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$1,299,999

1009 Ranch Road 620 N 409, Lakeway, TX, 78734

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths2,700 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$481.48 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
AppliancesSee Remarks
FlooringConcrete, See Remarks

Exterior

Exterior FeaturesBalcony, Private Entrance
Lot Size7.98 acres

Building Information

Year Built2021
Stories1
Garage Spaces10

Land Information

APN01436601120000
Lot Number36A
SubdivisionCardinal Hills Estates Unit 11 Amd Lots
Land UseIndustrial
Legal Description7.9839AC OF LOT 36A CARDINAL HILLS ESTATES UNIT 11 AMD LOTS 9-10 & 36
Census Tract031500
Assessed Land Value$2,921,335
Assessed Improvement Value$13,319,241
Assessment Year2024

About this property

Garages of Texas – Luxury Car Condo | Unit 409 Rare opportunity to own the largest unit in this premier gated car condo community on N FM 620 in Lakeway. This 2,700 SF, climate-controlled garage condo (built 2022) features ±20' clear height with oversized insulated overhead doors, a 33% mezzanine buildout with private balcony views, and high-end finishes throughout. Includes car lifts, custom cabinetry, 125A/240V metered power, plumbing stub, LED lighting, and high-speed internet. 24/7 gated access, cameras, and fencing, plus a full-amenity clubhouse with lounge, kitchenette, and ADA facilities. Utilities (water, internet, trash) included. Perfect for car collectors, hobbyists, or a private workshop/office retreat with 50' drive aisles to accommodate large vehicles. Minutes from Lake Travis and Lakeway City Center.

Investor Tools

$0Estimated Mortgage Balance
$16,240,576Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$97,443 /month
Positive
Cash Flow Estimate:
$32,481 /month

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Alan Loudermilk

Alan Loudermilk, Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$6,767/month
$2,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$16,240,576
2024
$2,921,335
$13,319,241
$16,240,576
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$16,240,576

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$16,240,576
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lakeway

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1009 Ranch Road 620 N 409 | Property Details | No Agent List