11831 Smallwood Drive
About This Property
Upon entering, you'll find an inviting atmosphere that leads you seamlessly through the living spaces. Beautiful hardwood floors adorn the living and dining area. The formal dining area, featuring a built-in china cabinet, is ideal for hosting memorable gatherings, while the breakfast area provides a cozy spot for enjoying mornings with family. The living area includes a stunning fireplace, adding warmth and charm to your home.
With 3,337 square feet of thoughtfully designed living space, this home features a versatile layout catering to relaxation and entertainment. Each of the four bedrooms features its own private bathroom, walk-in closets, and three of the rooms include built-in desks with bookshelves, ensuring convenience and privacy for everyone.
Enjoy the benefits of modern living with 2 AC units, one of the units is just four years old and a roof that is less than two years old. The property also includes a gas furnace and two tankless hot water heaters for efficiency. The sound system speakers in the living area enhance your entertainment experience, while custom vertical blinds require no dusting.
Step outside to the covered back patio with a privacy fence, perfect for outdoor gatherings, and benefit from natural gas connections for your outdoor grill. The oversized two-car garage includes a workbench area, while an air-conditioned designated dog room with a doggie door adds convenience for pet owners.
Located in the highly sought-after Three Lakes School District, this property is a rare find that combines luxury and practicality in a beautiful setting. Don't miss the opportunity to make this stunning home your own!
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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 11, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | No longer available | - | |
| No longer available | |||
| Jun 28, 2026 | Listed by Keller Williams Realty-Tyler | $555,000 | |
| Listed by Keller Williams Realty-Tyler | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| Jun 7, 2026 | Price Decreased |
$580,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017