708 Shade Tree DR
About This Property
Inside, soaring vaulted ceilings, polished concrete floors, and a striking brick fireplace create an inviting backdrop for everyday living. The open living and dining areas flow effortlessly into the refreshed kitchen, where resurfaced wood countertops, a farmhouse sink, freshly painted cabinetry, stainless appliances including a gas range with chef's hood, and bar seating that make gathering easy.
The main-floor primary suite is a welcome retreat, featuring reclaimed wood flooring, walkout access to a large deck that leads to the detached studio, and a beautifully updated ensuite with a quartz dual vanity, designer finishes, and an oversized walk-in shower wrapped in designer tile with a freestanding soaking tub.
Upstairs offers even more flexibility with fresh paint and carpet, two secondary bedrooms, an a stylish full bath, and a spacious second living area.
Out back, the sprawling fenced-in yard backs to a tranquil greenbelt and includes a 190-square-foot climate-controlled office, studio, or workshop completed in 2025 - ideal for working, creating, or a private retreat. A covered back porch is perfect for relaxing and enjoying the greenbelt views, while a large level cement area can accommodate a boat, hot tub, or be the perfect skate or basketball spot.
Just two blocks from the Mary Moore Searight trails, playgrounds, tennis and basketball courts, less than a mile to Paredes Middle School, five minutes to Southpark Meadows and the Slaughter & SoCo H-E-B, with quick access to I-35 and only 12 miles from Downtown Austin.
Come experience the privacy, space, and setting for yourself – schedule a showing today!
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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 17, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Listed by Compass RE Texas, LLC | $465,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017