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Map
5005 Weletka DR
About This Property
Nestled in the prestigious Lake Travis Independent School District, renowned for its top-rated schools, this lot offers light restrictions that allow for stunning architectural creativity tailored to complement the natural beauty of the Texas Hill Country topography. Contact the listing agent for builder recommendations and existing design concepts specifically suited to this site.
Conveniently situated just minutes from exciting new developments in Lakeway and Bee Cave, including the upcoming Lakeway City Center project and the expansive 80-acre Spanish Oaks mixed-use community featuring high-end shopping, hospitality, and dining options.
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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 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 19, 2026 | Listed by Real Broker, LLC | $350,000 | |
| Listed by Real Broker, LLC | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by 512 Proper LLC | $249,000 | |
| Listed by 512 Proper LLC | |||
| | |||
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Over one-half acre lot in Lake Travis school district. Picturesque setting, near Lake Travis lake like. Good topography for easy build. Million dollar houses on the same street! This lot is priced to sell ASAP.
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| May 2, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017