40
Map
206 Forest DR
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 10, 2026 | Delisted | - | |
| Delisted | |||
| Jun 9, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Listed by Keller Williams Realty | $4,500,000 | |
| Listed by Keller Williams Realty | |||
| Mar 1, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 1, 2022 | Listed by Keller Williams Realty | $4,950,000 | |
| Listed by Keller Williams Realty | |||
| |||
|
This absolute trophy property presents with the grandeur of nearby Texas State Parklands! About 1 hour from the Texas State Capital, these 10 private acres are prime for a luxury home site, wedding or event venue, STR income, wellness centers, family compound, or corporate use! Features about 1020' of north-facing lake frontage with MILES of panoramic views over deep blue water & open skies, from multiple vantage points. The property includes the private LCRA-built concrete & rock jetty (approx 600' long!) which breaks waves and forms a large "hidden" cove, attractive for swimming and fishing. Well-appointed improvements include 3 separate dwellings high on the lot, a boathouse with an observation deck, beach baths, screened-in open-air canteen, horseshoe and disc golf, and more. The main house features 8 bedrooms, great rooms, flex spaces, storage, sprawling decks, plus a commercially sized kitchen and large laundry room. There are an additional 2-4 bedrooms between the single-story guest house and garage apartment. Enjoy a gently sloping, and terraced lawn, granite rock cliffs, private beaches, and a gracefully winding, asphalt road to the private boat ramp. Incredible view of the historic, approx 2-mile long 1937-built Buchanan Dam, which forms the largest of the Highland Lakes and is situated downstream from the property and past the jetty. There is no HOA and the property is on close-in Lake Buchanan with a low 1.16483 tax rate (LCAD) and Burnet Schools. Located discreetly past an unassuming residential area and gate, off of a quiet road convenient to Hwy 29. On-site sewer (septic) and municipal water. 1hr from Austin Executive Airport, Austin's new Apple Headquarters, and Austin's Whole Foods on 6th; 10-15min to Kingsland for groceries at HEB or medical care at Baylor Scott and White; 10min to Inks Lake State Park; 1hr 30min to ABIA; 2hrs to San Antonio's Convention Center; and 2hrs 30min, and approximately 3 hours to Houston's IAH and Dallas' DFW airports.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017