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1417 Apache Tears
About This Property
Adjacent home 1415 Apache Tears also available MLS 168214 fully furnished, turn-key option is available for this contemporary home, situated high on a gated peninsula, overlooking the waters of Lake LBJ. Immerse yourself in the luxurious lifestyle offered by Escondido, Horseshoe Bay, and Lake LBJ. The available La Cascada membership allows four parties to share the home with only one membership fee, making this an ideal vacation home! Designed with elegance and comfort in mind, the home boasts top-of-the-line appliances, a stunning waterfall island, and an open living space featuring a floating gas fireplace and a wet bar. The expansive master suite offers direct access to a private patio seating area with a TV above a gas fireplace. The lower level also includes a home office, a powder room, and a guest casita with its own entry. The upper-level game room is furnished with top-notch entertainment features plus a wet bar, with access to a large covered and screened deck. Enjoy the breathtaking lake views shooting pool with a drink in hand! Two beautifully appointed guest suites complete the upstairs. Experience luxury outdoor living with a heated pool and spa, an outdoor kitchen, and a fire pit perfect for cooler evenings. Home features include a fully automated patio shade system, energy-efficient smart home, spider-be-gone system, fiber optic internet. Car enthusiasts will appreciate the two separate garages, each equipped with custom-built cabinets. Owners enjoy an exclusive equity club membership to the premier amenities at Escondido Lake & Golf Club.
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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 |
|---|---|---|---|
| Jan 31, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Sep 12, 2024 | Listed by Horseshoe Bay ONE Realty | $3,395,000 | |
| Listed by Horseshoe Bay ONE Realty | |||
| Apr 12, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 19, 2024 | No longer available | - | |
| No longer available | |||
| Jan 13, 2024 | Listed by Horseshoe Bay One Real Estate | $3,335,000 | |
| Listed by Horseshoe Bay One Real Estate | |||
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Situated on a picturesque peninsula overlooking the waters of Lake LBJ, this exquisite contemporary home boasts a wealth of thoughtful upgrades that elevate it beyond the builder's original vision. The modern kitchen boasts top-of-the-line appliances, seamlessly flowing into the open living space, offering captivating pool views and centered around a stunning waterfall island. The expansive master suite is conveniently located on the entry floor alongside with a private office and guest casita, the upper level hosts a gameroom with captivating views from the covered deck, and two graciously appointed guest suites. The poolside is complete with an outdoor kitchen that invites you to entertain, and a firepit to embrace the cooler evenings. Enjoy the privileges of an exclusive equity club membership, granting access to top-notch amenities and services at nearby Escondido. PURCHASE INCLUDES ONE YEAR PAID MEMBERSHIP FEES TO ESCONDIDO! The manager has listed the unit size as 4005 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017