39
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5601 Great Divide DR
About This Property
There are many reasons to love Bee Cave and many more to love the community of The Homestead. This is a premium, very private, 5 Acre lot situated at the back of The Homestead neighborhood with views that back to Spanish Oaks and a large private ranch. The existing 2155 square foot home was recently renovated and makes for the ideal place to live as the owner builds their dream home!
Just bring your builder! Tenant in place through the end of May which would give the buyer income while working on plans and prepping for construction. The large development envelopment is ideal for creating a family compound with plenty of space for many options.
Located in the highly desirable Lake Travis ISD. Horses allowed and encouraged! Seller has also paid to $11K to tap into city water.
**To Be Built Option is coming with Eppright Homes.**
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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 |
|---|---|---|---|
| Feb 6, 2025 | Price Decreased |
$1,475,000
↓ $25K
(1.7%) | |
| Price Decreased | |||
| Jan 2, 2025 | Listed by Kuper Sotheby's Int'l Realty | $1,500,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017