403 Lisa DR
About This Property
The home, a masterpiece of thoughtful design, marries mid-century modern interiors with the charm and warmth of a farmhouse. Mesquite flooring seamlessly merges with custom wood cabinetry, creating an ambiance of organic warmth highlighted by a glass and steel accented staircase. Expansive windows provide an abundance of natural light throughout. The well-appointed kitchen features a professional-grade Wolf range, Thermador oven, Miele dishwasher, and Sub-Zero refrigerator. The kitchen island and breakfast bar open to the living area and dining space, creating a perfect gathering spot. The home's functional elegance extends to a downstairs office, ideal for the discerning professional. Two large covered patios offer additional outdoor living areas, with the primary bedroom boasting its own second-level patio. Both patios could easily be enclosed to add additional square footage.
The estate's grounds are a testament to meticulous care and design. A path of Ipe wood decking leads to four raised garden beds, a charming garden shed, and a flat, manicured lawn. Nestled into an amphitheater-like pocket of the property, a fire pit adds a touch of enchantment to the evenings. The highlight of the property's outdoor space is the crystal-clear pool and heated spa, complemented by an Ipe wood deck and a discreet outdoor shower. The detached guest accommodations provide the perfect space for long-term guests, multi-generational living, a home office, studio, or a pool house ideal for entertaining.
This sanctuary is located within the coveted EANES ISD, adding to its desirability. Its proximity to downtown and Lake Austin offers both convenience and a connection to nature's beauty.
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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 |
|---|---|---|---|
| Jul 19, 2024 | Withdrawn | - | |
| Withdrawn | |||
| May 30, 2024 | Price Decreased |
$2,149,500
↓ $196K
(8.4%) | |
| Price Decreased | |||
| Apr 25, 2024 | Listed by KW-Austin Portfolio Real Estate | $2,345,678 | |
| Listed by KW-Austin Portfolio Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017