1607 Manana Street
About This Property
Comprising nearly 1.5 acres & ~ 200 ft of Waterfront, huge cypress trees & manicured lawns, this 11,000+/-sqft primary home along w/1,600+ sqft detached guest quarters is gated & private. Home features 3 stories w/elevator & is complete w/media room, adult game room plus a children's game room. Master suite on main level w/direct access to outdoor patio & lake views. All rooms have a private bath & are incredibly spacious. Lake views from most rooms. Incredible light & bright living area opens to kitchen, dining & breakfast area that overlooks manicured grounds, outdoor living area & Lake Austin beyond.
Detached guest quarters offer 2 connected 1/1 apartments each w/their own kitchen, living area, bedroom & bath.
Spectacular outdoor living area, resort-style pool, Beach side & large boat dock w/party deck above complete the picture.
*Buyer to verify square footage*
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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 |
|---|---|---|---|
| May 27, 2021 | No longer available | - | |
| No longer available | |||
| May 10, 2021 | Sold | ||
| Sold | |||
| Mar 12, 2021 | Listed by Keller Williams - Austin SW | $10,995,000 | |
| Listed by Keller Williams - Austin SW | |||
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This Lake Austin Waterfront Home resides on one of the most private, sought after streets On Lake Austin.Accessed off city Park Rd. this area takes you back in time to what Austin used to be like. Ski Shores restaurant, an iconic landmark, is within a short walk. The area still offers large acreage and ranches even directly across the street from the property. Manana is truly at the end of the road with no through traffic. No waterfront homes directly across the lake. Area is surrounded with green space as you travel through Balcones Canyon land preserve on the way to city Park & Manana.The preserve assures the preservation of all the green space you will enjoy on the drive to your new home. The home itself was built by well known builder Michael Dean. Original owner of the home purchased two waterfront lots to accommodate this magnificent estate.Comprising nearly 1.5 acres and approximately 200 ft of Waterfront, huge cypress trees & manicured lawns, this 11,000+/-sqft primary home along with 1,600+ sqft detached guest quarters is gated & private. Home features 3 stories with elevator. Home complete with media room, adult game room & childrens game room on second floor. Master bed on main level with direct access to outdoor patio & lake views. All rooms have private bath & are incredibly spacious. Lake views from most rooms. Room off master bath which could be exercise room, secondary office or flex space. Incredible light & bright living area opens to kitchen, dining & breakfast area overlooking manicured grounds, outdoor living area & Lake Austin beyond. Second story offers 3 private guest suites each with their own bath. Top floor offers a large living area, bathroom & 2nd office or 5th bedroom option.Detached guest quarters offer 2 connected 1/1 apartments each w/ their own kitchen, living area, bedroom and bath. Spectacular outdoor living area, resort-style pool, Beach side & large boat dock with party deck above complete the picture. The manager has listed the unit size as 12555 square feet.
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| Feb 16, 2021 | Listed by Keller Williams Realty Austin | $10,995,000 | |
| Listed by Keller Williams Realty Austin | |||
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This Lake Austin Waterfront Home resides on one of the most private, sought after streets On Lake Austin.
Comprising nearly 1.5 acres & ~ 200 ft of Waterfront, huge cypress trees & manicured lawns, this 11,000+/-sqft primary home along w/1,600+ sqft detached guest quarters is gated & private. Home features 3 stories w/elevator & is complete w/media room, adult game room plus a children’s game room. Master suite on main level w/direct access to outdoor patio & lake views. All rooms have a private bath & are incredibly spacious. Lake views from most rooms. Incredible light & bright living area opens to kitchen, dining & breakfast area that overlooks manicured grounds, outdoor living area & Lake Austin beyond.
Detached guest quarters offer 2 connected 1/1 apartments each w/their own kitchen, living area, bedroom & bath.
Spectacular outdoor living area, resort-style pool, Beach side & large boat dock w/party deck above complete the picture.
*Buyer to verify square footage*
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017