9624 Stratus DR
About This Property
This versatile and inviting single-story layout showcases hardwood and tile flooring, creating a cozy, yet elevated ambiance. Discover a dedicated workspace, an elegant formal dining area, and a comfortable den, perfect for unwinding. The heart of the home resides in the expansive kitchen, boasting quartz countertops, stainless steel appliances, a substantial island, and pristine white shaker cabinets. The conveniently situated den could serve as a 5th BDRM, music room, 2nd study or playroom.
The light-filled great room seamlessly opens to the backyard oasis on a 1-acre very usable lot. Enjoy unparalleled privacy while gazing at Texas stars and sunsets on the sprawling patio with fireplace. The focal point is an exquisite pool and spa with an additional covered outdoor kitchen and dining area, flanked by an outdoor shower, pool bath, and fire pit zone. Raised garden beds provide the opportunity for farm to table al fresco meals. Revel in the true essence of indoor-outdoor living in this retreat-like sanctuary.
Conveniently located, you'll find a plethora of shopping, dining, and entertainment options within 8-10 minutes at Bee Cave's Hill Country Galleria, The Shops at Spanish Oaks, and in the City of Lakeway. Venture 5-10 minutes in the opposite direction to discover the exciting world of Dripping Spring's restaurants, shopping, breweries and distilleries, along with natural wonders like Hamilton Pool and the breathtaking Reimer's Ranch on the Pedernales. ~30-35 minutes to the Austin Airport and/or downtown Austin. Esteemed Lake Travis ISD.
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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 |
|---|---|---|---|
| Oct 5, 2024 | Listed by @ properties Christie's International | $1,227,000 | |
| Listed by @ properties Christie's International | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017