40
Map
2701 & 2703 De Soto DR
About This Property
The property includes a three bedroom, two bathroom main house, two separate guest apartments, and substantial garage and workshop space. The main residence is a restored 1940s bungalow relocated from Driftwood, featuring pine floors, classic trim, a fireplace, and a covered back patio.
Guest Apartment 1 is located above a detached three car garage and offers approximately 864 square feet with a bedroom, bathroom, living area, kitchenette, and independent access, ideal for rental income, guests, or office use. Below, a three bay garage and workshop provides flexible space for storage, projects, or business use.
Guest Apartment 2 is located within a cedar wrapped structure and offers approximately 728 square feet with a bedroom, bathroom, living area, and kitchenette. Below, an expansive workshop with 12 foot ceilings, large front and rear doors, and full insulation accommodates car lifts, boats, equipment, or storage.
The property offers five garage bays with potential for seven. Deeded Lake Austin access includes use of one of the only private boat launches on the south side of Lake Austin west of the 360 bridge. The lot borders a creek and is surrounded by green space while remaining close to Westlake, Bee Cave, and central Austin.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Price Decreased |
$1,495,000
↓ $250K
(14.3%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$1,745,000
↓ $50K
(2.8%) | |
| Price Decreased | |||
| May 29, 2026 | Relisted | $1,795,000 | |
| Relisted | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 10, 2026 | Price Decreased |
$1,795,000
↓ $44K
(2.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017