40
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1500 The High RD
About This Property
The flexible floor plan includes a main-level guest bedroom with full bath, a large laundry room, and multiple living spaces for everyday comfort or entertaining. Upstairs, the primary suite offers serene views and a spa-inspired bathroom with soaking tub, oversized steam shower, and generous storage in the two primary closets (one even has a stackable washer/dryer). Additional bedrooms, a media room (currently used as a fifth bedroom), and a second living area with built-in bookcases provide exceptional versatility.
Outdoor living is a standout with multiple fruit trees, scenic views, a pool, spa, outdoor kitchen, pool shed, and two level grassy lawn sections with ample room for activities or future improvements. A detached heated and cooled flex space-originally designed as a third-car garage-adds flexibility for a gym, office, podcast space or studio, or the option to convert back to garage use.
Ideally located near downtown Austin while maintaining the privacy and prestige of Westlake, the property is also zoned to Eanes ISD, offering access to one of the area's most highly regarded public school districts.
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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%.
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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 |
|---|---|---|---|
| Aug 17, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 9, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 8, 2026 | Listed by E-Rae Realty | $3,450,000 | |
| Listed by E-Rae Realty | |||
| May 16, 2026 | Price Decreased |
$3,590,000
↓ $160K
(4.3%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by Spyglass Realty | $3,750,000 | |
| Listed by Spyglass Realty | |||
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Located in one of Westlake’s most desirable settings, this refined modern residence offers privacy, thoughtful design, and elevated Hill Country living on a large, secluded lot. Built in 2017, the home blends clean architectural lines with warm finishes and exceptional indoor–outdoor flow. The main living spaces are light-filled and open, anchored by a designer kitchen featuring marble countertops, a spacious island, Wolf six-burner range, Sub-Zero refrigerator, wine fridge, ice maker, built-in Miele espresso maker, and a butler’s pantry. Expansive sliding doors connect the living area to a screened-in porch with a fireplace and scenic views beyond.
The flexible floor plan includes a main-level guest bedroom with full bath, a large laundry room, and multiple living spaces for everyday comfort or entertaining. Upstairs, the primary suite offers serene views and a spa-inspired bathroom with soaking tub, oversized steam shower, and generous storage in the two primary closets (one even has a stackable washer/dryer). Additional bedrooms, a media room (currently used as a fifth bedroom), and a second living area with built-in bookcases provide exceptional versatility.
Outdoor living is a standout with a pool, spa, outdoor kitchen, pool shed, and two level grassy lawn sections with ample room for activities or future improvements. A detached heated and cooled flex space—originally designed as a third-car garage—adds flexibility for a gym, office, podcast space or studio, or the option to convert back to garage use.
Ideally located near downtown Austin while maintaining the privacy and prestige of Westlake, the property is also zoned to Eanes ISD, offering access to one of the area’s most highly regarded public school districts.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017