1220 W Lake DR
About This Property
Beyond the home's impressive presence, the grounds are equally remarkable. A canopy of mature trees creates a private, park-like setting, while multiple outbuildings add character and functionality to the estate. Among them is a charming cottage-style she shed nestled among the trees, offering the perfect space for a home office, art studio, reading retreat, hobby room, or personal sanctuary. While rich in history and architectural significance, the property is not currently subject to local historic overlay restrictions, providing added flexibility for future improvements and personalization, subject to buyer verification.
Inside, soaring ceilings, original architectural details, three fireplaces, and generously proportioned rooms showcase the craftsmanship and elegance of a bygone era while offering the comfort and functionality desired for modern living. Filled with character and timeless appeal, the home's spacious layout provides flexibility for entertaining, gathering, and everyday living.
Outdoor amenities include a sport court, RV hookup, expansive open spaces, and additional outbuildings offering opportunities for storage, workshops, hobbies, guest accommodations, or future creative uses. The property's size and layout also lend themselves to multigenerational living and a variety of lifestyle needs, with future uses subject to local regulations and buyer verification.
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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 |
|---|---|---|---|
| Oct 5, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Price Decreased |
$950,000
↓ $275K
(22.5%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by Keller Williams Realty | $1,225,000 | |
| Listed by Keller Williams Realty | |||
| Nov 10, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 21, 2025 | Listed by Keller Williams Realty | $1,350,000 | |
| Listed by Keller Williams Realty | |||
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Step into a piece of Texas history — the iconic Charles Hague Homestead, built in 1888, beautifully restored and thoughtfully updated in the heart of Taylor.
This striking 3-story Victorian-style residence boasts 4,527 square feet of timeless character with modern comforts, offering 4 spacious bedrooms and 4 full bathrooms. Nestled on a corner lot, this 1.4 -acre property features a private backyard retreat complete with a sparkling pool, sports court, and multiple outbuildings — perfect for entertaining, hobbies, or extra storage.
Inside, you’ll find soaring ceilings, original architectural details, abundant natural light, and a long list of recent improvements that blend historic charm with everyday livability. Whether you're looking for a forever home, a showpiece for hosting, or a unique opportunity in fast-growing Taylor, this one-of-a-kind property is truly something special.
Don’t miss your chance to own a landmark — schedule your private tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017