There is not another home like this in Grand Mesa at Crystal Falls,
literally. Designed by award-winning Austin architect Jiri Hajek,
the residence was created specifically for this property rather
than adapted from a builder plan. The owners hold the original
floorplan, making this the only home of its kind in the
neighborhood. Set on 1.8 acres with more than 200' between the home
and the road, the setting feels private from the moment you turn
onto the driveway. Mature live oaks, cedar elms, and black walnut
trees surround the property, while stucco, stacked stone, arched
openings, a tile roof, and a Juliet balcony give the home the look
of a Mediterranean villa hidden beneath the canopy. It was
intentionally positioned to benefit from the shade, supporting its
energy-efficient design while preserving the natural beauty. At the
center is a private, tree-shaded courtyard that functions as a true
outdoor living space. The home wraps around it, with expansive
windows and multiple access points keeping the courtyard visually
connected to the interior. Stone paving, cafe lights, mature trees,
and stacked stone walls create an intimate setting. The property
opens into a broad lawn framed by mature trees and continues to the
center of Bloody Hollow Creek, giving the home a private gathering
space and room to enjoy the acreage. Inside, the home lives
primarily as a single story, with the main living areas and
bedrooms downstairs and an upstairs office or flex space with a
Juliet balcony. A soaring living room with views, arched openings,
stone and brick accents, and rich wood details carries the
architecture indoors, while the kitchen brings custom cabinetry, a
generous island, and plenty of storage. More than anything, this
home was designed around its setting, from the secluded approach
and private courtyard to the expansive lawn and creek beyond. Its
architecture, acreage, and seamless indoor-outdoor connection make
it truly unlike anything else in the community.
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.
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