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7228 Oak Shores DR
About This Property
Inside, the main living area opens easily to a screened outdoor space with room for dining, lounging, and year-round gatherings. The kitchen features a large island with bar seating and flows into a light-filled living room with vaulted, beamed ceilings and a fireplace. The main level also includes the primary suite with a sitting area, expansive walk-in closet, and spa-style bath, plus a home office with full bath that could serve as a fifth bedroom. Upstairs, a large flex room, three additional bedrooms, and two full baths provide plenty of space for family or guests.
Out back, towering oaks create a shaded retreat anchored by a sparkling pool and spa. Whether hosting a crowd or enjoying a quiet evening, the setting feels like your own private escape. Recent upgrades include paid-off solar panels, EV charger, new upgraded flooring, whole-home sound system, and fresh interior paint throughout.
This home brings together generous indoor and outdoor living, thoughtful updates, and a sought-after Lake Austin lifestyle in one of the city's most desirable communities.
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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 |
|---|---|---|---|
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Dec 20, 2025 | Relisted | $1,699,900 | |
| Relisted | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2025 | Price Decreased |
$1,699,900
↓ $50K
(2.9%) | |
| Price Decreased | |||
| Oct 10, 2025 | Listed by Keller Williams - Lake Travis | $1,749,900 | |
| Listed by Keller Williams - Lake Travis | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017