3407 Westlake DR
About This Property
Build the lakeside home you've always envisioned, with the serenity of a quiet cove and the convenience of being just a short paddle or boat ride from the iconic main body of Lake Austin.
Westlake Drive is synonymous with luxury lake living, and this is a rare chance to secure your own piece of it. Don't miss this opportunity to build your custom waterfront retreat on nearly .5 acres in one of Austin's most prestigious lake communities.
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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 |
|---|---|---|---|
| Oct 21, 2026 | Listed by Kuper Sotheby's Int'l Realty | $5,995,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017