187 Waterfront Drive
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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 |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Relisted | $1,350,000 | |
| Relisted | |||
| Mar 24, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by Martha Turner Sotheby's International Realty - The | $1,350,000 | |
| Listed by Martha Turner Sotheby's International Realty - The | |||
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Appreciate this picturesque lakefront original owner property situated on the serene shore of Lake Conroe, in the gated Estates of Walden. This beautiful home boasts stunning views of the glistening lake, framed by a wooded setting on over half an acre. The property itself features 4 bedrooms, 3.5 baths, study, family room with expansive windows allowing for natural light, spacious kitchen with oversized island, a private screened porch for enjoying evening sunsets and a large primary suite downstairs. Upstairs, you will find an abundant game room with private balcony allowing for uninterrupted views of tranquil Lake Conroe, three overly spacious bedrooms. Outside, the infinity pool and adjoining spa, overlooking Lake Conroe, are nestled in the heart of this wooded lot. Enjoy the convenience of the outdoor kitchen, fire pit and tv areas connected with beautiful expanses of travertine decking. When the lake calls, easily access your adjoining covered boat lift and jet ski lift.
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About Walden
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$1,400 /mo
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$2,450 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017