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24805 Lake View DR
About This Property
Set amidst towering trees, this charming 1960s-era home offers a solid foundation ready to be reimagined. Whether you choose to restore its vintage charm, craft a modern riverfront retreat, or repurpose it for investment, the potential is limitless. With most furnishings and appliances included, you can start your transformation project right away. With no HOA, limited restrictions, and short-term rentals allowed, the possibilities here are truly unmatched.
Even with current low water levels, the value of this location remains exceptional. As water levels rise, 24805 Lake View Drive transforms into a picturesque Pedernales Riverfront retreat, offering calm waters in a coveted area loved by discerning fishermen and skiers. Tucked away from the bustle of Lake Travis, it provides the perfect balance of tranquility and recreation. The gentle slope to the river ensures easy access, with the option to add a private boat dock to further enhance your waterfront experience.
The offering also includes multiple metal buildings, providing ample space for storage, workshops, or even business operations-adding unmatched versatility to this unique riverside escape.
Situated in a high-growth area, this hidden gem seamlessly combines the tranquility of a peaceful retreat with the promising upside of a smart investment-all at a price that's impossible to ignore.
This is more than just a house-it's a rare opportunity to own a versatile riverfront retreat at an incredible value. Whether you're envisioning a serene getaway, a profitable investment, or both, 24805 Lake View Drive offers the endless potential to bring your vision to life.
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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 6, 2025 | Price Decreased |
$449,000
↓ $30K
(6.3%) | |
| Price Decreased | |||
| Nov 19, 2024 | Price Decreased |
$479,000
↓ $120K
(20%) | |
| Price Decreased | |||
| Aug 30, 2024 | Price Decreased |
$598,500
↓ $51K
(7.8%) | |
| Price Decreased | |||
| Jul 26, 2024 | Price Decreased |
$649,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Apr 4, 2024 | Relisted | $679,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017