Set on three private acres behind the guarded gates of Spanish
Oaks, 6001 Krause Lane commands sweeping Hill Country views and
offers an exceptional blend of architectural pedigree, privacy, and
resort-caliber amenities. Designed by Bob Wetmore of Cornerstone
Architects and completed in 2017, the timeless estate is approached
through a lantern-lined gated drive leading to an expansive motor
court and hand-cut stone entry framed by a koi pond and gas
lanterns. Inside, wide-plank hickory and pecan floors laid in a
chevron pattern connect beautifully scaled living spaces, private
bedroom wings, and exceptional areas for entertaining. The serene
primary retreat features a carved-stone fireplace, sitting area,
motorized drapery, Calacatta marble bath, triple steam shower, and
custom glass-enclosed closets. Four secondary bedrooms offer en
suite marble baths, while two thoughtfully positioned casitas
provide resort-style guest accommodations, including one with a
full bath and laundry and another with built-in bunks. The
light-filled kitchen pairs a La Cornue range, Sub-Zero
refrigeration, Miele coffee system, butcher-block island, and fully
equipped catering kitchen. An oversized entertainment lounge evokes
a private club with golf simulator and media area, complemented by
a dedicated gym. Outdoors, a travertine terrace and pool overlook
panoramic views. The covered loggia features ceiling heaters,
motorized screens, fire bowls, and a dramatic double-sided
fireplace for year-round enjoyment. Additional highlights include a
turf sport court, attached four-car garage, separate
air-conditioned three-car showroom garage with gallery lighting,
and integrated Savant automation. An extraordinary offering in one
of Austin's premier gated golf communities.
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.
Construction Materials: Stone, Stone Veneer, Stucco
Patio and Porch Features: Covered, Front Porch, Patio, Porch, Rear Porch, Side Porch, Terrace
Pool Features: Heated, In Ground, Infinity, Outdoor Pool, Waterfall
Pool is Private
Lot Features: Back Yard, Close to Clubhouse, Few Trees, Landscaped, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Wooded, Views, Sprinkler - Automatic, Trees-Small (Under 20 Ft)
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