4720 Plaza On The Lake 238, Austin, TX 78746 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2003Total Assessed Value $77,000,000County Travis

Property Details

The Apartments property 4720 Plaza On The Lake 238, Austin, TX 78746 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $77,000,000.

The gross building area is 260,918 square feet and the land area is 1,036,035 square feet for this Apartment High Rise (5+ stories) built in 2003.

Legal description: Lot 1 Blk A Nalle Woods Subd

$77,000,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,287

Avg Rent

Property Image of 4720 Plaza On The Lake 238, Austin, TX 78746, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area260,918

Land Size1,036,035

Land Value$19,425,694

Improved Value$57,574,306

Total Assessed Value$77,000,000

Year Built2003

County NameTravis

Account Number564450

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

FireplaceFireplace - Wood Burning

Parking Space321

HeatingNone

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi

Type ConstructionOther

No of Stories3

Garage TypeAttached Garages,Detached Garages,Covered Parking/Carport

Bathrooms13

PatioAvailable

Access Gates1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Walk-in Closets1

Emergency Maintenance1

Self Clean Ovens1

Trash Pickup1

Granite Countertops1

Refrigerator1

10ft Ceilings1

Number of Units238

Sales History

6/30/2021

Arms-length$67,500,000

Buyer

Morningside Nalle Mdp, Llc

Seller

Morningside Nalle Mdp, Llc

Book Number

2021.148492

Recording Date

6/30/2021

Transaction Details

Morningside Nalle Mdp, Llc acquired the property from Morningside Nalle Mdp, Llc through a Arms-length transaction on 6/30/2021 for $67,500,000.

2/1/2019

Arms-length$57,650,000

Buyer

Morningside Nalle Mdp, Llc

Seller

4700 Nalle Woods Realty Company Llc

Book Number

2019024155

Recording Date

2/1/2019

Transaction Details

Morningside Nalle Mdp, Llc acquired the property from 4700 Nalle Woods Realty Company Llc through a Arms-length transaction on 2/1/2019 for $57,650,000.

8/17/2010

Arms-lengthNot Disclosed

Buyer

Austin Apartments Realty Company Llc

Seller

Nalle Woods Ltd

Book Number

2010.119304

Recording Date

8/17/2010

Transaction Details

Austin Apartments Realty Company Llc acquired the property from Nalle Woods Ltd through a Arms-length transaction on 8/17/2010 for .

Property constructed in 2003

YSale Price (USD) byXSales Year

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Mortgage History

2/21/2019

Reo and trustee deeds$34,220,000

Borrower

Morningside Nalle Mdp, Llc

Lender

Cibc Bank Usa

Book Number

2019.24156

Recording Date

2/21/2019

Transaction Details

Morningside Nalle Mdp, Llc borrowed the property from Cibc Bank Usa through a Reo and trustee deeds transaction on 2/21/2019 for $34,220,000.

Property constructed in 2003

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$19,425,694	$57,574,306	$77,000,000	$77,000,000	Morningside Nalle 77...	Morningside Nalle Md...	Lot 1 Blk A Nalle Wo...	NWW	S09315	1,036,035	260,918
2024	$19,425,694	$58,394,306	$77,820,000	$77,820,000	Morningside Nalle 77...	Morningside Nalle Md...	Lot 1 Blk A Nalle Wo...	NWW	S09315	1,036,035	260,918
2023	$19,425,694	$59,174,306	$78,600,000	$78,600,000	Morningside Nalle 77...	Morningside Nalle Md...	Lot 1 Blk A Nalle Wo...	NWW	S09315	1,036,035	260,918
2022	$19,425,694	$60,173,826	$79,599,520	$79,599,520	Morningside Nalle 77...	223 W Erie St 3rd Fl...	Lot 1 Blk A Nalle Wo...	NWW	S09315	1,036,035	260,918
2021	$19,425,694	$35,074,306	$54,500,000	$54,500,000	Morningside Nalle 77...	Morningside Nalle Md...	Lot 1 Blk A Nalle Wo...	08NWW	S09315	1,036,035	260,918
2020	$19,425,694	$36,074,306	$55,500,000	$55,500,000	Morningside Des Plai...	Morningside 770 Llc,...	Lot 1 Blk A Nalle Wo...	08NWW	S09315	1,036,035	260,918
2019	$21,516,290	$33,983,710	$55,500,000	$55,500,000	Morningside Des Plai...	Morningside 770 Llc,...	Lot 1 Blk A Nalle Wo...	08NWW	S09315	1,036,035	260,918
2018	$19,425,694	$35,014,306	$54,440,000	$54,440,000	Austin Apartments Re...	% Nalle Woods Realty...	Lot 1 Blk A Nalle Wo...	08NWW	S09315	1,036,035	260,918
2017	$19,425,694	$36,048,106	$55,473,800	$55,473,800	Austin Apartments Re...	% Nalle Woods Realty...	Lot 1 Blk A Nalle Wo...	08ENS	S09315	1,036,035	260,918
2016	$19,425,694	$30,374,306	$49,800,000	$49,800,000	Austin Apartments Re...	% Nalle Woods Realty...	LOT 1 BLK A NALLE WO...	08ENS	S09315	1,036,037	260,918

