21
Map
$130,000
●
Condo -
Off Market
1500 Lake Shore Drive #213
Waco, TX 76708
2 Beds
1 Bath
876 Ft²
$946
Est. Monthly
$261
HOA / Fees
10.53%
Cap Rate
About This Property
Ideal location, beautiful unit, functional floor plan, recent
updates and more. Pictures illustrate house furnished and empty to
demonstrate furnishing arrangements and displays the empty rooms
currently ready for move in, clean, fresh and ready for the next
owner. 2024 installed gas water heater and HVAC with Remo HALO air
purifier, both of which are high energy efficiency. Kitchen
appliances include: microwave, glass top electric range,
refrigerator, dishwasher and disposal. Laundry room comes equipped
with full size washer and dryer. Picture yourself here. The patio
enhances the resort style living. Relax overlooking the sparkling
blue pool, without ever leaving the comforts of your own apartment.
In fact you can be doing laundry and still enjoy the freedom
of relaxing in the privacy of your own patio. All this located very
near Baylor University, McLennan College, Waco Airport, Tennis &
Fitness Center and lush green parks. Its all within minutes! This
property suits investment for long term rental or VRBO. You
will find this opportunity checks all the boxes.
Unit Size
876 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$159
Property Type
Condo
Property Taxes
-
HOA Dues
$261
Year Built
1983
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Cap Rate Calculator
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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: 3 months ago (NTREIS #21002650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Price Decreased |
$139,500
↓ $5K
(3.5%) | |
| Price Decreased | |||
| Mar 5, 2026 | Price Decreased |
$144,500
↓ $5K
(3.6%) | |
| Price Decreased | |||
| Jul 18, 2025 | Listed by Bosque Real Estate Inc | $149,900 | |
| Listed by Bosque Real Estate Inc | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: No Garage, Outside
Interior Details
Full Bathrooms: 1
Interior Features: High Speed Internet
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Flooring Type: Laminate
Laundry Features: Electric Dryer Hookup, Washer Hookup, Utility Room, Full Size W/D Area
Exterior Details
Has Property Attached
Square Footage: 876
Security Features: Gated Community, Security Gate, Smoke Detector(s)
Architectural Style: Contemporary
Year Built: 1983
Levels: One
Window Features: Window Coverings
Construction Materials: Siding
Pool Features: Fenced, Outdoor Pool
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
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment
Heating Type: Central
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Internet, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water, Back Yard Maintenance, Full Use of Facilities, 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: Linda Alesi-Miller, Bosque Real Estate Inc
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21002650
Details provided by NTREIS and may not match the public record
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21002650
Details provided by NTREIS and may not match the public record
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