29
Map
$179,900
↓ $4K (2.2%)
●
Condo -
For Sale
2905 Lake Shore Drive #203
Waco, TX 76708
2 Beds
2 Baths
1,178 Ft²
$1,619
Est. Monthly
$388
HOA / Fees
5.13%
Cap Rate
About This Property
Welcome home to this spacious 2-bedroom, 2-bath condo offering
low-maintenance living in a convenient location close to Baylor
University, Magnolia Market, shopping, grocery stores, and dining.
Inside, you'll love the new luxury vinyl plank flooring and the
light-filled living room featuring a cozy wood-burning fireplace -
the perfect space to relax or entertain.
The open-concept kitchen offers abundant cabinet storage and flows seamlessly into the dining area for easy everyday living. The spacious primary suite includes an ensuite bathroom and a walk-in closet, while the second bedroom and full bath provide flexibility for guests, roommates, or a home office.
Enjoy all the benefits of condo living with HOA-covered amenities and services, including maintenance of the community pool and landscaping, water service, roof insurance, and exterior building insurance. This ideally located condo combines comfort, convenience, and value in one inviting package.
The open-concept kitchen offers abundant cabinet storage and flows seamlessly into the dining area for easy everyday living. The spacious primary suite includes an ensuite bathroom and a walk-in closet, while the second bedroom and full bath provide flexibility for guests, roommates, or a home office.
Enjoy all the benefits of condo living with HOA-covered amenities and services, including maintenance of the community pool and landscaping, water service, roof insurance, and exterior building insurance. This ideally located condo combines comfort, convenience, and value in one inviting package.
Unit Size
1,178 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$153
Property Type
Condo
Property Taxes
$347
HOA Dues
$388
Year Built
-
Listed By
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Cap Rate Calculator
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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: 2 months ago (NTREIS #21266231)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Price Decreased |
$179,900
↓ $4K
(2.2%) | |
| Price Decreased | |||
| Jul 30, 2026 | Relisted | $184,000 | |
| Relisted | |||
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Listed by Camille Johnson | $184,000 | |
| Listed by Camille Johnson | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Additional Parking, Assigned
Interior Details
Full Bathrooms: 2
Interior Features: Built-in Features, High Speed Internet, Walk-In Closet(s), Cable TV Available
Appliances: Dishwasher, Disposal, Electric Range
Laundry Features: Utility Room, Full Size W/D Area
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1178
Year Built: 1974
Levels: Multi/Split
Patio and Porch Features: Deck
Pool Features: Fenced, In Ground
Pool is Private
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Tax Lot: 1
Financial Details
Tax Annual Amount: $4,160
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water, Front Yard Maintenance, Full Use of Facilities, Management Fees
HOA Fee: $388
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 |
|---|---|---|---|---|---|---|---|
|
03/24/2025
|
2 Bed
|
2 Bath
|
1178 ft²
|
$224,900
2 Bed
2 Bath
1178 ft²
|
$215,000
-4.40%
12/12/2025
|
Amanda Nesbitt
Magnolia Realty
| |
|
01/19/2024
| |
3 Bed
|
2 Bath
|
1389 ft²
|
$227,000
3 Bed
2 Bath
1389 ft²
|
-
-
|
Jennifer Dolezel
Texas Premier Realty
|
|
04/13/2023
|
2 Bed
|
2 Bath
|
1178 ft²
|
$240,000
2 Bed
2 Bath
1178 ft²
|
-
-
|
Christina Gerhardt
Magnolia Realty
| |
|
01/28/2023
|
2 Bed
|
2 Bath
|
1178 ft²
|
$299,000
2 Bed
2 Bath
1178 ft²
|
-
-
|
Amber Sheehan
Bentwood Realty
| |
|
10/29/2021
|
2 Bed
|
2 Bath
|
1178 ft²
|
$178,000
2 Bed
2 Bath
1178 ft²
|
-
-
|
Lili McDevitt
Magnolia Realty
| |
|
09/27/2021
| |
2 Bed
|
2 Bath
|
1178 ft²
|
$151,800
2 Bed
2 Bath
1178 ft²
|
-
-
|
Cristi McGowan
NextHome Our Town
|
|
09/27/2021
|
2 Bed
|
2 Bath
|
1178 ft²
|
$151,800
2 Bed
2 Bath
1178 ft²
|
-
-
|
Cristi McGowan
NextHome Our Town
| |
|
03/25/2021
|
3 Bed
|
2 Bath
|
1389 ft²
|
$145,000
3 Bed
2 Bath
1389 ft²
|
-
-
|
-
| |
|
09/29/2020
| |
1 Bed
|
1 Bath
|
1017 ft²
|
$119,000
1 Bed
1 Bath
1017 ft²
|
-
-
|
-
|
|
03/02/2020
|
3 Bed
|
2 Bath
|
1389 ft²
|
$159,000
3 Bed
2 Bath
1389 ft²
|
-
-
|
-
| |
|
08/29/2019
|
3 Bed
|
2 Bath
|
1389 ft²
|
$179,000
3 Bed
2 Bath
1389 ft²
|
-
-
|
-
|
Building Info
2905 Lake Shore Drive
2905 Lake Shore Drive, Waco, TX 76708
- 2 Units for Sale
About Cedar Ridge
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Listed by: Joslyn Horn, Camille Johnson
Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21266231
Details provided by NTREIS and may not match the public record
Last Updated: 2 months ago
Data Source: NTREIS MLS, MLS# 21266231
Details provided by NTREIS and may not match the public record
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