1136 Challenger
About This Property
Hardwood floors accentuate the main living areas, while the spacious kitchen features an island, breakfast bar seating, and a separate wet bar with soft ice machine and beverage refrigerator. Three fireplaces grace the living room, game room, and oversized primary suite. The remarkable primary retreat offers two separate bathrooms, both with garden tubs and separate showers, and one with a steam shower, three walk-in closets, a private lakeview patio, fireplace, and wet bar. This expansive suite can be closed off for privacy or reconfigured into two generous bedroom suites. Another upstairs bedroom features its own ensuite and lakeview patio, while the upper living area captures panoramic water views.
Two additional guest bedrooms share a Jack-and-Jill bath, each with a private vanity. The downstairs game room opens to a secluded, heated courtyard pool. An adjoining media room features a large bathroom and storage area and can be converted back into a bedroom. An elevator provides convenient access from the garage level to every floor. Abundant storage and oversized jetted spa tubs in several bathrooms add comfort and convenience.
A separate-entry casita offers versatile space for guest quarters, a private office, or fitness studio. Outdoors, a charming butterfly and hummingbird garden surrounds a lily pond, complemented by a deck extension and shaded patio with lake views. Fully fenced to protect the plantings from deer, this unique garden adds charm to the character of old Lakeway.
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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%.
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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 16, 2026 | Listed by Redfin Corporation | $1,749,500 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017