5602 Driftwood DR
About This Property
The moment you walk into the main floor living space you are greeted by the delicate hand-painted mural on the fireplace wall by local Austin artists BrittPaintsALot and Taylordpaints. The vaulted ceiling living room is illuminated by striking antler fixtures and kitchen chandeliers from Restoration Hardware, all of which convey with the home.
The thoughtfully designed floor plan offers 4 bedrooms, with primary downstairs, 3.5 baths, and two living areas, providing ample space for both relaxation and entertainment. The gourmet kitchen is a chef's dream, featuring a La Cornue stove, quartz countertops, an apron-front farm sink, and an appliance package that combines style with functionality.
The primary suite includes a boutique-style closet and a spa-like primary bath with a walk-in shower, complete with a luxurious 'rainhead' showerhead. Outside, the spacious back patio and expansive yard provide the perfect setting for outdoor gatherings, surrounded by a stone privacy wall that adds both style and security. This home also features a full generator and an oversized two-car garage.
With too many upgrades to count, this home is not just a place to live, but a home that is one of one. Enjoy access to a low HOA community with access to a private 3+ acre park along Bull Creek with hiking trails and a winding creek, all while being just minutes away from downtown and central Austin.
Furniture is available for purchase, making it easy to move right in. Schedule your tour today to see this one-of-a-kind property!
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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 28, 2024 | In contract | - | |
| In contract | |||
| Sep 17, 2024 | Price Decreased |
$1,699,999
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Aug 16, 2024 | Listed by KW-Austin Portfolio Real Estate | $1,750,000 | |
| Listed by KW-Austin Portfolio Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017