139 Crape Myrtle DR
About This Property
The 2,769-square-foot primary residence is carefully curated to inspire, with a seamless blend of character, charm, and comfort. It features an oversized primary suite with a spacious spa bath, two additional guest rooms, one bath, an open kitchen with a commercial-grade 60" range, and a custom island crafted from imported Moroccan doors. The dining and living areas captivate with soaring ceilings, abundant natural light, and sweeping views of the Texas landscape.
The 1,080-square-foot guest house, constructed around an authentic shipping container, offers two bedrooms, one bath, a full kitchen, and a light-filled living area - perfect for visitors seeking privacy and style.
The 1,750-square-foot barn is a versatile space ready to accommodate any vision, from a banquet hall to a game room, gym, sound stage, or even a music venue. A blank canvas, the barn awaits your creative touch.
Amenities include a swimming pool with 3,000 sq. ft. of decking for relaxation and entertaining, a one-acre stocked pond, RV hookups, a covered pavilion, a chicken coop, a fire pit, horse stables, a shooting range, a commercial kitchen, an art studio/office, and a bunker. The 11.5 Collection epitomizes refined, relaxed living, inviting you to embrace luxury amidst nature.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 17, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Nov 15, 2024 | Price Decreased |
$1,750,000
↓ $145K
(7.7%) | |
| Price Decreased | |||
| Oct 18, 2024 | Price Decreased |
$1,895,000
↓ $105K
(5.3%) | |
| Price Decreased | |||
| Jun 14, 2024 | Listed by Compass RE Texas, LLC | $2,000,000 | |
| Listed by Compass RE Texas, LLC | |||
| Apr 24, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017