11209 Tree Lake Drive
About This Property
Discover the perfect blend of modern comfort and expansive outdoor living with this beautifully updated 4-bedroom, 3-bathroom home in the heart of China Spring ISD. Offering approximately 2,467 sq. ft. of total living space per MCAD (main home and guest quarters), this property includes a separate guest quarters that blends seamlessly with the main home-perfect for visitors, caregivers, or private living space. The guest quarters has a shower bath, closet for storage, beautiful brick fireplace, sink and bar fridge!
Built in 2005, this inviting home has been extensively renovated to create an open-concept layout ideal for everyday living and entertaining. Step inside to find chic, updated interiors where no detail has been overlooked. The gourmet kitchen features stunning granite countertops, sleek updated appliances, and abundant cabinetry combining functionality with style. The living and dining areas flow together beautifully, showcasing new tile floors, sophisticated lighting, and a soothing neutral palette.
The primary suite serves as a tranquil retreat with generous proportions and a luxurious en-suite bathroom adorned with contemporary finishes. three additional spacious bedrooms offer comfort and flexibility, while two additional updated bathrooms add convenience and style.
Outside, enjoy your own private oasis on nearly an acre. The extended patio is perfect for outdoor dining and relaxation beneath mature trees offering shade and privacy. With ample room for a pool, sport court, dog run, or garden, this outdoor space offers endless potential.
Completing this thoughtful design is a two-car garage, providing ample storage and convenience. Blending indoor luxury with outdoor freedom, this property offers the perfect balance of space, comfort, and possibility-all within a highly desirable Waco location!!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 4, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Listed by Coldwell Banker Apex, REALTORS | $475,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| Sep 23, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 17, 2025 | Price Decreased |
$498,900
↓ $11K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017