Lake Travis Waterfront Short-Term
For Sale
Contact for pricing
8124 JOY RD, Volente, TX 78641
Three-bedroom lakefront home with deep-water shoreline access, expansive decks, and furnished interiors suited to immediate use.
Property Size1,904 SF
Price / SF$419.64
Days on Market8
Property Features for 8124 JOY RD
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Hospitality, Land
Building Details
Year Built
1958
Stories
2
Units
1
Listing Agency:
DMTX Realty Group
Listed By:
Dave Murray · License #TX 340639
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 3:21AM
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 DMTX Realty Group
Investment Insights
Based on property information with market context.
This 1,904 SF waterfront home on Lake Travis offers three bedrooms and two and a half bathrooms. The main level combines an open kitchen and dining area with multiple living spaces and access to two expansive decks. An upper-level bedroom includes a private bath and deck access, while the adjacent third bedroom can also function as a study. Newly purchased furnishings convey with the property.
The home has deep-water frontage on the main body of Lake Travis, shoreline access, and elevated lake views. It is located in a quiet waterfront neighborhood with a single point of entry in Volente. Four Points shopping, dining, and entertainment are approximately 10 minutes away, and downtown Austin is approximately 30 minutes away. The property is also near Volente Beach Club, Beachside Billy’s, Shack 512, Stiechen Park, and a fire station.
The home has deep-water frontage on the main body of Lake Travis, shoreline access, and elevated lake views. It is located in a quiet waterfront neighborhood with a single point of entry in Volente. Four Points shopping, dining, and entertainment are approximately 10 minutes away, and downtown Austin is approximately 30 minutes away. The property is also near Volente Beach Club, Beachside Billy’s, Shack 512, Stiechen Park, and a fire station.
Key Highlights
- 1,904 SF Lake Travis waterfront home with deep‑water frontage
- Three bedrooms and two and a half bathrooms
- Main‑level kitchen, dining area, and multiple living spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$583,740
$583.7K
Cap Rate 7%
$416,957
$417.0K
Cap Rate 9%
$324,300
$324.3K
Market Conditions
NOI Build-Up for 1,904 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.0K $29.40/SF
− Vacancy
−$2.9K −$1.53/SF
EGI
$53.1K $27.87/SF
− OpEx
−$23.9K −$12.54/SF
NOI
$29.2K $15.33/SF
Area
Williamson County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$583,740
Cap Rate 7%
$416,957
Cap Rate 9%
$324,300
Alternative Uses
Best Use
Apartment 5plus
$417.0K
$364.8K – $486.5K
NOI $29,187 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.9K
$696.4K – $928.6K
NOI $55,714 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three-bedroom lakefront home with deep-water shoreline access, expansive decks, and furnished interiors suited to immediate use.
Where is this short term rental property located?
The property is located at 8124 JOY RD Volente, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,904 SF Lake Travis waterfront home with deep‑water frontage; Three bedrooms and two and a half bathrooms; Main‑level kitchen, dining area, and multiple living spaces
