Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakeway Duplex with Hill Views Title is generated by Realmo AI

    507 S Meadowlark Street #B, Lakeway, TX 78734

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,750/Mo $13 SF/Yr (calc)

    Spacious 4-bed, 3.5-bath duplex with two primary suites and views.

    Type:Condominium
    Property size:
    2,518 SF
    Added:
    Aug 25, 2025
    Days on Market:
    276
    Last Refresh:
    May 19 at 10:23 pm

    Property Features for 507 S Meadowlark Street #B

    General Information

    Standard status
    Active
    Size
    2,518 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    (512) 575-3644
    (512) 575-3644

    Listing agent (512) 575-3644 License #0498456

    Listing office Compass RE Texas

    Listing date Aug 25, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass RE Texas

    HighLights

    • Hill Country Views
    • Two Primary Suites, one conveniently located downstairs
    • Fenced Backyard Maintained by Owner
    • Open Kitchen with Stainless Steel Appliances, including refrigerator
    • Lake Travis ISD
    • Convenient Location: Close to H‑E‑B, Hill Country Galleria, dining, shopping, and lake activities

    Overview

    This 4-bed, 3.5-bath duplex in Cardinal Hills, Lakeway, features hardwood floors, high ceilings, and natural light. It includes a fenced backyard maintained by the owner and a covered upstairs patio. There are two primary bedrooms, one upstairs and one downstairs, plus a secondary living area. The open kitchen has stainless steel appliances, including a refrigerator, and flows into spacious living and dining areas. Additional features include a private garage, driveway parking, a laundry closet, and under-stairs storage. The property is pet-friendly and located in the Lake Travis ISD, close to H-E-B, Hill Country Galleria, dining, shopping, and lake activities. The property offers Hill Country views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeway
    County
    Travis
    State
    Texas
    Longitude
    -97.9528542
    Latitude
    30.3587188

    Nearby Similar for Lease

    • Contact for pricing
      40,000 SF

      Class A Medical Office Space

      Medical office space in Lakeway Regional Medical Center development.
      101 Medical Pky, Lakeway, TX 78738
      View Details
    • Contact for pricing
      8,827 SF

      Lakeway Office Space Available

      Office building with 8827 square feet available for rent.
      1921 Lohmans Crossing Road, Lakeway, TX 78734
      View Details
    • Contact for pricing
      4,853 SF

      Lakeway Office Space Available

      Office space for lease in Lakeway, Texas.
      1927 Lohmans Crossing Road, Lakeway, TX 78734
      View Details
    • $30 SF/Yr
      1,215 SF

      Retail/Office Space For Rent

      Versatile retail or office space with high visibility and easy access.
      1700 Ranch Rd 620 N, Lakeway, TX
      View Details
    • Contact for pricing
      3,345 SF

      Lakeway Class A Office Space

      Class A medical office space for lease in Lakeway, Texas.
      401 South RR 620, Lakeway, TX 78735
      View Details
    • Contact for pricing
      1,985 SF

      Lakeway Office Space for Rent

      Class A office space with Hill Country and Lake Travis views.
      1927 Lohmans Crossing Rd, Lakeway, TX
      View Details
    • Contact for pricing
      3,345 SF

      Lakeway Medical Office Space

      Second-generation medical office space in prime location for rent.
      401 Ranch Rd 620 N, Lakeway, TX
      View Details
    • Contact for pricing

      Lakeway Duplex with Fenced Yard

      Inviting Lakeway duplex with open layout and fenced backyard.
      221 Stowaway Cove #A, Lakeway, TX 78734
      View Details
    • Contact for pricing
      3,900 SF

      Lakeway Office Space For Rent

      Office space available in Lakeway, Texas with general retail zoning.
      801 Ranch Road 620 S, Lakeway, TX
      View Details
    • Contact for pricing

      Lakeway Duplex Unit For Rent

      Duplex unit with 3 bedrooms and fenced backyard.
      433 Sailmaster Street #A, Lakeway, TX 78734
      View Details
    • $15 SF/Yr

      Lakeway Office Space For Lease

      Office space for lease in the heart of Lakeway.
      2101 Lakeway Blvd, Lakeway, TX 78734
      View Details
    • $15 SF/Yr

      Lakeway Retail Plaza Space

      Retail plaza in Lakeway, Texas, near Lake Travis.
      1310 Ranch Rd 620 S, Lakeway, TX 78734
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious 4-bed, 3.5-bath duplex with two primary suites and views.
    Where is this duplex located?
    The property is located at 507 S Meadowlark Street #B Lakeway, TX.
    What is the lease rate?
    The lease rate is $2,750 /Mo.
    What are key features of this property?
    This property features: Hill Country Views; Two Primary Suites, one conveniently located downstairs; Fenced Backyard Maintained by Owner
    (512) 575-3644
    We can help!
    Listing Contact
    (512) 575-3644
    (512) 575-3644
    Real Estate License ID: 0498456
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    507 S Meadowlark Street #B, Lakeway, TX 78734
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!