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1040 Falcon Nest Drive
About This Property
Step through the door and the upgrades speak for themselves. Stunning hardwood flooring runs throughout, anchoring wide, open living spaces designed for both quiet mornings and full-house gatherings. Thoughtful finishes and custom touches appear at every turn, the kind of details photos simply can't capture. This is a home that has to be walked to be appreciated.
The layout flows effortlessly from one living area to the next, with generous proportions and no wasted space. Single-level living means everything is right where you want it, while the sheer scale of the floor plan gives everyone room to breathe.
Out back, the resort begins. A luxury pool anchors a backyard built entirely around entertaining, with water features that bring movement and sound to the space and multiple gathering areas for however you like to host - poolside afternoons, evening dinners under the stars, or a quiet morning coffee with nothing but open space around you. The oversized lot delivers privacy that's rare at this level.
Add in the security and exclusivity of a gated community, and the result is a property that checks boxes most listings can't: space, privacy, upgrades, and an outdoor living experience that genuinely rivals a private resort.
Homes of this caliber in Kennedale don't come along often. Schedule your private showing today - and see the difference in person.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2026 | Sold | ||
| Sold | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by BLVD Group | $715,000 | |
| Listed by BLVD Group | |||
| Jun 26, 2020 | Sold | ||
| Sold | |||
| Jun 2, 2020 | Listed by Front Real Estate Co | $500,000 | |
| Listed by Front Real Estate Co | |||
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Amazing custom home built in 2016 in the exclusive gated Falcon Wood Estates. Entering the home you will immediate notice the hand scraped hardwood, large entry all leading to the large living room with cathedral ceiling, cedar beams and stone fireplace. Open to the dining room, inviting kitchen and breakfast room. Windows surrounding the back of the home overlooking the backyard allowing natural light throughout the home. Large split bedrooms all with walk-in closets and master suite with room for sitting area and amazing master bath. Great home office with coffered ceiling. Covered patio with outdoor kitchen and fireplace overlooking the pool sized backyard. Oversized 3 car side entry garage on this .630 acre
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About Falcon Wood Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017