1517 County Road 132a RD
About This Property
This quiet, calm cove offers easy access to the full lake without the heavy boat traffic and harsh waves-ideal for fishing, swimming, paddleboarding, and kayaking. Cruise the open lake or relax on the patio, where beautiful mature trees and a refreshing breeze help keep things comfortable even on the hottest Texas days.
The home offers three bedrooms and three bathrooms upstairs, plus an additional non-air-conditioned bedroom, bathroom, and storage area on the lower level. With covered parking for four vehicles and an ideal setup for relaxing and entertaining, it is the perfect place to make lasting memories with family and friends.
Located just over an hour from Austin and minutes from downtown Kingsland, H-E-B, Boat Town Burger Bar, and Wakepoint LBJ, this exceptional waterfront property provides an easy escape from the hustle and bustle. Experience Lake LBJ living at its finest!
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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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by van Heuven Properties | $950,000 | |
| Listed by van Heuven Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017