$220,000
●
Condo -
Off Market
2901 Lake Shore Drive #407
Waco, TX 76708
2 Beds
2 Baths
1,178 Ft²
$1,470
Est. Monthly
$389
HOA / Fees
6.28%
Cap Rate
About This Property
Nestled in a peaceful, well-maintained community, this charming
2-bedroom, 2 - bath condominium offers an open-concept living space
brimming with natural light. Perfect for relaxing or entertaining,
the spacious layout is move-in ready, featuring stainless steel
appliances, granite countertops and updated cabinetry, refrigerator
and washer and dryer included for your convenience. Step outside to
your private deck and soak in the stunning views - the ideal
backdrop for morning coffee or evening relaxation. The HOA covers
many essential services, including water, lawn care, and outdoor
maintenance, so you can focus on enjoying all that this community
has to offer. Take advantage of the refreshing community pool,
perfect for those warm Waco days. With its unbeatable location just
minutes from Baylor University, Waco Regional Airport, and
Magnolia, this condo offers the ultimate blend of comfort,
convenience, and tranquility. Call today to schedule your private
showing!
Unit Size
1,178 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$187
Property Type
Condo
Property Taxes
-
HOA Dues
$389
Year Built
1974
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 9 months ago (NTREIS #21024703)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Apr 11, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | Listed by Camille Johnson | $220,000 | |
| Listed by Camille Johnson | |||
| | |||
|
Nestled in a peaceful, well-maintained community, this charming 2-bedroom, 2 - bath condominium offers an open-concept living space brimming with natural light. Perfect for relaxing or entertaining, the spacious layout is move-in ready, featuring stainless steel appliances, granite countertops and updated cabinetry. The refrigerator and washer and dryer are included for your convenience. Step outside to your private deck and soak in the stunning views — the ideal backdrop for morning coffee or evening relaxation. The HOA covers many essential services, including water, lawn care, and outdoor maintenance, so you can focus on enjoying all that this community has to offer. Take advantage of the refreshing community pool, perfect for those warm Waco days. With its unbeatable location just minutes from Baylor University, Waco Regional Airport, and Magnolia, this condo offers the ultimate blend of comfort, convenience, and tranquility. Call today to schedule your private showing!
| |||
| Feb 27, 2026 | No longer available | - | |
| No longer available | |||
| Aug 28, 2025 | Listed by Camille Johnson | $220,000 | |
| Listed by Camille Johnson | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Additional Parking
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, Granite Counters, Open Floorplan, High Speed Internet Available
Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
Flooring Type: Luxury Vinyl Plank
Laundry Features: In Hall, Full Size W/D Area
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1178
Security Features: Unknown
Year Built: 1974
Waterfront Features: Lake Front - Common Area
Levels: Two
Patio and Porch Features: Deck
Pool Features: In Ground
Pool is Private
Lot Size Area: 0.402
Lot Size Units: Acres
Lot Size Acres: 0.402
Lot Size Square Feet: 17511.12
Tax Lot: 1
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Electric
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Water, Back Yard Maintenance, Front Yard Maintenance, Full Use of Facilities
HOA Fee: $389
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2026
|
2 Bed
|
2 Bath
|
1178 ft²
|
$220,000
2 Bed
2 Bath
1178 ft²
|
$207,500
-5.68%
05/06/2026
|
Joslyn Horn
Camille Johnson
| |
|
08/28/2025
|
2 Bed
|
2 Bath
|
1178 ft²
|
$220,000
2 Bed
2 Bath
1178 ft²
|
-
-
|
Joslyn Horn
Camille Johnson
| |
|
05/16/2022
|
2 Bed
|
2 Bath
|
1178 ft²
|
$175,000
2 Bed
2 Bath
1178 ft²
|
-
-
|
Celina Fuller Eastland
Weichert, Realtors - The Eastland Group
| |
|
09/24/2021
|
2 Bed
|
-
|
1178 ft²
|
$175,000
2 Bed
-
1178 ft²
|
$177,500
+1.43%
10/01/2021
|
Ashley Burgess Weist
Kelly
|
Building Info
2901 Lake Shore Drive
2901 Lake Shore Drive, Waco, TX 76708
- 1 Unit for Sale
About Cedar Ridge
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Listed by: Joslyn Horn, Camille Johnson
Last Updated: 9 months ago
Data Source: NTREIS MLS, MLS# 21024703
Details provided by NTREIS and may not match the public record
Last Updated: 9 months ago
Data Source: NTREIS MLS, MLS# 21024703
Details provided by NTREIS and may not match the public record
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