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Map
2304 Yellow Bird TRL
About This Property
Only 20 miles west of Austin and 5 miles from Lakeway- enjoy near-city living without the city taxes. This property features a rare combination of both elevation and a graded build site featuring a beautiful mature oak tree - adding natural character and shade to your future homesite. As a corner lot you'll enjoy easier access and flexibility in your build design.
Apache Shores offers a unique, nature-filled lifestyle with abundant wildlife and a welcoming golf cart friendly atmosphere. Residents enjoy a wide range of community amenities including a private lake park, boat ramp, additional parks and nature trails along natural creeks and streams, a community swimming pool, basketball court, disc golf course, volleyball court, and event spaces.
Whether you're looking to build a full-time residence or a weekend escape near the water, this lot offers the perfect blend of space, nature, and connection.
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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 |
|---|---|---|---|
| Jul 22, 2026 | Price Decreased |
$284,000
↓ $15K
(5%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Falaya, LLC | $299,000 | |
| Listed by Falaya, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017