510 Tempranillo WAY
About This Property
The soaring ceilings of the Drees' Lauren II plan make the layout feel even more spacious. With a dedicated office, game room and media room, there is plenty of space to work, play and unwind. The gorgeous finishes from the white kitchen with abundant storage to the beautiful wood floors that tie the whole space together to the plantation shutters make this home move-in ready.
Enjoy hikes down to the lake on a trail just steps from your home that allows you to fish or kayak in minutes. Or, take advantage of all of the community amenities: Splash pad, Playground, Amphitheater, Pavilion with kitchen for fitness & social activists, Lazy river, 3 pools - adult with tiki bar, beach entry, family, Soccer field, Pickle ball court, Basketball court, Sand volleyball, Dog park, New fitness center, Lakeside restaurant, Marina, Boat store, Pavilion - for yoga, social events & can be rented (a band plays there for most holidays as a neighborhood party), Day Spa, Beach entry, infinity edge pool, and Complimentary kayaks & paddle boards.
This home is a must see in Lake Travis ISD!
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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 |
|---|---|---|---|
| Sep 30, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Price Decreased |
$1,500,000
↓ $100K
(6.2%) | |
| Price Decreased | |||
| Aug 29, 2024 | Price Decreased |
$1,599,900
↓ $50K
(3%) | |
| Price Decreased | |||
| Jul 17, 2024 | Listed by Compass RE Texas, LLC | $1,650,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017