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22027 REDBIRD DR
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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.
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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 6, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Tower Enterprises LLC | $1,475,000 | |
| Listed by Tower Enterprises LLC | |||
| Nov 25, 2024 | No longer available | - | |
| No longer available | |||
| May 21, 2024 | Price Decreased |
$1,695,000
↓ $180K
(9.6%) | |
| Price Decreased | |||
| Apr 1, 2024 | Listed by Tower Enterprises LLC | $1,875,000 | |
| Listed by Tower Enterprises LLC | |||
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Deep water, waterfront Lake Travis dream home with swimming pool and large private boat dock. An updated luxury retreat situated on 2.17 acres with a gentle slope to the lake easily accessible by a wide concrete pathway all the way to the lake - so no scary tram and no stairs! This recently updated single-story 2930 sq. ft. home with new interior and exterior paint and carpet in 2022 offers 3 oversized bedrooms that sleep 10 (1 king, 3 queen, 1 full), and 3 bathrooms (master and mother-in-law are ensuite). Updated eat-in kitchen with blue cabinetry, large island, quartz countertops, and walk-in pantry that opens to breakfast area and den with fireplace and adjoining private office. This well-maintained home also offers high ceilings, recessed lighting, ceiling fans, central vacuum, wired for sound system, and security system. Wonderful floorplan provides lake and pool views from 4 rooms. A large swimming pool with slide and spa are adjacent to an oversized gas fire pit. Exterior includes oversized 4 car garage, underground propane tank, circular driveway, wrought iron fencing, exterior lighting, automatic sprinklers, gutters, Pella windows and doors, two underground 500-gallon propane tanks. Private 2 story boat dock with 2 slips (one for 27’ boat and one for pontoon or tri-toon) and double jet ski lift, 3 Hydro Hoists, 2 large walk-in secured closets, lights and electrical, 600’ of new steel cable, and 4 new anchors to secure floating dock. Lago Vista residents have access to a fitness center, golf course, swimming pool, and 4 boat ramps. Short term rentals are permitted. An exceptional oasis to create lifetime memories! A true lake paradise!
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About Highland Lake Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017