1704 Center Point LN
About This Property
Bring your architect and builder to capitalize on this rare Lake Travis opportunity! This property features an existing concrete block structure on a solid foundation with utility connections already available. Whether you choose to engineer and build upward on the existing footprint or start completely fresh with an elevated custom design, this site is primed for your vision.
Located steps from the water in a vibrant lakeside setting, this property is ideally positioned as lake retreat or full-time residence. Enjoy Lake Travis water access via the boat ramp, and Crosswater Yacht Club Marina just around the corner. Spend your days exploring nearby Lakeway waterfront parks featuring swimming coves, boat ramps, playgrounds, hiking trails, pavilions, and scenic picnic areas.
Property is located within a designated flood plain; elevated construction required. Deed restrictions apply. No survey on file; buyer to verify all zoning, building codes, elevation requirements, utilities, and boundaries. Cash or private/hard money financing preferred.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Listed by CENTURY 21 Integra | $220,000 | |
| Listed by CENTURY 21 Integra | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017