Some homes give the view to one room. Here, it follows you. Set
high on an oversized greenbelt lot in Steiner Ranch's gated
Santaluz community, this 5-bedroom home looks across the treetops
to a broad sweep of Hill Country. Large windows keep that views in
sight throughout the open kitchen, living and dining areas, making
the landscape part of nearly every space on the main level. The
kitchen centers around an oversized island with plenty of room for
prep, and gathering, complemented by granite counters, gas cooking
and extensive cabinetry. A butler's pantry and wine refrigerator
handle the extras between the kitchen and formal dining room, while
the breakfast nook is wrapped in windows and positioned for one of
the home's best views. A private office provides a quiet place to
work. Wood floors, arched openings, built-ins and stone fireplaces
carry a consistent level of craftsmanship from one room to the
next. The main-level primary suite takes full advantage of the
elevated setting with a wall of windows and a private ensuite. A
2nd bedroom on this floor has its own ensuite and separate
entrance, giving guests more independence. Upstairs, the game room
includes a wet bar and opens directly to a covered balcony
overlooking the greenbelt. A separate media room, three additional
bedrooms, two with private ensuites, and another full bath give the
second floor plenty of flexibility. Outside, a covered patio with a
stone fireplace and built-in grill steps onto an expansive deck
with room for dining, lounging and taking in the view. Mature trees
line the yard, and there's no rear neighbors to interrupt the
greenbelt backdrop. Zoned to Vandegrift High School, the address
also includes access to the private Steiner Ranch Lake Club on Lake
Austin and more than 20 miles of community trails, with the UT Golf
Club nearby. The home has the scale, flexibility and workmanship
expected in Santaluz, but its elevated position above the greenbelt
is what stays with you.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017