9
Map
2211 Lancaster Gate CV
About This Property
Located in the vibrant heart of East Round Rock, Lot 2211 Lancaster Gate Cove offers an unparalleled canvas for visionary builders. Spanning just under 4 acres of impeccably flat, fully cleared terrain, this gem boasts mature live oak, red oak, and pecan trees that lend timeless charm to a serene, quiet neighborhood.
As part of an exclusive 14-lot subdivision, pre-approved by the City of Round Rock, development is primed for immediate action. Approved plans-detailing desirable lot sizes-are available upon request, with final plat secured for groundbreaking on day one. All essential surveys (tree, land, soil) are complete and city-vetted, streamlining your project.
Strategic location shines: Directly adjacent to Dell Technologies and the cutting-edge SWITCH Data Center under construction at the I-35 and SH 45 junction. Enjoy low-cost site prep with water, sewer, and electrical utilities already on-site, plus Spectrum fiber optics installable at no extra cost. Dual entrances via established community roads on Lancaster Gate Cove and Surrey Drive ensure seamless access.
Less than a mile from HEB, Target, Sam's Club, Home Depot, dining, and downtown Round Rock, this parcel blends suburban tranquility with urban convenience. Flexible for full development or split into two parcels, the value lies in the land-existing structures (home, barns) are secondary. Seize this rare chance to shape Round Rock's future.
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 |
|---|---|---|---|
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by Compass RE Texas, LLC | $1,799,000 | |
| Listed by Compass RE Texas, LLC | |||
| Mar 9, 2025 | No longer available | - | |
| No longer available | |||
| Mar 6, 2025 | In contract | - | |
| In contract | |||
| Nov 16, 2024 | Price Decreased |
$1,150,000
↓ $150K
(11.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017