1838 Gem Drive
About This Property
At the heart of the home, the chef-inspired kitchen features an oversized island, abundant cabinetry, stylish coffee bar, spacious pantry, and a GE 5-burner gas cooktop designed for effortless cooking and entertaining. A large utility room adds convenience, while smart home wiring, sound system capabilities, and energy-efficient construction enhance modern living.
The versatile media room can easily serve as a movie theater, home gym, podcast studio, playroom, or creative retreat. A second living area positioned between three secondary bedrooms and two full bathrooms offers flexibility and privacy for guests, children, or multi-generational living. The secluded primary suite provides a peaceful escape with a spa-inspired ensuite bath and spacious walk-in closet.
Step outside to enjoy the backyard and covered patio complete with a gas connection for grilling and outdoor entertaining. Perfect for relaxing evenings and weekend gatherings. A spacious 2-car garage completes this exceptional property.
Located in the peaceful community of Gideon Grove, this home is minutes from grocery stores, shopping, dining, and offers convenient access to I-30 less than 3 miles away. Students attend highly sought-after Rockwall ISD.
This stunning home delivers the lifestyle today's buyers are searching for. Note: Home is Virtually Staged
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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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Price Decreased |
$579,999
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jun 21, 2026 | Price Decreased |
$589,999
↓ $5K
(0.8%) | |
| Price Decreased | |||
| May 29, 2026 | Price Decreased |
$594,999
↓ $5K
(0.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017