527 County Road 421A
About This Property
Discover a rare blend of privacy, nature, and waterfront living at 527 County Road 421A-a serene Hill Country retreat just 10 minutes from Highway 71. Set on 2.57 acres with 130 feet of Lake Travis frontage, this 3-bedroom, 3-bath home offers an immersive connection to the outdoors with panoramic views, mature trees, and peaceful natural surroundings. Designed to bring the outside in, the main living spaces feature a wall of windows, warm natural finishes, and an open layout that leads to a 943 sq ft deck with an outdoor kitchen and fireplace-ideal for everyday living or weekend gatherings. A 282 sq ft screened porch provides additional all-season space for morning coffee or evening breezes. Each bedroom includes an en-suite bath, and the private guest suite offers flexible use for visitors, multigenerational living, or short-term rental potential. Enjoy the property's unique outdoor amenities, including a creek with a custom pump-driven waterfall system, butterfly gardens, shaded sitting areas, and a stock tank pool. The gentle path to the water leads to a private beachfront setting with direct access for swimming, paddling, and exploring Turkey Bend Recreation Area across the cove. Located near Spicewood favorites-Krause Springs, Pace Bend Park, Muleshoe Bend, and local wineries-this home delivers a tranquil escape without sacrificing convenience. Short-term rentals are allowed, and seller financing may be considered. Experience a waterfront lifestyle rooted in privacy, nature, and possibility.
*See property video for creek and waterfall features. *Some furnishings and decor may convey. *Short Term Rentals allowed
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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 |
|---|---|---|---|
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 2, 2025 | Price Decreased |
$1,385,000
↓ $14K
(1%) | |
| Price Decreased | |||
| Jul 25, 2025 | Price Decreased |
$1,399,000
↓ $96K
(6.4%) | |
| Price Decreased | |||
| Apr 15, 2025 | Listed by Keller Williams - Lake Travis | $1,495,000 | |
| Listed by Keller Williams - Lake Travis | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017