48
Map
15498 Carmel Drive
About This Property
Downstairs primary sits apart from main living quarters, with separate entrances from driveway & backyard. Huge family room above could become part of that private space; giving extended family, long-term guests, or live-in caregiver room to spread out, or potential for rental. Large walk-in closets, additional upstairs flex space, half bath, & walk-in storage give options: hobbies, work, & everyday living.
Upstairs primary & covered balcony overlooking treetops & backyard. Two lots ~HALF ACRE fenced yard, fire pit, covered deck, & room for a pool.
Steps from Lake Conroe:boat launch, marina, clubhouse, pool, waterfront green spaces. HEB, restaurants, shopping, & I-45 minutes away.RENT to OWN option may be available.
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Price Decreased |
$600,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Aug 2, 2026 | Price Decreased |
$650,000
↓ $50K
(7.1%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by eXp Realty LLC | $700,000 | |
| Listed by eXp Realty LLC | |||
| Feb 13, 2023 | Sold | ||
| Sold | |||
| May 26, 2022 | Listed by Green & Associates Real Estate | $499,000 | |
| Listed by Green & Associates Real Estate | |||
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Great home with a lot of recent updates located in Corinthian Point, just a short walk to Lake Conroe!!
Situated on two lots with a drive through garage, this house has two bedrooms that can be used as the master bedroom, one downstairs and one upstairs. Downstairs you have a nice open kitchen with granite counter tops overlooking the breakfast area, living room and dining area. Tiled floors in the living area with sunk in seating area around the fireplace. Secondary living area could be used as a den or home office. Two spare bedrooms are also located downstairs. Entering the stairs from the front hallway will lead you up to a private master suite, large walk-in shower, oversized tub with double sinks and granite counters and a walk-in closet, outside the suite you will find a large, covered balcony overlooking the back yard. Above the downstairs master bedroom is a large 26x26 game room with half bath. Great neighborhood with lots of amenities!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017