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2803 Edgewater DR
About This Property
This property is a rare find with deeded vested rights by the city of Austin, inviting endless possibilities, whether you're dreaming of lake views, a poolside retreat, or hosting outdoor gatherings under the Texas sky.
The seller, an award winning architect, has designed a breathtaking 3,500 square foot ultra-modern home featuring a luxurious pool, perfectly complementing the natural beauty of the surroundings. This architectural masterpiece is ready to be brought to life, offering you the opportunity to create a contemporary sanctuary tailored to your lifestyle.
Situated in the vibrant community of Cuernavaca, you'll have easy access to local amenities, including dining at the local Patrizi's and Civil Goat, Lake Hills Community Park which allows boat entry solely for Cuernavaca residents, the 250-acre hiking and waterfront Commons Ford Ranch, and entertainment options that make Hill Country such a dynamic place to live.
Don't miss the chance to make 2805 Edgewater Drive your personal haven. Embrace the opportunity to create your dream lifestyle in this unique and expansive property. Schedule a tour today and explore all the potential this lot has to offer!
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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 17, 2026 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| May 11, 2026 | Listed by Compass RE Texas, LLC | $525,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017