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2616 Fall Creek Estates DR
About This Property
With electricity available, a private well already in place, and septic needed, you'll have a great head start on bringing your vision to life. The gently wooded setting provides both shade and privacy while still offering open areas for a custom home, outdoor living, workshop, or additional improvements.
Conveniently located just off Highway 71, you'll enjoy easy access to Lakeway, Bee Cave, Marble Falls, and nearby Lake Travis while still experiencing the tranquility of country living. Whether you're looking to build your forever home or invest in Texas Hill Country land, this beautiful property offers endless possibilities.
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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| Aug 19, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 16, 2026 | Listed by LPT Realty LLC - Ascend Group | $299,999 | |
| Listed by LPT Realty LLC - Ascend Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017