1425 Apache Tears #14FRACTIONAL
About This Property
The spacious great room has 12-foot ceilings, a stone-clad fireplace, a wall of glass doors opening to a covered patio with a fully equipped outdoor kitchen and gas fireplace. Just beyond are an infinity pool and spa, with views stretching to the horizon. Expand your living space potential with a fully automated shade system that encloses the covered patio with the push of a button.
The exquisite kitchen has a SubZero refrigerator, a six-burner Wolf stove, a quartz eating and prep island, plus a back kitchen ideal for entertaining and catering. The sleek dining area includes a wet bar and wine fridge.
In addition to an office and exercise room, the main floor is home to a private primary suite with a spa-like en suite bathroom featuring a soaking tub, two vanities and a rain shower.
The guest suite has a separate entry from the front courtyard. A floating staircase leads to the second floor with its game room and wet bar, two more guest suites and a balcony offering more lake vistas.
The private boat suite offers convenient access to Lake LBJ, equipped with additional storage in the private boathouse.
The home, only 5 minutes from the private club, is currently undergoing a design refresh. It will have all new furniture and professional decor.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 26, 2024 | Price Decreased |
$799,000
↓ $729K
(47.7%) | |
| Price Decreased | |||
| Jul 1, 2024 | Listed by Horseshoe Bay ONE Realty | $1,528,000 | |
| Listed by Horseshoe Bay ONE Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/01/2024
|
4 Bed
|
6 Bath
|
4600 ft²
|
$1,528,000
4 Bed
6 Bath
4600 ft²
|
-
-
|
Edward Burget
Horseshoe Bay ONE Real Estate
| |
|
01/13/2024
| |
4 Bed
|
6 Bath
|
4600 ft²
|
$4,499,000
4 Bed
6 Bath
4600 ft²
|
-
-
|
Edward Burget
Horseshoe Bay ONE Real Estate
|
|
02/09/2023
| |
4 Bed
|
6 Bath
|
4600 ft²
|
$3,995,000
4 Bed
6 Bath
4600 ft²
|
-
-
|
Leslea Roberts
Horseshoe Bay Resort Realty
|
|
05/05/2022
| |
4 Bed
|
6 Bath
|
4200 ft²
|
$2,790,000
4 Bed
6 Bath
4200 ft²
|
-
-
|
Leslea Roberts
Horseshoe Bay Resort Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017