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7420 Turnback Ledge TRL
About This Property
The gourmet kitchen anchors the home with a massive granite center island, custom white cabinetry, a crafted tile backsplash, a six-burner gas range, double ovens, a built-in microwave and a built-in refrigerator, plus a walk-in pantry for storage. A dedicated home office and a separate laundry room add everyday function, while the primary suite provides a private retreat with its own bathroom.
Outdoors, a covered deck wired for a TV and outfitted with ceiling fans overlooks the fenced, professionally landscaped backyard, complete with raised garden beds and a built-in pest control system: an ideal setup for year-round grilling, dining, and watching the wildlife that passes through the greenbelt. A three-car garage configuration includes a separate garage for the suited mother-in-law suite, which also has its own private front door entrance - adding flexibility rarely found at this price point.
Residents of Tessera on Lake Travis enjoy direct lake access, a private boat launch, a lakeside community pool, neighborhood parks and miles of hiking and biking trails, all zoned to the highly rated Lago Vista ISD, including A-rated Lago Vista Elementary. The location keeps a peaceful, lakeside pace of life within reach of Leander, Cedar Park and the Austin tech corridor.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Relisted | $595,000 | |
| Relisted | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Price Decreased |
$595,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$624,700
↓ $21K
(3.2%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Keller Williams - Lake Travis | $645,500 | |
| Listed by Keller Williams - Lake Travis | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017