605 Gunison DR
About This Property
As you step inside, you're welcomed by a dedicated office to the left, a bedroom and full bathroom are positioned to the right, ideal for guests, multigenerational living, or a private workspace. Continue down the entryway into the open-concept living, dining, and kitchen area, where a large center island, gas cooktop, built-in oven, and walk-in pantry create the perfect space for gathering. Just off the dining area, the covered back patio overlooks mature trees, offering a peaceful backdrop and added privacy.
The private primary suite is tucked away on the main floor and features separate vanities, a garden tub, separate shower, and a spacious walk-in closet with direct access to the laundry room. The laundry room also offers hallway access, creating a thoughtful and functional layout.
Upstairs, you'll find four additional bedrooms, two full bathrooms, a second living area, and a versatile flex room that can easily serve as a game room, media room, home gym, or additional entertainment space.
Located within this master-plan community, residents enjoy access to resort-style amenities including multiple pools, a fitness center, sports courts, parks, playgrounds, miles of hike and bike trails, an active community lifestyle. Conveniently located near Lake Travis, the Hill Country Galleria, restaurants, shopping, and within highly acclaimed Lake Travis ISD.
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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 |
|---|---|---|---|
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Listed by Real Broker, LLC | $1,100,000 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017