40
Map
604 N River Hills RD
About This Property
The grounds are remarkable - a resort-style pool and spa, fully lit tennis court (also striped for pickleball) with its own clubhouse, and a private well for irrigation. Mature oaks and open lawns create a park-like setting ideal for family gatherings, entertaining, or future expansion. The property backs to a greenbelt with a wet-weather creek, ensuring lasting privacy and natural beauty.
The main residence features 4 spacious bedrooms and 3.5 baths, designed for both elegance and comfort. A separate guest cottage with a full kitchen and living area is perfect for extended family or guests. A detached clubhouse provides endless flexibility - ideal as a teen lounge, game room, studio, or home gym. All structures feature newer metal roofs for durability and peace of mind.
This is more than a home - it's a unique landholding with significant future investment potential, whether as a private family compound, reimagined estate, or long-term redevelopment play in one of Austin's most desirable areas featuring highly rated Westlake Eanes schools.
Space, privacy, and unmatched upside - all just minutes from Downtown.
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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 |
|---|---|---|---|
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$2,447,500
↓ $48K
(1.9%) | |
| Price Decreased | |||
| Sep 13, 2025 | Price Decreased |
$2,495,000
↓ $80K
(3.1%) | |
| Price Decreased | |||
| Aug 19, 2025 | Listed by Compass RE Texas, LLC | $2,575,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017