1536 Cimarron TRL
About This Property
This home boasts 5 spacious bedrooms plus a partially converted garage with 3 full high end bathrooms. Situated in a prime location on Lake LBJ. Meticulously designed with a focus on clean, uncluttered energy, this property is ideal for discerning buyers seeking a premium living experience. The home has been fully remodeled and professionally designed with the most detailed eye.
The spacious and custom gourmet kitchen comes with a massive kitchen island next to the expansive windows with open lakefront views. The primary suite offers breathtaking lake views, providing a serene retreat within your own home. You will have your own spa-like ensuite retreat to escape to within the space.
Step outside to discover a paradise of outdoor amenities. A sparkling pool, massive hot tub, and a full outdoor kitchen with a custom built pergola create an oasis for outdoor relaxation and entertainment. Enjoy the company of loved ones around the fire table while soaking in the awe-inspiring views of Lake LBJ.
Conveniently located near the best local amenities, including coffee shops, restaurants, grocery stores, and charming boutiques. While the home does have a private jet ski ramp that can be converted to a boat ramp, you have easy access to boat ramps and a wealth of recreational opportunities nearby, this property is a gateway to the ultimate lakeside lifestyle.
Don't miss this opportunity to own a piece of lakeside paradise in Kingsland.
Property is currently an operating luxury short term rental. Showings will need to be scheduled around guests. The home has generated nearly $140,000 in gross income this year. All furnishings and inventory available to be sold with the property if desired by the buyer.
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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 |
|---|---|---|---|
| Jul 11, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 2, 2023 | Listed by MODUS Real Estate | $2,350,000 | |
| Listed by MODUS Real Estate | |||
| Mar 23, 2022 | No longer available | - | |
| No longer available | |||
| Feb 16, 2022 | In contract | - | |
| In contract | |||
| Oct 10, 2021 | Listed by True Source Realty | $1,999,000 | |
| Listed by True Source Realty | |||
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Welcome to Your Exciting Get Away Destination on Lake LBJ! If you are searching for a Hill Country Waterfront home to call your own or are perhaps looking to invest in the Vacation Rental Market, this is the home you need to check out. This gem is perfect for large family gatherings, boasting of 3396 sq ft of open and airy living space. With little to no yard to care for, this home is truly a show up and party, then lock up and leave vacation style home. No constant back breaking work to keep you from enjoying the amenities this home offers. Everything you need for outdoor fun is here; a swimming pool surrounded by an enormous party deck with great views of lake LBJ, a concrete and heavy gauge steel boat dock with electric lift, a lakeside fishing/swimming deck, and extra concrete areas to use as you desire. Indoor relaxation and fun is enhanced by a gigantic Media/Game Room where you can watch your favorite movies or sporting events on the big screen while nestled in your comfortable theater recliners that convey with the home purchase. With a large guest bedroom/full bath downstairs, and an enormous Master Suite/Full Bath, plus 2 guest bedrooms, 1 guest bath and a laundry room upstairs, sleeping accommodations are plentiful. If more sleepability is desired, consider making the Media/game room into a combo bunk room as well. Situated 1 min from HEB, 3-4 minutes from Lighthouse Golf Course, and a stone's throw from Boat Town Burger Bar and Grill, vacationing is a snap. Short Term Rentals are allowed!! The manager has listed the unit size as 3396 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017