$620,065
↓ $10K (1.6%)
●
House -
For Sale
1228 Emerald Lake Drive
Katy, TX 77493
4 Beds
3 Baths
2,582 Ft²
$3,149
Est. Monthly
$104
HOA / Fees
About This Property
New Construction - estimated completion December. NOW SELLING in
the Lakes of Cane Island! The Sicily floorplan is designed to
impress with 2,582 sq ft, 4 beds, 3 baths, study, side-load 2 car
garage, and no rear neighbors! The beautiful entrance foyer gives
access to a bedroom with nearby full bath, perfect for guests! The
heart of the home is the kitchen - nestled between the open family
room with striking fireplace, dining area, and private study. With
double islands, stacked upper cabinets, walk-in pantry, and
designer finishes, preparing meals becomes the best part of the
day. Two bedrooms off the dining area share a full bath and are
located near the utility room and drop zone, making every day life
more convenient. The primary bedroom is a true retreat with tray
ceilings and window bench, and an ensuite bath featuring separate
vanities, coffee bar area, soaking tub, and the massive closet of
your dreams! Enjoy the spacious covered patio, extra storage
throughout, and more!
Unit Size
2,582 Ft²
Days on Market
-
Land Size
-
Price per sqft
$240
Property Type
House
Property Taxes
-
HOA Dues
$104
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 days ago (HAR #94133081)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$620,065
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Chesmar Homes | $630,065 | |
| Listed by Chesmar Homes | |||
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: High Ceilings, Formal Entry/Foyer, All Bedrooms Down, En-Suite Bath, Primary Bed - 1st Floor, Walk-In Closet(s)
Appliances: ENERGY STAR Qualified Appliances, Water Heater, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
Flooring Type: Carpet, Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Electric
Fireplaces: 1
Exterior Details
Square Footage: 2582
Architectural Style: Traditional
Year Built Source: Builder
Year Built: 2026
Builder Name: Chesmar Homes
Building Area Total: 2582
Window Features: Window Coverings, Insulated/Low-E windows
Construction Materials: Batts Insulation, Brick, Insulation - Blown Fiberglass
Patio and Porch Features: Covered, Porch
Lot Features: Back Yard, Subdivided, 1/4 Up to 1/2 Acre
Lot Size Units: Acres
Lot Size Dimensions: 60 x 130
Water Source: Public, Water District
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Jogging Path, Playground, Pool, Sport Court, Pond
HOA Fee: $1,250
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Waller
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Listed by: Clay Woodard, Chesmar Homes
Last Updated: 2 days ago
Data Source: HAR , MLS# 94133081
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Last Updated: 2 days ago
Data Source: HAR , MLS# 94133081
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