4005 Balcones Drive
About This Property
Electric Driveway Entrance Gate.
Elegant entrance with a stone path crossing a Koi Pond
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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 |
|---|---|---|---|
| Jun 20, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | In contract | - | |
| In contract | |||
| May 3, 2025 | Listed by AustinRealEstate.com | $3,999,950 | |
| Listed by AustinRealEstate.com | |||
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Nestled on prestigious Balcones Drive, this private, gated luxury estate boasts unrivaled views of Lake Austin and the downtown Austin skyline. Built in 2020 by EEF Construction, with interiors by Kopfer Taylor and landscaping by Eden Garden Design, this modern masterpiece is in pristine condition and was nominated for six awards two years ago. Floor-to-ceiling windows with electric shades flood the home with light. An oversized rooftop deck, furnished with a firepit, dining, and lounge areas, is perfect for elegant gatherings. The resort-style pool and spa, with an automatic cover and custom lighting, overlook the lake and skyline. Multiple outdoor spaces have been created for entertainment. A stone path over a koi pond graces the entrance, while an electric gate, perimeter cameras, and alarm ensure security. This exquisite estate blends cutting-edge design and luxurious comfort, a rare gem in Austin’s luxury market.
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| May 2, 2023 | Sold | ||
| Sold | |||
| Mar 1, 2023 | Listed by AustinRealEstate.com | $3,999,000 | |
| Listed by AustinRealEstate.com | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017