40
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4405 Hennig DR
About This Property
The main home is complemented by a fully self contained attached residence and a detached casita above the garage, each with its own kitchen, living areas, and private entry. This unique layout creates three distinct living environments within one private estate.
At the center of the home, a chef's kitchen with rich walnut cabinetry, commercial grade appliances, and a full prep kitchen anchors the main living spaces. Walls of glass open to the outdoors, creating seamless indoor outdoor living with Hill Country views.
The main level owner's wing includes a dedicated office, lounge, spa inspired bath with Calcutta Gold marble and Taj Mahal quartzite, steam shower, and a custom closet with center island and integrated laundry. Upstairs, a second primary suite with vaulted ceilings and steel framed windows adds additional flexibility. The home also includes designated space for a future elevator, supporting long term livability.
Outdoor living is defined by a dramatic lap pool and spa, expansive flat lawn, and multiple areas for gathering. The property offers space for a future pickleball court, a rare feature for properties of this size in Lakeway.
Located minutes from Lakeway amenities, Hill Country Galleria, Lake Travis, and nearby marinas, this property combines privacy, scale, and proximity.
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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 |
|---|---|---|---|
| May 17, 2026 | In contract | - | |
| In contract | |||
| Apr 4, 2026 | Price Decreased |
$3,685,000
↓ $10K
(0.3%) | |
| Price Decreased | |||
| Feb 18, 2026 | Price Decreased |
$3,695,000
↓ $54K
(1.4%) | |
| Price Decreased | |||
| Jan 17, 2026 | No longer available | - | |
| No longer available | |||
| Jan 17, 2026 | Listed by Kuper Sotheby's Int'l Realty | $3,749,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017