206 Lido ST
About This Property
The home features a striking modern metal and glass front door, complemented by high-end Restoration Hardware lighting fixtures. Expansive walls of windows overlook the sparkling pool, complete with a rock waterfall, & lush tropical landscaping, providing panoramic views of the golf course.
The open-concept kitchen integrates with the main living areas and is equipped with stainless steel appliances, granite countertops, double oven, high-powered range hood, & abundant storage. The large primary suite boasts two closets, cozy sitting area, wood-beamed ceiling, and new custom drapes & blinds. The ensuite bathroom offers a huge walk-in shower, luxurious tub, & double vanities.
An executive office on the main floor, adorned with hardwood floors, provides an ideal space for work-at-home professionals. Upstairs, a game room, three additional bedrooms, and two full baths ensure ample space for family and guests. The covered terrace offers breathtaking hill country and golf course views, perfect for relaxation and entertainment.
This home has approximately $140,000 in improvements over the past two years, enhancing both its functionality and aesthetic appeal. Key updates include the removal of walls in the main living/kitchen areas, smoothing of walls/ceiling textures, fresh paint, LED can lighting, & modern Nest Thermostats on both levels. Additionally, new 5-ton and 3.5-ton HVAC systems have been installed, along with a 220V outlet with a 16A charger for electric vehicles, & smart home features such as a garage door opener, doorbell, and door lock.
A significant advantage of this property is the absence of HOA fees and low property taxes. Zoned to the exemplary Lake Travis Schools and conveniently located near shopping and fine dining.
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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%.
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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 |
|---|---|---|---|
| May 31, 2024 | Delisted | - | |
| Delisted | |||
| May 30, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Listed by Kuper Sotheby's Int'l Realty | $1,300,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Apr 2, 2024 | Delisted | - | |
| Delisted | |||
| Mar 28, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017