16825 Morelle DR
About This Property
The kitchen is a true showpiece, offering quartz counters, stainless appliances, walk-in pantry, and a large island ideal for casual dining or entertaining. The adjoining dining area blends elegance with ease, perfectly positioned for gatherings.
The main floor features a spacious primary suite with a spa-like bath-massive walk-through shower, free-standing tub, dual vanities, and a fully upgraded walk-in closet. A private guest suite and dedicated office round out the first level. Upstairs, you'll find two additional bedrooms connected by a Jack-and-Jill bath, a large game room, and a pre-wired media room-plus an additional covered patio that takes full advantage of the natural surroundings.
Fully landscaped and ready for a pool, the backyard is equipped with a sprinkler system and gutters. All located within the award-winning Lake Travis ISD, with easy access to Hill Country Galleria, local wineries, and more.
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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 |
|---|---|---|---|
| Oct 22, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Aug 28, 2025 | Price Decreased |
$839,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Jul 25, 2025 | Relisted | $849,000 | |
| Relisted | |||
| Jun 13, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Listed by Redfin Corporation | $849,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017