317 Dream Catcher DR
About This Property
Panoramic hill country views, serene nature, and community capture the essence of this 5+ acre lot located in the highly esteemed, gated Grand Mesa neighborhood. Surrounded by lush greenery and a grove of majestic oaks backing into over 17 acres of well-maintained HOA- owned parkland, this forever-tranquil parcel is complete with breathtaking sunsets and boundless wildlife. Imagine entertaining in your sprawling estate with a sports court and custom pool, or relaxing in a nature-embraced bungalow with a charming outdoor patio for stargazing and cozy nights by the firepit. This home site offers an expanse of level acreage for you and the builder of your choice to envision and create the custom home of your dreams.
Grand Mesa at Crystal Falls is a dark sky community with welcoming neighbors and a dynamic activities director who delivers a wealth of activities for all ages, including Movie Night at the Pool, and Sip and Paint lessons for adults. Two amenity centers feature pools, parks, playgrounds, a splash pad, sand volleyball, disc golf, fishing pond, tennis courts, the renowned event pavilion, and a public golf course. Conveniently located just minutes from Cedar Park, Highway 183 and twenty miles from downtown Austin, Grand Mesa provides an easy work commute and accessibility to award-winning schools, medical facilities, shopping, entertainment, restaurants, the Highland Lakes, Cedar Park Center, and Metro Rail station.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 9, 2024 | In contract | - | |
| In contract | |||
| Jul 3, 2024 | Relisted | $625,000 | |
| Relisted | |||
| Jul 2, 2024 | No longer available | - | |
| No longer available | |||
| Mar 27, 2024 | Price Decreased |
$625,000
↓ $175K
(21.9%) | |
| Price Decreased | |||
| Jul 7, 2023 | Listed by Compass RE Texas, LLC | $799,999 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017