39
Map
5308 Great Divide DR
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 29, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Price Decreased |
$1,315,000
↓ $50K
(3.7%) | |
| Price Decreased | |||
| Jun 25, 2025 | Listed by Douglas Elliman Real Estate | $1,365,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Apr 30, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by E-Rae Realty | $1,250,000 | |
| Listed by E-Rae Realty | |||
| | |||
|
Welcome to an eclectic retreat nestled in the serene Homestead community of Bee Cave, Texas. As you approach the property, you'll be greeted by a picturesque scene of rolling hills & expansive skies, setting the tone for the tranquil lifestyle that awaits. The inviting front deck beckons you to pause & take in the peaceful surroundings.
Inside you'll find a spacious open floor plan; tall ceilings, hardwood floors, & an abundance of windows create a bright & airy atmosphere. The first floor offers a seamless flow starting with the dining room that opens up to the modern kitchen. A secondary butler's kitchen provides added convenience, while glass doors lead out to the kitchen garden, perfect for cultivating fresh herbs & vegetables. Two living rooms offer ample space for relaxation & entertainment. The main living room boasts large windows, tall ceilings, & a fireplace. The second features a built-in bar, pre-plumbed for conversion to a wet bar. Completing the first floor are two bedrooms & a full bath.
Upstairs, the primary bedroom offers a peaceful retreat with vaulted ceilings, a private balcony, & a remodeled bath with double vanities, a soaking tub, & a separate shower. An additional bedroom on the second level provides flexibility for your needs.
Outside, the grounds beckon you to explore. A sparkling pool invites you to take a refreshing dip on warm Texas days, while a patio provides the perfect spot for al fresco dining. Towering oak trees, a chicken coop, & meandering walking paths add to the allure of the 2.6-acre lot, offering privacy & room for expansion.
Located just 5 minutes from the Galleria, 15-20 minutes from Lake Travis , 30 minutes from downtown Austin, & within the esteemed LTISD, this home offers the perfect blend of country living & urban convenience. The Homestead community, known for its equestrian-friendly atmosphere & neighborly spirit, provides a serene retreat with access to bridle/hiking trails along Little Barton Creek.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017