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Map
1510 Buffalo Gap RD
About This Property
STUNNING VIEWS, DEEP WATER, and ENDLESS OPPORTUNITIES on the South Shore of Lake Travis! The iconic "Mushroom Home" has been revered by lake-goers throughout the years and is now coming to market. Set on over 1 acre of DEEP waterfront with a dock and an additional casita, this property brings big lake energy, unforgettable architecture, and sunset views that do not quit. The location is beyond compare on the south shore in the highly desired Buffalo Gap area, with fewer restrictions and less red tape. A true good ole lake neighborhood! Marketed at land value for the buyer to do as they wish. Family lake compound, STR, or hold until you build. So many options. The lake, the land, and the views are already here.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | No longer available | - | |
| No longer available | |||
| Aug 1, 2026 | Relisted | $1,450,000 | |
| Relisted | |||
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by Christies Intl Real Estate Lone Star | $1,450,000 | |
| Listed by Christies Intl Real Estate Lone Star | |||
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About Buffalo Gap
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$9,975 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017