- 1 Unit for Sale
About Cedar Ridge
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Listed by: Kimberly N Smith, Bramlett Partners
Last Updated: 20 days ago
Data Source: NTREIS MLS, MLS# 21394624
Details provided by NTREIS and may not match the public record
Last Updated: 20 days ago
Data Source: NTREIS MLS, MLS# 21394624
Details provided by NTREIS and may not match the public record
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