12246 Seagrape Lane
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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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2025 | In contract | - | |
| In contract | |||
| May 24, 2025 | Listed by Coldwell Banker Realty - Lake Conroe/Willis | $799,900 | |
| Listed by Coldwell Banker Realty - Lake Conroe/Willis | |||
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Welcome Home to the Prestigious Royal Cay Estates @Watercrest! This gated section of 50 homes are all on nearly a half-acre or bigger! This desirable 1.5 story home features over 3500 sq ft, a 4-car attached garage with epoxy flooring & an electric attic lift for easy storage. If more garage space is desired you can submit to build a separate garage/pool house on this property as well. Interior features include 4 full bedrooms, a den/office, a media plus a gameroom. Enjoy a gourmet kitchen that boasts a gas cooktop, double ovens, stainless appliances, granite counters & an amazing pantry with appliance tower & ladder. Stay active in your large saltwater pool with heater/chiller or relax on your floating deck after playing a round on your 5-hole putting green. You can also launch your boat from the subdivision boat ramp directly onto Lake Conroe. Home includes a 24kw Generac generator & permanent lighting for all holidays and occasions. This Home is FarmHouse meets Lake Living in One!
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| Feb 28, 2022 | Sold | ||
| Sold | |||
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
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About Conroe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017