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2702 Valley Springs RD
About This Property
Perched at the highest peak just off prestigious Stratford Drive, this extraordinary 1.58(+/-) acre property offers unrivaled panoramic views of Austin's skyline and the shimmering waters of Lady Bird Lake. Boasting an impressive 303 feet of direct waterfront access, this rare offering presents a once-in-a-lifetime chance to remodel an iconic estate in the heart of Austin's most coveted communities.
Located less than 2 miles from Zilker Park, this property blends serene privacy with unbeatable proximity to Austin's cultural and outdoor amenities. Adding to its unique character, a natural cave formation on the property enhances the landscape, making this homesite as rare as it is breathtaking.
This is a canvas for architectural brilliance, where modern luxury can meet the timeless beauty of Austin's beloved Lady Bird Lake.
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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 |
|---|---|---|---|
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 18, 2025 | Listed by Kuper Sotheby's Int'l Realty | $6,500,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017