207 Fairlake CIR #2
About This Property
The gourmet kitchen showcases white cabinetry, granite countertops, stainless steel appliances, large center island with breakfast bar & large walk-in pantry. The spacious living room opens to the covered patio through sliding glass doors, creating seamless indoor-outdoor living. Main-level primary suite offers an expansive tray ceiling, dual sink vanity, soaking tub, separate walk-in shower & walk-in closet. Upstairs features two additional bedrooms, full bath & versatile flex room ideal for an office or game room.
Updates: Enjoy waterproof Aruba Resort Collection 7-inch luxury vinyl plank flooring throughout, offering a real-wood look & new ceramic tile in both full baths & utility room installed May 2026.
Additional highlights include a covered front entry, utility room with cabinetry, extra storage nook by the garage, lush landscaping & spacious backyard.
Zoned to highly acclaimed Lake Travis ISD, Serene Hills Elem (9/10), Hudson Bend Middle (10/10) & Lake Travis High (8/10) Per Greatschools.org (Ratings subject to change.).
Walk to Cafe Lago, Lakeway Activity Center w/New Playground & Greenbelt or enjoy a front-row seat to Lakeway's annual 4th of July parade. Minutes from Lakeway Marina, Lake Travis, parks, trails, golf courses, H-E-B, Whole Foods, Hill Country Galleria, restaurants & Baylor Scott & White.
Low 2025 tax rate of just 1.8467%.
Investors- Leasing- Minimum 6 mo.
Buyer to independently verify all info including but not limited to taxes, sqft, restrictions, hoa dues, schools, etc.
Listed By
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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 |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$549,900
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$565,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$569,900
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by The Leaders Realty, LLC | $579,900 | |
| Listed by The Leaders Realty, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/01/2024
| |
3 Bed
|
2 Bath
|
2039 ft²
|
$544,000
3 Bed
2 Bath
2039 ft²
|
$544,000
09/01/2024
|
Kristee Leonard
The Leaders Realty, LLC
|
|
03/01/2024
| |
3 Bed
|
3 Bath
|
2039 ft²
|
$565,000
3 Bed
3 Bath
2039 ft²
|
-
-
|
Kristee Leonard
The Leaders Realty, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017