Five private acres surround this custom Old World Storybook estate
on the coveted High Road in Westlake Hills, blending artisan
craftsmanship w/modern efficiency. This 4 bed, 4 bath retreat
features 21kW solar, 6 zone 21 SEER Carrier geothermal heat pumps,
spray foam insulation, w/average utility costs of $70/mo. This home
is constructed w/Insulated Concrete Form (ICF) walls, a
high-performance building system. As you enter, a Tiffany-style
stained glass entry opens to vaulted wood-beamed ceilings, Venetian
plaster walls, Arizona Rosa flagstone floors, & hand-crafted
details throughout. Office features Unique Green Man Masonry
Fireplace & antique doors. The great room showcases salvaged
hemlock trusses, a weeping mortar stair tower, travertine
wainscoting, stained glass accents & dramatic fireplace, w/antique
100-year-old doors open to a serene courtyard framed by
dragon-themed wrought iron railings. A marble-floored library
w/coffered faux copper ceiling, wall-to-wall bookcases, mahogany
windows, & Juliet balcony, complemented by medieval stained glass
crafted from 200-year-old salvaged glass. The private owner's suite
offers a stone fireplace, hand scraped teak floors & spa-like bath
with river rock shower. Upstairs bedrooms feature bamboo floors &
built-ins, & a spiral staircase leads to a hilltop tower
w/panoramic views. Additional living spaces feature hand-chiseled
mesquite mantels & flow seamlessly to expansive decks overlooking
rolling hills. The kitchen includes custom cabinetry, large island,
double copper sink, & thermal chimney cupola. The lower-level guest
suite provides private access & full bath. Outdoors, enjoy
massaranduba decking, koi pond w/Indian Lotus, workshop, mult
parking areas w/two driveway entrances, copper gutters, 100%
masonry stucco w/moss rock, wildflower fields, nature trails to a
creek, & space for future guest homes. A custom pool w/natural
stone accents, stone & turf patio is currently under construction
to complete this estate!
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.
Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Beamed Ceilings, Cathedral Ceiling(s), Coffered Ceiling(s), Chandelier, Stone Counters, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Speed Internet, In-Law Floorplan, Kitchen Island, Natural Woodwork, Pantry, Recessed Lighting, Smart Thermostat, Soaking Tub, Storage, Walk-In Closet(s), Wired for Sound, Two Primary Baths, Two Primary Suties, Ceiling-High, Ceiling-Vaulted, Interior Steps, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Study/Home Office
Appliances: Built-In Electric Oven, Built-In Gas Range, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer, RNGHD
Flooring Type: Bamboo, Marble, Stone, Tile, Wood
Has Fireplace
Fireplace Features: Den, Dining Room, Double Sided, Family Room, Glass Doors, Great Room, Living Room, Masonry, Bedroom, Stone, Wood Burning
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