3925 Westlake DR
About This Property
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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 29, 2025 | No longer available | - | |
| No longer available | |||
| Sep 2, 2025 | Listed by Moreland Properties | $17,500,000 | |
| Listed by Moreland Properties | |||
| Apr 29, 2025 | No longer available | - | |
| No longer available | |||
| Mar 12, 2025 | No longer available | - | |
| No longer available | |||
| Mar 12, 2025 | Listed by Moreland Properties | $19,900,000 | |
| Listed by Moreland Properties | |||
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Nestled along the picturesque shores of Lake Austin, this remarkable estate, meticulously crafted over three years in the late 70s, makes its debut on the real estate stage for the very first time. Purchased by visionary owners who traded boats for dreams, this home stands as a testament to their dedication and passion for creating an unparalleled living experience. Maintained with the utmost care and attention to detail, this home retains its original charm and allure. Every corner exudes a sense of enchantment, offering an experience unlike any other on Lake Austin—a veritable oasis reminiscent of the Caribbean. Spanning over 550 feet of waterfront on three acres of lush, meticulously landscaped grounds, this estate offers a retreat that feels worlds away, yet is just a short 15-minute drive from downtown Austin. Situated in one of the most coveted areas of the lake, with easy access to the prestigious Austin Country Club, it epitomizes luxurious lakeside living. With three bedrooms in the main home and a spacious guest/boat house, every aspect of this estate is designed to inspire and delight. Enjoy the convenience of a two-slip boat dock nestled along the canal, perfect for indulging in aquatic adventures on Lake Austin. A state-of-the-art gym perched high on the cliff offers was later developed, offering unparalleled panoramic views of the lake. Equipped with the latest fitness equipment, it provides a serene and invigorating space to pursue wellness goals while being immersed in nature's splendor. Step into this extraordinary estate and embark on a journey of discovery—an opportunity to own a piece of Lake Austin's storied history and create a legacy of your own. Don't miss your chance to experience the magic of this unparalleled lakeside retreat. Note: Explore private website at 3925westlakedrive.com for virtual walk through of property. Next door property also available with additional home on full acre.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017