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Map
1500 Lake Shore Drive #402
About This Property
Living at 1500 Lake Shore means enjoying a carefree lifestyle with HOA dues that cover cable, internet, water, sewer, trash, exterior maintenance, common areas, and the community swimming pool. Spend less time worrying about maintenance and more time enjoying everything this wonderful community has to offer. Conveniently located on Lake Shore Drive, you're just minutes from Lake Waco, Baylor University, McLennan Community College, Cameron Park, downtown Waco, shopping, dining, and entertainment. Whether you're looking for your first home, a place to downsize, or a smart investment, Unit 402 offers an exceptional opportunity to enjoy comfortable living in a prime Waco location.
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Cap Rate Calculator
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%.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Aug 30, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Listed by Camille Johnson | $149,999 | |
| Listed by Camille Johnson | |||
| Aug 27, 2021 | No longer available | - | |
| No longer available | |||
| Aug 20, 2021 | Listed by The McLeod Company | $130,000 | |
| Listed by The McLeod Company | |||
| | |||
|
This two-bedroom, one-and-a-half-bathroom condo offers a long list of updates and a highly sought-after location on Lake Shore Drive! This gated complex is just a short drive to Lake Waco, MCC, Baylor, Cameron Park, downtown dining, and everything else Waco has to offer! This cozy unit offers a functional layout, granite countertops, a full-size laundry room, and a charming back patio with nice views and extra storage. Metal shelving was added to the generously sized closets for maximum storage. The electric bill is lower than ever thanks to the recently added insulation and new energy efficient windows and sliding glass door! All kitchen appliances convey including the brand-new refrigerator purchased in 2021! This unit is conveniently located towards the back of the complex where you can enjoy ample parking, nice views on the private back patio, and a short walk to the pool! The HOA dues cover almost everything including your cable, internet, water, sewer, trach, maintenance of the common areas, and maintenance of the pool. Call today for a tour of this affordable home! The manager has listed the unit size as 996 square feet.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
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
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017