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3607 Ripple Creek DR
About This Property
The existing residence is an expansive 4,621 sq. ft. all-brick home with fantastic curb appeal, featuring a welcoming Southern-style front porch, a screened-in porch, and a spacious back deck. Inside, the home is designed for both comfort and grand-scale entertaining, boasting three distinct living and entertainment spaces and a gourmet kitchen equipped with stainless steel appliances. With four bedrooms (all conveniently located upstairs) and 3.5 bathrooms, the floor plan is as functional as it is spacious.
While the home is move-in ready and exceptionally well-maintained, it offers endless possibilities for the next owner. Whether you choose to move in and enjoy the current charm, bring a contractor for a high-end transformation, or start fresh with a builder to create a brand-new custom masterpiece, the potential here is limitless.
Location is everything, and this property delivers. Enjoy the rare convenience of being within walking distance to Westlake High School, Hill Country Middle School, Cedar Creek Elementary, and the Westbank Library. You'll have the peace of a beautiful residential street while maintaining quick access to downtown Austin and the airport.
Opportunities to secure a property of this size and caliber in such a sought-after area are few and far between. Bring your imagination and explore the exceptional potential of this West Lake Hills retreat.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Listed by Compass RE Texas, LLC | $3,100,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017