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6705 Elfland DR
About This Property
The existing 3100 sf home has 4 bedrooms, each with it's own full bathroom, with primary on the main floor. Other features include, grand-scale windows, high ceilings, and a large outdoor stone patio where you can bring your living outside, watching the moving landscape on the lake.
The value is in the location in the highly acclaimed Eanes ISD, the lake access, the recent disannexation from the City of Austin with more upside and less developmental restrictions, and the Rivercrest neighborhood vibe. Opportunities like this don't last so lock in your immediate Lake Austin enjoyment now. Ready to reimagine 6705 Elfland? The possibilities are endless!
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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 |
|---|---|---|---|
| Aug 16, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 6, 2026 | Listed by Compass RE Texas, LLC | $3,495,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017