$198,000
●
Condo -
Off Market
1500 Lake Shore Drive
Waco, TX 76708
2 Beds
1 Bath
876 Ft²
$1,234
Est. Monthly
$261
HOA / Fees
8.95%
Cap Rate
About This Property
Unit #214
Incredible updated condo off of Lake Shore Dr. Almost everything has been touched and made into a beautiful space. This would be perfect for a young couple or a great investment opportunity for STR or long term. There is a community pool just steps away to enjoy when the water gets too hot. Along with the use of the pool, the HOA fee covers your water, internet and basic cable. The unit is currently fully furnished and can be bought that way with a full price or better offer.
Incredible updated condo off of Lake Shore Dr. Almost everything has been touched and made into a beautiful space. This would be perfect for a young couple or a great investment opportunity for STR or long term. There is a community pool just steps away to enjoy when the water gets too hot. Along with the use of the pool, the HOA fee covers your water, internet and basic cable. The unit is currently fully furnished and can be bought that way with a full price or better offer.
Unit Size
876 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$226
Property Type
Condo
Property Taxes
-
HOA Dues
$261
Year Built
1983
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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: 2 years ago (NTREIS #228842)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2025 | No longer available | - | |
| No longer available | |||
| Mar 12, 2025 | Listed by Lake Country Real Estate | $198,000 | |
| Listed by Lake Country Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: No Garage, Parking Lot, Paved
Interior Details
Full Bathrooms: 1
Interior Features: Cable TV Available, High Speed Internet Available
Appliances: Disposal, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
Flooring Type: Vinyl, Wood
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 876
Year Built: 1983
Construction Materials: Siding
Patio and Porch Features: Patio
Pool Features: Fenced, In Ground, Outdoor Pool
Pool is Private
Lot Size Area: 0.0743
Lot Size Units: Acres
Lot Size Acres: 0.0743
Lot Size Square Feet: 3236.508
Tax Lot: 4
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Location Details
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: Thomas Hanson, Lake Country Real Estate
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 228842
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 228842
Details provided by NTREIS and may not match the public record
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