223 Timberline DR
About This Property
This stunning single-story home in Burnet is a serene retreat, perfectly positioned to soak up the natural beauty of the region. With the Colorado River at your doorstep and Inks Lake State Park just a short drive away, the great outdoors is yours to explore. As you step onto the inviting front porch, the gentle curve of exterior steps leads you to a haven of tranquility. Inside, the open layout unfolds with high ceilings and abundant natural light illuminating sleek concrete floors. A cleverly crafted hallway features a bespoke storage space, combining coat racks, shoe storage, and overhead shelving in a symphony of practicality. The expansive living room is a masterclass in serenity, with a soaring tray ceiling and peaceful backyard views. Direct access to the covered patio and sprawling fenced backyard invites effortless indoor-outdoor living. The sun-drenched dining area and radiant kitchen flow seamlessly from the living room. The kitchen is a culinary sanctuary, with quartz countertops, stainless steel appliances, and a spacious center island. The primary bedroom is a serene oasis, featuring a beautifully crafted en-suite bathroom with dual vanities, a framed mirror, a walk-in closet, and a walk-in shower. Each secondary bedroom boasts a ceiling fan, walk-in closet, and stylish concrete flooring. With 4 bedrooms and 2.5 bathrooms, this home offers ample space for family and friends to gather. Make yourself at home, and let the beauty of the Hill Country surround you.
*This home qualifies for a limited-time lender-paid 2-1 buydown - reduced monthly payments for the first 2 years at no cost to the buyer or seller.*
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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 |
|---|---|---|---|
| Feb 26, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 22, 2026 | Price Decreased |
$450,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| Sep 17, 2025 | Price Decreased |
$465,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Aug 8, 2025 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Jul 25, 2025 | Relisted | $499,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017