Single-story living in Falconhead West with 2,392 square feet,
three bedrooms each with a walk-in closet, two full baths and a
dedicated office. The open floor plan connects the kitchen,
breakfast area and spacious living room, while an adjacent formal
dining room provides added flexibility for entertaining or everyday
use. Plantation shutters, high ceilings, tile flooring throughout
and an expansive, spa-like primary shower add to the home's appeal.
Major mechanical updates include a new Carrier HVAC system, with
indoor and outdoor units replaced in May 2025, and a new water
heater installed in July 2026. The Manabloc plumbing system allows
individual water lines to be shut off separately for easier
maintenance and winterization. Set on a prominent corner lot, the
home offers a private fenced backyard and an oversized covered
patio designed for outdoor dining, entertaining and relaxing.
Beyond the neighborhood, shopping, dining and recreation are close
at hand. Bee Cave offers the Hill Country Galleria, Whole Foods
Market, Trader Joe's, Falconhead Golf Club, Central Park and an
extensive hike-and-bike trail system connecting Falconhead
Boulevard with Central Park and the Galleria. Nearby Lakeway adds
Lake Travis access, waterfront parks, greenbelts and miles of
trails, while Spicewood offers a more relaxed mix of wineries,
breweries and Hill Country destinations. Served by acclaimed Lake
Travis ISD, this location combines the conveniences of the Lake
Travis area with access to Austin's employment, entertainment and
cultural centers.
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.
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