509 Coventry RD
About This Property
Nestled on 3.07 private acres within a gated community, this fully furnished property offers the perfect blend of relaxation, entertainment, and investment opportunity. Whether you're searching for a luxury second home, a memorable gathering place for family and friends, or a turnkey short-term rental, this one delivers.
Designed with a unique three-level layout and elevated "treehouse" feel, the home comfortably sleeps up to 18 guests with 4 spacious bedrooms and 4.5 bathrooms. Expansive windows and outdoor living spaces capture panoramic views of Lake Travis and the rolling Hill Country from nearly every angle.
The oversized top deck was made for entertaining - imagine sunset dinners, morning coffee overlooking the lake, and evenings under the stars with family and friends. Inside, recent updates including fresh interior and exterior paint and new flooring create a clean, modern feel while maintaining the home's warm, inviting character.
Additional features include:
• Fully furnished and turnkey
• Two HVAC systems for efficient comfort
• Solar panels to help reduce energy costs
• Roof replaced in 2022
• Oversized garage with ample storage for lake toys and gear
• Boat ramp and dock access just 5 minutes away
Residents also enjoy fantastic community amenities including:
• Two swimming pools
• Tennis court
• Pavilion with outdoor kitchen for gatherings and events
Life here feels peaceful, elevated, and connected to nature - yet still filled with fun, adventure, and possibility. Spend your days on the lake, your evenings soaking in endless Hill Country sunsets, and your weekends creating memories people will talk about for years to come.
This is the kind of place people never want to leave.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$799,900
↓ $45K
(5.3%) | |
| Price Decreased | |||
| Jul 29, 2026 | Price Decreased |
$845,000
↓ $55K
(6.1%) | |
| Price Decreased | |||
| Jul 13, 2026 | Price Decreased |
$900,000
↓ $30K
(3.2%) | |
| Price Decreased | |||
| Jul 10, 2026 | Price Decreased |
$930,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Jun 19, 2026 | Price Decreased |
$950,000
↓ $50K
(5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017