515 East TRL
About This Property
One of the standout features of the property is the detached casita, offering incredible flexibility for a variety of uses. Whether used as a private guest suite, detached fourth bedroom, pool house, home office, studio, or additional living space, it adds both function and value to the property while giving guests or family members extra privacy.
The main home blends comfort and character with peaceful Hill Country views, while the outdoor spaces invite you to relax, entertain, and enjoy the natural beauty of the setting. With expansive acreage, a serene atmosphere, and room to spread out, this property offers the best of country living within a gated community.
Residents of Double Horn enjoy neighborhood amenities including a pool, pavilion, park, sport court, and pond, all while being conveniently located near Marble Falls, Lakeway, and Austin.
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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 |
|---|---|---|---|
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Twelve Rivers Realty | $855,000 | |
| Listed by Twelve Rivers Realty | |||
| Dec 12, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Nov 20, 2025 | Price Decreased |
$855,000
↓ $20K
(2.3%) | |
| Price Decreased | |||
| Nov 10, 2025 | Relisted | $875,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017