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Showing 1 to 10 of 17 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
4720 Plaza On The Lake 238, Austin, TX 78746	564450	Apartments	Apartment High Rise (5+ stories)	Morningside Nalle 770 Llc &	Travis	-	$ 67,500,000	2021-06-30	$ 258.70	2003	260,918	238
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	5.0	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	5.0	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	4.8	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	3.9	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	4.3	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
11205 N Fm 620, Austin, TX 78726	178190	Apartments	Apartment High Rise (5+ stories)	Cws Plaza Volente Mf Lp	Travis	7.5	$ 76,542,830	2025-11-10	$ 249.41	2024	306,900	372
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	6.0	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	7.3	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384
11266 Taylor Draper Ln, Austin, TX 78759	158202	Apartments	Apartment High Rise (5+ stories)	Northland Museo Llc	Travis	5.4	$ 31,676,610	2025-11-12	$ 138.35	1993	228,966	276
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	5.0	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	4720 Plaza On The Lake 238, Austin, TX 78746	—	-	1,036,035	2003	260,918	$ 77,000,000	$ 19,425,694	-
Pnc Bank Na	1801 W 37 St, Austin, TX 78731	09/15/2025	$ 250,000	6,974	1982	2,682	$ 764,370	$ 418,567
Acre Originator Llc	8528 Burnet Rd, Austin, TX 78757	09/10/2025	$ 39,450,000	120,666	2024	276,841	$ 85,504,863	$ 5,429,950	Burnet Apartments Lp
Everett Financial Inc	6324 N Lamar Blvd, Austin, TX 78752	07/23/2025	$ 180,000	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Southside Bank	6324 N Lamar Blvd, Austin, TX 78752	07/14/2025	$ 268,000	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Bredif Ms Seller Llc	5629 N Lamar Blvd, Austin, TX 78751	06/04/2025	$ 51,850,000	145,451	2021	235,476	$ 68,370,649	$ 12,363,335	Atlas North Lamar Lp
Everett Financial Inc	6324 N Lamar Blvd, Austin, TX 78752	05/29/2025	$ 202,500	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Jpmorgan Chase Bank Na	10010 N Capital Of Tx Hy, Austin, TX 78759	04/21/2025	$ 12,700,000	74,605	2024	104,400	$ 19,924,400	$ 1,119,105
Everett Financial Inc	6324 N Lamar Blvd, Austin, TX 78752	04/11/2025	$ 285,950	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Origin Bank	9127 Research Blvd, Austin, TX 78758	04/03/2025	$ 150,000	128,206	2024	233,475	$ 73,900,000	$ 5,128,200
Loanpeople Llc	6324 N Lamar Blvd, Austin, TX 78752	03/18/2025	$ 115,000	52,133	2021	84,150	$ 22,180,286	$ 4,457,338

Mean$ 39,450,610

Median$ 8,682,500.0

Loan Amount Range$ 115,000 - $ 185,399,000

Showing 1 to 10 of 26 entries

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License Details

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