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1616 Illawarra WAY
About This Property
With over $250,000 in upgrades, this home is a true showcase of luxury and thoughtful design. Rich wood flooring flows
throughout the first level. Soaring ceilings in the foyer and living room, paired with two stories of windows and upgraded 15'
x 8' sliding glass doors, fill the home with natural light. The gourmet kitchen is a standout, featuring upgraded Wisenbaker
cabinetry with uppers, a designer backsplash, Cafe appliance package, upscale hood vent, upgraded level 6
countertops ($24,786 upgrade), and a massive center island-ideal for entertaining. Elegant wrought iron spindles lead to
the upper level and a covered balcony ($30K+ upgrade) overlooking the greenbelt. Throughout the home, you'll find
upgraded 8' doors, designer lighting, enhanced trim work, and premium hardware. The flexible floor plan includes the
optional 5th bedroom and 4th full bathroom. The expansive primary suite offers a private sitting area with direct backyard
access, and a luxurious ensuite bath with a mud-set walk-in shower, freestanding tub, and an oversized walk-in closet.
Situated in the highly sought-after Leander ISD and offering a low 2.002% tax rate, this exceptional property delivers on
privacy, comfort, and convenience in one of the area's most desirable communities
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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.
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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 8, 2025 | Listed by Compass RE Texas, LLC | $1,233,750 | |
| Listed by Compass RE Texas, LLC | |||
| Jun 16, 2025 | Withdrawn | - | |
| Withdrawn | |||
| May 15, 2025 | Listed by Compass RE Texas, LLC | $1,233,750 | |
| Listed by Compass RE Texas, LLC | |||
| |||
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Stunning Arabella floor plan by Taylor Morrison on a premium 70’ lot, backing to a private greenbelt with breathtaking views. With over $250,000 in upgrades, this home is a true showcase of luxury and thoughtful design. Rich wood flooring flows throughout the first level. Soaring ceilings in the foyer and living room, paired with two stories of windows and upgraded 15’ x 8’ sliding glass doors, fill the home with natural light.
The gourmet kitchen is a standout, featuring upgraded Wisenbaker cabinetry with uppers, a designer backsplash, Café appliance package, upscale hood vent, upgraded level 6 countertops ($24,786 upgrade), and a massive center island—ideal for entertaining. Elegant wrought iron spindles lead to the upper level and a covered balcony ($30K+ upgrade) overlooking the greenbelt.
Throughout the home, you’ll find upgraded 8’ doors, designer lighting, enhanced trim work, and premium hardware. The flexible floor plan includes the optional 5th bedroom and 4th full bathroom. The expansive primary suite offers a private sitting area with direct backyard access, and a luxurious ensuite bath with a mud-set walk-in shower, freestanding tub, and an oversized walk-in closet.
Situated in the highly sought-after Leander ISD and offering a low 2.002% tax rate, this exceptional property delivers on privacy, comfort, and convenience in one of the area's most desirable communities.
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About Williamson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017