504 CR 421A
About This Property
Wake up to awe-inspiring views of the over 1,200-acre LCRA Turkey Bend Recreation Area, where vibrant wildflowers and abundant wildlife paint a picturesque landscape. As evening falls, the hills glow a soft purple during golden hour, creating a breathtaking scene.
Centrally located between Lakeway/Bee Cave and Marble Falls/Johnson City, this area buzzes with local events and attractions. Enjoy nearby lake access points, hiking and biking trails, wineries, distilleries, breweries, and more. The property is served by a reliable private well, which has never run dry and provides ample water for a large home and landscaping.
Nestled at the end of a serene cul-de-sac, this stunning lot is a rare find. Visit today to explore the possibilities and make it yours! Low 1.35 tax rate!
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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 |
|---|---|---|---|
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Jan 31, 2026 | Price Decreased |
$1,315,000
↓ $25K
(1.9%) | |
| Price Decreased | |||
| Oct 10, 2025 | Listed by Keller Williams - Lake Travis | $1,340,000 | |
| Listed by Keller Williams - Lake Travis | |||
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Experience modern living with Midcentury style. This 3,000 sqft Tree House Plan is offered at a $1,080,000 base cost, designed by A5 Design and built by Charles Williams Custom Homes LLC, a premier Midcentury-style builder. With soaring windows, open living, and seamless indoor-outdoor connections, this home blends sophistication and comfort. All of our plans are completely customizable. A5 and Charles Williams have worked together for years, delivering an incredible partnership of design and craftsmanship. More renderings available upon request.
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| Jul 4, 2025 | No longer available | - | |
| No longer available | |||
| Jan 4, 2025 | Price Decreased |
$270,000
↓ $25K
(8.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017