706 Crestone Stream DR
About This Property
The chef's kitchen anchors the home with a fourteen-foot waterfall island, a forty-inch Italian ILVE gas range, a reverse osmosis water system, and a custom glass-front china cabinet with drawers. A bar tucked under the staircase adds a stylish touch, while abundant storage is thoughtfully incorporated throughout the home. The primary suite offers a true retreat with a spa bath featuring a dramatic natural stone wall, a connected fitness room, and a private sauna. Upstairs, a game room opens to a balcony with sweeping Lakeway views, while each additional bedroom offers the privacy of its own ensuite.
Outdoor living is equally inviting with a full kitchen, grill, sink, dual ceiling fans, and plenty of room to entertain year-round. With a three-car garage, whole-home water softener, remote window shades, surround sound, and full entertainment wiring inside and out, this home blends luxury, comfort, and convenience in one of Lakeway's most sought-after communities.
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Sep 9, 2026 | Listed by Kuper Sotheby's Int'l Realty | $1,395,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Aug 25, 2026 | Listed by Kuper Sotheby's Int'l Realty | $1,450,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Custom built and beautifully curated, this impressive Serene Hills residence blends modern design with a warm, inviting atmosphere. With 4 bedrooms, 4.5 baths and generous living spaces, there is room for everyone. A light-filled floorplan flows into the spacious living area, where sliding glass doors extend to the covered patio and landscaped yard. The main level includes a private study, luxurious primary suite and secondary bedroom with ensuite bath. The kitchen takes center stage with a stunning black and gold ILVE Italian range with 7 burners and double ovens, rich dark cabinetry, oversized waterfall island with storage, built-in refrigerator and huge pantry. A lighted display cabinet showcases china or collections, while a glass-enclosed bar with beverage cooler tucked beneath the staircase adds sophistication for entertaining.
The primary suite is a private spa oasis. The dramatic bath features a soaking tub, large shower and custom walk-in closet with built-in drawers and shelving. A bright fitness nook opens to the backyard, while an infrared sauna completes the space. Upstairs, two additional bedrooms, including one with an ensuite bath, share a spacious game room with wet bar and a dedicated media room. A walk-out balcony with Hill Country views captures the breeze and provides a relaxing spot for morning coffee. Outdoor living includes a covered patio and built-in kitchen with gas grill and sink. The easy-care yard offers privacy with a stone wall along the rear. A community park directly across the street adds recreation just steps away. The 3-car garage provides vehicle and storage space. Additional features include wood-look tile flooring, whole-home water softener, surround sound and custom window shades. Highly regarded Lake Travis schools and a nearby elementary school add to the appeal, along with close proximity to The Hills Country Club and Lakeway’s shopping, dining, golf, parks and Lake Travis.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017