Lakeside Escape to Rejuvenate & Reimagine
$1,878,000
target home price
$313,000
cost per share
$2,804 / mo
estimated costs
$3,130 / mo
monthly income
CASH AT CLOSING PER SHARE
|
Down Payment
$62,600
|
Closing Cost
$18,780
|
Reserve Fund Deposit
$9,390
|
Total Cash at Closing
$90,770
|
Details
Open the door to the lake living lifestyle and you will want to move right- in! This stand alone stunning villa is a dream come true. Located in the sought after gated community - The Reserve at Lake Travis - as an owner you can join the exclusive Riverbend Club and have all the resort amenities you could ever imagine. A resort style pool with a swim up bar, slide & lazy river, pickelball court, clubhouse & world class marina. This multilevel villa is designed to take advantage of the natural light & natural views. The flexible & open floor plan is accentuated by soaring ceilings, wide plank hardwood floors, and walls of windows. The chef's dream kitchen features top-of-the-line stainless steel appliances, granite countertops, and a generous center island with ample storage. The king-size primary suite is a serene and private escape, complete with a spa-like bathroom that includes a huge walk in shower and dual vanities. On the main level, there are two additional bedrooms with a shared bathroom that provide private spaces for family or guests. The upper level offers flexible space with many uses-game room, media room, office, or an additional bedroom, this space also includes a private bath. The multiple outdoor living spaces, including an entertainment size covered patio with a built-in grill and refrigerator, and a tranquil upper balcony perfect for sipping morning coffee or entertaining guests.This lock and leave resort style community offers residents a low-maintenance lifestyle, as outdoor landscaping is expertly maintained by the HOA. The Lakeside Lodge and Restaurant is the perfect place to unwind after a fun-filled day, with its relaxing ambiance and stunning sunset views. Whether you're looking for a family home or a savvy investment property, short term rentals are allowed, this villa presents the ultimate opportunity!
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 guide 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
- Game room
- Pool
- Porch
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
$62,600
|
Closing Cost
$18,780
|
Reserve Fund Deposit
$9,390
|
Total Cash at Closing
$90,770
|
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.
ESTIMATED MONTHLY EXPENSES PER SHARE
|
Mortgage Payment
$1,837
|
Insurance/Taxes
$339
|
Repairs
$261
|
Maintenance
$261
|
Utilities
$68
|
Cleaning
$38
|
Total Expenses
$2,804
|
ESTIMATED MONTHLY INCOME PER SHARE
|
Monthly Income
$3,130
|
Total Monthly Income
$3,130
|
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.