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Map
601 Sandringham CIR
About This Property
The generous lot size opens the door to endless possibilities, whether you're looking to create a modern luxury estate, design a high-end duplex, or explore other redevelopment options. Investors will appreciate the unbeatable location: just blocks from Stacy Park and Blunn Creek Greenbelt, perfect for outdoor recreation, and steps from South Congress Avenue's vibrant shops, dining, and entertainment. With the new flagship H-E-B at Congress & Oltorf and quick access to downtown Austin, this property combines prime location with future growth potential.
Opportunities like this-large lots in Travis Heights with redevelopment flexibility-rarely hit the market. For visionary builders, savvy investors, or buyers eager to design their dream space, this property delivers both land value and long-term upside in one of Austin's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Mar 18, 2026 | Price Decreased |
$935,000
↓ $65K
(6.5%) | |
| Price Decreased | |||
| Dec 3, 2025 | Price Decreased |
$999,500
↓ $26K
(2.5%) | |
| Price Decreased | |||
| Nov 11, 2025 | Price Decreased |
$1,025,000
↓ $25K
(2.4%) | |
| Price Decreased | |||
| Oct 7, 2025 | Listed by Moreland Properties | $1,050,000 | |
| Listed by Moreland Properties | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017