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2521 Lipizzan DR
About This Property
Shire Ridge sits within Steiner Ranch, a 4,600-acre master-planned community zoned to Leander ISD, including Vandegrift High School. Residents have access to three community centers with pools, tennis courts, playgrounds, and parks, plus more than 20 miles of hiking and biking trails. The private residents' Lake Club provides direct access to Lake Austin, and the University of Texas Golf Club sits nearby for golfers who want a round close to home.
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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 |
|---|---|---|---|
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by Keller Williams - Lake Travis | $799,000 | |
| Listed by Keller Williams - Lake Travis | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017