1111 Lakeway Drive
About This Property
Located in the rapidly growing city of Sanger, Palomino Bay offers a unique opportunity to enjoy a quieter, more private lifestyle while remaining within convenient reach of the DFW metroplex. The area continues to see exciting growth, including a new 5A high school and expanding retail and dining options. Lake Ray Roberts and the marina are just minutes away, with ongoing improvements bringing new boat slips, dining, and an updated boat launch to the area.
For those looking for the space and privacy of acreage without sacrificing access to modern conveniences, this completed custom home offers the rare opportunity to move in and enjoy immediately-without the extended timeline of building from the ground up. Experience the best of small-town living, lake-area recreation, and thoughtfully designed luxury at Palomino Bay.
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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 8, 2026 | Listed by Allie Beth Allman & Assoc. | $1,999,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017