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608 Emerald Ridge DR
About This Property
Nestled on a private, oversized .36-acre lot on a quiet, low-traffic street, this home is just moments from the Bella Mar Community Center, offering resort-style amenities. Don't miss this rare opportunity to own a home where elegance meets functionality in one of Austin's most desirable neighborhoods.
Steiner Ranch is an incredible master planned community that is home to the prestigious University of Texas private Golf & Country Club and has neighborhood access to Lake Austin with Lake Travis just across the street, on-site dining, retail, and medical facilities, 20 miles of stunning hike & bike trails, 3 community centers with tennis, pickleball, volleyball and basketball courts, playgrounds and sports fields, and is zoned for Vandegrift High School with numerous #1 programs and IB program.
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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 |
|---|---|---|---|
| Apr 5, 2025 | In contract | - | |
| In contract | |||
| Mar 9, 2025 | Relisted | $1,250,000 | |
| Relisted | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Jan 16, 2025 | Price Decreased |
$1,285,000
↓ $14K
(1.1%) | |
| Price Decreased | |||
| Dec 2, 2024 | Listed by eXp Realty, LLC | $1,299,000 | |
| Listed by eXp Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017