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2705 Island Ledge CV
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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%.
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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 |
|---|---|---|---|
| May 14, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Dec 17, 2025 | Listed by Moreland Properties | $5,995,000 | |
| Listed by Moreland Properties | |||
| Nov 21, 2025 | No longer available | - | |
| No longer available | |||
| Aug 22, 2025 | Listed by Gottesman Residential R.E. | $6,995,000 | |
| Listed by Gottesman Residential R.E. | |||
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Tucked away in a quiet cul-de-sac within a gated community in Westlake, this hidden gem epitomizes luxury and elegance. Located in the exclusive Island on Westlake community, the estate offers the perfect blend of privacy and sophistication, with direct access to Lake Austin via a private boat dock and park. Built in 2004 and set on over an acre of pristine grounds, this impressive home spans more than 10,000 square feet of meticulously designed living space.
Upon entering, you're greeted by grand staircases and formal rooms that exude timeless charm and elegance. The chef’s kitchen, featuring dual islands, abundant cabinetry, and a separate catering kitchen, flows seamlessly into the spacious family room, creating an ideal setting for both entertaining and everyday living. The primary suite, located on the main level, is a private retreat complete with a fireplace and serene sitting area. The spa-like primary bath offers a large walk-in shower, soaking tub, double vanity, and two oversized walk-in closets. Also on the main level are a secondary bedroom with an ensuite bath, wine room and an expansive 4-car garage.
Upstairs, an array of recreational spaces await, including a game room with wet bar, a home theater, and an exercise room with a sauna. There are also three additional bedrooms with ensuite baths, a lavish home office or library, and a large terrace overlooking the backyard and treetops.
Step outside to find an oasis-like backyard featuring a negative-edge pool and spa, along with an outdoor kitchen perfect for alfresco dining. A boat slip at the community marina provides easy access to waterfront activities, just a golf cart ride away.
Located in the highly regarded Eanes school district and just seven miles from downtown Austin, this extraordinary residence offers both luxurious living and unparalleled convenience. 2705 Island Ledge Cove presents a rare opportunity for refined living alongside Lake Austin.
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| Jul 25, 2025 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017