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16714 Forest WAY
About This Property
Thoughtfully renovated in 2024, the three-level residence was designed to embrace the surrounding landscape and lake views from nearly every room. Old World influences including a stone facade, Spanish tile roof, central courtyard with fountain, and covered terraces are balanced by sophisticated contemporary interiors featuring light oak flooring, oversized windows, and abundant natural light.
Anchored by a chef's kitchen with a Wolf six-burner range, oversized island, walk-in pantry, and wine storage, the residence was designed for both intimate evenings and large-scale entertaining. Expansive living and dining spaces open to covered terraces with a summer kitchen and outdoor fireplace overlooking the grounds and waters of Lake Travis.
Occupying the entire upper level, the primary retreat features elevated lake views, spa-inspired bath, private office, and fitness or flex space. Generous secondary suites, a private guest casita, and an entertainment-focused lower level with full bar, media lounge, recreation area, and guest accommodations create flexibility for hosting.
The grounds offer expansive flat lawns shaded by mature trees with room for a future resort-style pool. At the shoreline, a dedicated lakeside pavilion with wet bar, fireplace, covered terrace, and half bath creates a remarkable setting for entertaining beside the water.
For boating enthusiasts, the estate is equipped with a private boat ramp, floating two-slip dock, jet ski lifts, storage, and elevated sun deck positioned to capture Lake Travis sunsets and beyond.
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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.
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 26, 2026 | Listed by Compass RE Texas, LLC | $6,600,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017