Lakeside Retreat for Relaxation & Adventure
$1,999,999
target home price
$333,333
cost per share
$2,979 / mo
estimated costs
$3,333 / mo
monthly income
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CASH AT CLOSING PER SHARE
|
|
Down Payment
$66,667
|
|
Closing Cost
$20,000
|
|
Reserve Fund Deposit
$10,000
|
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Total Cash at Closing
$96,666
|
Details
Are you intrigued by fractional ownership? If so, delve into the allure of your dream summer retreat at 2217 Seabiscuit Cove #107, where lakeside luxury beckons.
Envision your ideal summer day at 2217 Seabiscuit Cove #107, your exclusive gateway to The Reserve at Lake Travis. Begin your mornings on a private balcony, savoring panoramic views of Lake Travis, lush hills, and sailboats gliding across the water. Allow the fresh air to wash away your worries as the promise of adventure fills the atmosphere.
Experience the heart of summer by indulging in the sparkling pool—an azure oasis surrounded by sun loungers and laughter. Whether you're taking a refreshing dip, splashing with the kids, or leisurely floating on a lilo, the swim-up bar ensures frosty cocktails and lively poolside banter. The lazy river offers a carefree journey through a sun-drenched paradise.
For added amenities, explore The Riverbend Club, featuring a fitness center, pickleball courts, a playground, and a game room. A restaurant and bar with stunning lake views add to the allure.
As the afternoon unfolds, embrace the whispers of adventure. Cast your line from your private boat dock—one of the few available on Lake Travis—or embark on a thrilling jet ski ride, feeling the wind through your hair as you carve through the glassy surface of the lake. With 3.5 miles of pristine Lake Travis shoreline and a private marina offering 162 boat slips (up to 80 feet!), indulge in swimming, fishing, boating, kayaking, paddleboarding, and more.
As the sun sets, gather around the crackling fire pit, roasting marshmallows under twinkling stars. The Lakeside Lodge awaits with live music and a delectable menu, providing the perfect setting for a romantic dinner or a lively family feast.
2217 Seabiscuit Cove #107 transcends the definition of a mere condo—it's a canvas for your summer dreams, a playground for all ages, and a haven for relaxation and connection. Imagine the memories, laughter, and stories that will echo through this space for years to come.
And here's the bonus: This luxurious condo isn't just a summer escape; it's a savvy investment. Positioned for lucrative short-term rentals, your condo can generate income when not in use, welcoming other families to create their own perfect summer days.
Don't let this chance to own a piece of paradise slip away. Unlock the door to your lakeside oasis and a potentially lucrative investment opportunity. Remember, this isn't just a property; it's your key to the perfect summer, every summer, and financial freedom to boot!
Ready to turn the dream into reality? Contact us today!
House Usage
- 6 shares total
- 8 weeks a year per share
About the Organizer
Real estate pro, broker, and entrepreneur, Mary Anne McMahon combines 20+ years of experience with sharp business acumen to excel in Austin's competitive market. From tech to top broker, she founded Posh Properties and joined @properties Christie's International Real Estate, offering luxury expertise and global reach. As owner of Motto Mortgage ATX, she helps guides clients with unique mortgage options. Committed to family and community, Mary Anne supports causes like The SAFE Alliance and Dell Children's Foundation. Honest, personable, and always ahead of the curve, she's making waves in the industry with unwavering determination.
Amenities
- Dock
- Pool
- Waterfront
House Rules
- Pets allowed
- No firearms allowed
- Short term renting permitted
Ask A Question
Calculated Costs per Share
|
CASH AT CLOSING PER SHARE
|
|
Down Payment
$66,667
|
|
Closing Cost
$20,000
|
|
Reserve Fund Deposit
$10,000
|
|
Total Cash at Closing
$96,666
|
This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.
Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.
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ESTIMATED MONTHLY EXPENSES PER SHARE
|
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Mortgage Payment
$1,957
|
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Insurance/Taxes
$361
|
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Repairs
$278
|
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Maintenance
$278
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Utilities
$68
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Cleaning
$38
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Total Expenses
$2,979
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ESTIMATED MONTHLY INCOME PER SHARE
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Monthly Income
$3,333
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Total Monthly Income
$3,333
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A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.
We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.