40
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406 N Ronay DR
About This Property
This residence spans two floors with four bedrooms and three full baths, showcasing mid-century modern and Spanish design elements that blend character with modern comfort. The updated kitchen opens to generous living spaces that frame the natural beauty outside, while three separate balconies invite you to take in panoramic sunsets, fresh breezes, and the peaceful rhythm of nature where its not unusual to see deer right at your doorstep.
Sitting on a rare double lot, this home offers privacy and a connection to the outdoors, all while being just moments from Austins vibrant culture, dining, and live music scene. Its Hill Country living with the city just down the road.
Adding to its legacy, this property was featured alongside Willie Nelson and his family in the 1983 issue of Life Magazine, capturing candid moments of his home life, including an iconic workout session on the balcony.
More than a home, this is a landmark of Texas heritage where music, nature, and history converge.
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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 12, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Listed by Austin Marketing + Development | $699,000 | |
| Listed by Austin Marketing + Development | |||
| Dec 3, 2018 | No longer available | - | |
| No longer available | |||
| Sep 11, 2018 | Price Decreased |
$575,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Aug 21, 2018 | Price Increased |
$579,000
↑ $4K
(0.7%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017