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3615 Peninsular DR
About This Property
With up to four separate living spaces, including a main home with two full kitchens, a detached garage apartment, and an additional efficiency suite, this property is well-suited for multigenerational living, extended guests, or future income-producing opportunities.
Outside, enjoy private deep-water access with a two-slip covered boat dock, an oversized RV garage with hookups, mature trees, and generous outdoor space to relax, entertain, or take in the peaceful waterfront setting.
This home is ready for its next chapter and presents an outstanding opportunity for buyers looking to personalize a waterfront property to their own style. Whether you're envisioning a stunning primary residence, a weekend lake retreat, or a property with exceptional multigenerational flexibility, this is your chance to customize a property with features that are increasingly difficult to find on Lake Travis.
Conveniently located near Marble Falls, Lago Vista, and FM 1431, you'll enjoy the privacy of lake living with easy access to shopping, dining, and everyday conveniences.
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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 13, 2026 | Price Decreased |
$1,150,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by Keller Williams Realty | $1,200,000 | |
| Listed by Keller Williams Realty | |||
| Apr 20, 2022 | Sold | ||
| Sold | |||
| Nov 12, 2021 | Listed by Keller Williams Heritage | $1,199,900 | |
| Listed by Keller Williams Heritage | |||
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Lake living on Lake Travis! Enjoy the outdoors with this versatile property that has so much to offer! The main residence offers Eastern Lake views throughout the home at multiple levels. The primary level of the home features an open design concept that conjoins the living and kitchen areas. The living space is an elongated area that stretches along the length of the home featuring wall cut outs and offering a generous amount of space for gathering. The gourmet kitchen is brightened by the marble tile work and countertops that flow throughout as well as the natural light that flows through the windows and is complete with gas cooking and a center island that offers additional seating and storage. You will also find the Owner's Suite situated on the main level of the home which offers stellar lake views as it grants private outdoor access to the covered back porch and is complete with an attached en suite featuring a soakers tub, tiled walk-in shower and his and her vanity. The lower level of the home is rich in character as it features three unique cut out spaces as well another living area and kitchen accompanied by two bedrooms that offer outdoor access. You can find additional space for family and friends at the guest house which is complete with a full-service kitchen. Down at the waters edge you will find two covered slips to house your watercrafts as well as store your lake accessories in the attached storage space allowing for seamless and easy fun on the lake.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017