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4601 Destination WAY
About This Property
At the water's edge, the lot opens near Devil's Cove - a peaceful no-wake area of Lake Travis perfect for swimming, kayaking, and quiet waterfront living. A boat dock is permissible, giving future owners direct, private access to deep water. And all of this sits within the prestigious Hollows on Lake Travis community, where residents enjoy resort-style amenities including The Trailhead Club with a pool, pickleball courts, and playground; The Hollows Beach Club with additional pools, a fitness center, a restaurant and bar, a lakeside pavilion, and a fireplace; plus miles of scenic hiking trails throughout the community.
Large waterfront lots like this with good water access, with nearly 2 acres of privacy, and room to build without compromise - are exceptionally rare on Lake Travis. Don't miss your chance to own one of its finest remaining homesites.
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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 |
|---|---|---|---|
| Jul 15, 2026 | Price Decreased |
$925,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Apr 21, 2026 | Price Decreased |
$945,000
↓ $50K
(5%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by Resident Realty, LTD. | $995,000 | |
| Listed by Resident Realty, LTD. | |||
| Dec 1, 2025 | No longer available | - | |
| No longer available | |||
| Jun 8, 2025 | Listed by Lake Homes Realty, LLC | $1,150,000 | |
| Listed by Lake Homes Realty, LLC | |||
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Lake is up you have to see this waterfront lot. LCRA levels show that this lot has consistently had water in front of it—an increasingly rare and valuable feature on Lake Travis. Secluded at the very end of Destination Way, this exceptional waterfront homesite offers unmatched privacy, natural beauty, and direct access to deep water on Lake Travis. Spanning approximately 2 acres which extends to the middle of the cove, which the elevation of approximately 600 MSL, the property boasts a level building site and a gently sloping terrain that leads to a terraced bluff—an ideal setting for a lakeside cabana, patio, or outdoor entertaining area. The lot includes all underground utilities and is adorned with mature trees, including stately oaks and cedars, providing shade and a serene, wooded backdrop. The topography is very walkable, beginning with a flat buildable area and gently descending to a lower plateau perfect for recreation or relaxation. From there, you’ll find access to Lake Travis on Devil’s Cove—a peaceful no-wake area—making it an ideal location for quiet enjoyment of the water. A boat dock is permissible, making this an excellent choice for lake enthusiasts. Located in the prestigious Hollows on Lake Travis community, residents enjoy a wide range of top-tier amenities, including: The Trailhead Club, featuring a resort-style pool with splash area, pickleball courts, picnic areas, sunbathing spots, and a playground The Hollows Beach Club, with additional pools, a fitness center, a restaurant and bar, a lakeside pavilion with cookout facilities, and a fireplace for community gatherings. Miles of scenic hiking trails weaving throughout the community. Boat docks are permitted. Don’t miss this rare opportunity to build your dream lakefront retreat in one of Lake Travis’s most sought-after communities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017