17
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TBD County Road 281 Lot 4
About This Property
Walls of glass, a dramatic three-sided fireplace, and seamless indoor-outdoor flow create an atmosphere of effortless sophistication. The main suite offers a spa-inspired retreat with a luxurious bath, dual vanities, and an expansive walk-in wardrobe. The chef's kitchen and open living spaces make entertaining both elegant and easy.
Every Urban Butterfly residence is a rare original designed with intention, artistry, and detail only found in a true collaboration between Alexander 5 Design and Charles Williams Custom Homes. Construction Cost - $1,150,000. In addition to its attractive housing options, the neighborhood is also known for its proximity to top-rated schools, shopping centers, and recreational facilities. Families with children will appreciate the excellent educational opportunities available in the Leander Independent School District. For outdoor enthusiasts, there are plenty of parks and green spaces nearby, offering opportunities for hiking, biking, and picnicking. Lake Travis, just a short drive away, provides residents with opportunities for boating, fishing, and other water activities. This is not a builder restricted lot.
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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 |
|---|---|---|---|
| Oct 1, 2026 | No longer available | - | |
| No longer available | |||
| Sep 20, 2025 | Relisted | $210,000 | |
| Relisted | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Price Decreased |
$210,000
↓ $35K
(14.3%) | |
| Price Decreased | |||
| Nov 27, 2024 | Price Decreased |
$245,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017