2011 Westlake DR
About This Property
Overlooking the tranquil waters of Lake Austin, this estate boasts the most commanding views of Downtown Austin in all of Westlake and water views. Included with the property is a coveted boat slip at West Harbor Marina, offering a unique opportunity for instant lifestyle gratification.
Capturing the essence of a complete Austin lifestyle, this property is less than 15 minutes to downtown and situated in the the highly acclaimed Eanes School District and boasts an impressively low tax rate.
Architecturally innovative, with a thoughtful floor plan that keeps the views at the forefront, the property offers privacy and serenity. As nature surrounds you in this modern masterpiece, the home unfolds with timeless appeal featuring white oak floors, statuary marble countertops, floor to ceiling windows, and top of the line appliances elevating the culinary experience; all harmonizing aesthetics with functionality.
The property also features two entrances for convenience, one on Westlake Drive with the signature floating bridge entrance and the other, a gated entrance, on Lakeshore Drive. A 3-car garage with additional parking is a rare plus.
Situated on over a half acre, mature landscaping, a pool and spa, and multiple outdoor entertainment areas are yours to enjoy.
Included, and just a short jaunt away, is a Lake Austin boat sip located in the highly desired West Harbor Marina. Nestled on the banks of Lake Austin, the marina boasts a gated entrance, waterfront park, and a spacious covered patio for maximum enjoyment. Minutes away by water from hotspots the Hula Hut, Mozart's and Quince, the fun and adventures of the lake are right at your fingertips.
Experience an unparalleled blend of luxury, lifestyle and convenience.
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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 |
|---|---|---|---|
| Feb 14, 2024 | In contract | - | |
| In contract | |||
| Jan 22, 2024 | Listed by Kuper Sotheby's Int'l Realty | $5,200,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Overlooking the tranquil waters of Lake Austin, this estate boasts the most commanding views of Downtown Austin in all of Westlake and water views.
Capturing the essence of a complete Austin lifestyle, this property is less than 15 minutes to downtown and situated in the the highly acclaimed Eanes School District and boasts an impressively low tax rate.
Architecturally innovative, with a thoughtful floor plan that keeps the views at the forefront, the property offers privacy and serenity. As nature surrounds you in this modern masterpiece, the home unfolds with timeless appeal featuring white oak floors, statuary marble countertops, floor to ceiling windows, and top of the line appliances elevating the culinary experience; all harmonizing aesthetics with functionality.
The property also features two entrances for convenience, one on Westlake Drive with the signature floating bridge entrance and the other, a gated entrance, on Lakeshore Drive. A 3-car garage with additional parking is a rare plus.
Situated on over a half acre, mature landscaping, a pool and spa, and multiple outdoor entertainment areas are yours to enjoy.
Experience an unparalleled blend of luxury, lifestyle and convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017