6707 Bee Caves RD
About This Property
Boasting an impressive ±500 feet of frontage along Bee Caves Road, this property is strategically positioned for commercial, multifamily, or residential use, offering a unique investment opportunity. Currently located within the City of Austin ETJ, there are no zoning restrictions allowing for many development options. Similar properties in the area have had success petitioning and removing the ETJ designation possibly making the development process even easier. Whether you envision a private residence, a commercial venture, or a multifamily development, this property's prime location caters to diverse aspirations. Or use the existing structure as a home/office or redevelop into a multi-family or commercial endeavor.
Enjoy the beautiful views of Barton Creek Valley and miles of hiking trails to explore the natural beauty of this property that includes two wet-weather creeks, complete with fern-covered waterfalls. Experience the serenity of the property's untouched landscape, adorned with several large Madrone trees and other rare plants.
Adding to its allure is the rich history of the land, having never been on the market and only changing hands twice in the last 70 years. Don't miss this extraordinary chance to own a piece of history while creating a space that aligns with your vision. Contact us today for an exclusive tour and explore the limitless possibilities this rare 21+ acre property has to offer.
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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 1, 2024 | No longer available | - | |
| No longer available | |||
| Apr 9, 2024 | Listed by Moreland Properties | $8,999,000 | |
| Listed by Moreland Properties | |||
| | |||
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Discover this exclusive 21+ acre property, a hidden treasure along Bee Cave Road that beckons as one of the last expansive, undeveloped tracts in the area. Just a short 15-minute drive from downtown, this remarkable location is complemented by its proximity to Eanes Schools, three exceptional country clubs, shopping destinations, a hospital, and an array of restaurants.
Boasting an impressive ±500 feet of frontage along Bee Caves Road, this property is strategically positioned for commercial, multifamily, or residential use, offering a unique investment opportunity. Currently located within the City of Austin ETJ, there are no zoning restrictions allowing for many development options. Similar properties in the area have had success petitioning and removing the ETJ designation possibly making the development process even easier. Whether you envision a private residence, a commercial venture, or a multifamily development, this property's prime location caters to diverse aspirations. Or use the existing structure as a home/office or redevelop into a multi-family or commercial endeavor.
Enjoy the beautiful views of Barton Creek Valley and miles of hiking trails to explore the natural beauty of this property that includes two wet-weather creeks, complete with fern-covered waterfalls. Experience the serenity of the property's untouched landscape, adorned with several large Madrone trees and other rare plants.
Adding to its allure is the rich history of the land, having never been on the market and only changing hands twice in the last 70 years. Don't miss this extraordinary chance to own a piece of history while creating a space that aligns with your vision. Contact us today for an exclusive tour and explore the limitless possibilities this rare 21+ acre property has to offer.
| |||
| Mar 21, 2024 | Listed by Moreland Properties | $8,999,000 | |
| Listed by Moreland Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017