8404 Lone Mesa
About This Property
Mid-Century Modern Retreat Backing to the Steck Valley Greenbelt. Discover timeless style and serene surroundings in this 3-bedroom, 3-bath home nestled in one of Northwest Austin's most convenient and scenic pockets. With a stucco exterior and clean mid-century modern lines, this home combines architectural character with everyday comfort. The main level features beautiful wood and tile flooring, a spacious living room with a cozy fireplace, and expansive picture windows that frame lush greenbelt views. The kitchen and dining area flow seamlessly together-ideal for entertaining or simply enjoying the natural light that fills the space. Two bedrooms, including the primary suite, are conveniently located on this level. Downstairs, a third bedroom and an additional living area provide a flexible layout perfect for guests, a home office, or a private retreat. Step outside to enjoy peaceful views of the Steck Valley Greenbelt-a rare opportunity to experience privacy and nature in the heart of the city. Situated near major highways and just minutes from shopping, dining, and entertainment at The Arboretum, this property offers both tranquility and accessibility.
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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 |
|---|---|---|---|
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by eXp Realty, LLC | $1,195,000 | |
| Listed by eXp Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017