40
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203 Wagon Way
About This Property
From the moment you arrive, the timeless white stone exterior, manicured landscaping, and inviting curb appeal make a lasting impression. Inside, the home feels warm and welcoming with a layout designed for comfortable everyday living and easy entertaining. Step outside to the covered back patio, ideal for morning coffee, weekend gatherings, or relaxing evenings overlooking the large backyard. With 1.22 acres, there is plenty of room to garden, play, add a pool, or simply enjoy your own private outdoor retreat.
Living in The Colony means enjoying a true community lifestyle with outstanding amenities including resort-style pools, fitness centers, clubhouses, scenic ponds, playgrounds, pickleball courts, dog parks, and miles of walking and biking trails woven through the natural beauty of the Lost Pines.
Conveniently located with quick access to Highway 71, this home is ideal for commuters needing proximity to SpaceX, The Boring Company, and X (formerly Twitter) in the greater Austin area. You'll also enjoy easy access to Austin-Bergstrom International Airport and all the dining, music, shopping, and entertainment of Downtown Austin.
For golf enthusiasts, premier courses including Wolfdancer Golf Club and ColoVista Golf Club are just a short drive away, offering championship play in stunning natural settings.
If you've been searching for acreage, a beautiful home, and an active community surrounded by nature yet close to Austin conveniences, this exceptional property in The Colony is the perfect fit.
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Cap Rate Calculator
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 20, 2026 | Price Decreased |
$549,500
↓ $50K
(8.3%) | |
| Price Decreased | |||
| Sep 1, 2026 | Relisted | $599,000 | |
| Relisted | |||
| Aug 3, 2026 | In contract | - | |
| In contract | |||
| Jul 16, 2026 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Jun 20, 2026 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017