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1523 Velda Kay Lane
About This Property
Introducing this exquisite 5-bedroom, 4.5-bath custom estate, privately situated on a sprawling 1-acre lot in the prestigious Willow Springs Ranch. Surrounded by lush, manicured landscaping, a gated drive through a Porte-cochere welcomes you to a 3-car oversized garage. The grand interior showcases soaring ceilings and abundant natural light within an open-concept layout. The living room features custom built-ins and elegant French doors opening to the backyard patio, seamlessly blending indoor and outdoor living. The chef's kitchen is a standout with double islands, dual sinks, a 5-burner gas cooktop, vented exhaust fan, and an oversized walk-in butler's pantry, plus a beverage fridge and wine rack, breakfast bar seating, and abundant cabinetry-all flowing into the dining and living areas.
The private primary suite offers a refined retreat with serene backyard views and elegant French doors providing direct access to the patio. The spa-inspired ensuite includes dual vanities, a soaking jetted tub, separate shower, and an oversized walk-in closet. Secondary bedrooms are generously sized, with walk-in closets, with two extra bedrooms on the main level as well as a large private office with built-ins. The upstairs bedrooms feature private ensuite baths. Upstairs includes a game room and dedicated media room.
Step outside to a private, resort-style backyard retreat featuring a sparkling pool, fire pit seating, and an expansive covered patio with outdoor kitchen-designed for elevated entertaining and everyday luxury. The sprawling, oversized yard offers exceptional space and privacy, complete with a charming playhouse with electricity and ample room for pets, play, or hosting. Experience private, estate-style living in the heart of Haslet.
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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 |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Apr 24, 2026 | Listed by Keller Williams Realty | $1,049,900 | |
| Listed by Keller Williams Realty | |||
| Sep 2, 2021 | Sold | ||
| Sold | |||
| Jun 12, 2021 | Listed by Alliance Properties | $899,000 | |
| Listed by Alliance Properties | |||
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THE WHOLE PACKAGE! Come enjoy serene country living in this stunning home on a spacious 1 acre lot in sought after Willow Springs Ranch! The impressive front elevation set the stage for this luxury chateau & the European charm this home exudes throughout! Custom built with top notch construction including engineered foundation, foam insulation, 2x6 framing plus upgrades throughout! Ideal floorplan for a large family or multi-gen living with 5 bedrooms plus a study! Private Master retreat with spa like bath & HUGE closet! Entertain in the resort style backyard complete with sparkling pool, outdoor kitchen, fire pit there is even a playhouse with electric for the kids!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017