Rare opportunity to acquire one of the first 300 homes built in
Lakeway, an iconic post-modern masterpiece designed by renowned
architect Girard Kinney. Originally completed in 1970 to embrace
sweeping north-facing views of Lake Travis and capture refreshing
year-round breezes, this architectural gem blends timeless design
with an extraordinary natural setting. In 1977, the Art Studio, now
serving as a versatile fourth bedroom, and the covered carport were
thoughtfully added, transforming the property into an exceptional
full-time residence. Tucked beneath a magnificent canopy of mature
live oaks, the home enjoys remarkable privacy while surrounded by
the beauty of the Texas Hill Country. The beautifully remodeled
kitchen showcases Viking appliances, a built-in refrigerator,
skylights, and luxurious suede quartz countertops. Flexible living
defines the home, including the dramatic fourth bedroom with
wraparound windows and loft, ideal as an artist's studio, executive
office, or creative retreat. A charming guest suite also features a
unique loft and private courtyard. The tranquil primary suite
captures wooded, lake, and hill country views while offering a
custom en-suite bath. Outside you'll find a greenhouse, workshop,
and oversized two-vehicle carport. Expansive rear decking provides
the perfect place to envision an infinity-edge pool cascading
toward the lake. Located on the coveted south shore of Lake Travis,
Lakeway offers an unmatched lifestyle only 25 miles west of
downtown Austin. Residents enjoy championship golf, marinas,
boating, tennis, pickleball, the Lakeway Activity Center, World of
Tennis, Lakeway Swim Center, private airport, City Park, Porpoise
Park, skate park, nearly 500 acres of greenbelts, over 100 acres of
parks, scenic trails, dining, shopping, and endless recreation in
one of Central Texas' most desirable communities. Top-rated Lake
Travis ISD schools, vibrant community events, acclaimed
restaurants, Hill Country Galleria and sunset views.
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.
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