Waterfront living at its finest! Experience an everyday staycation
in this custom estate home nestled in the highly desirable,
guard-gated WPL. Designed for an active, luxurious lifestyle, you
can fish, kayak or pedal boat directly from your private dock, then
soak in the serene water views. Inside, the open-concept layout
creates an effortless flow for hosting grand celebrations. The main
level features a handsome study, formals, guest suite, and a lavish
primary suite w/pool and lake views through expansive picture
windows.Gourmet kitchen open to the den and breakfast room looking
out to the lake. Upstairs boasts 3 spacious bedrooms, 2 full baths,
and multiple game rooms for endless entertainment. Beyond your
private oasis, enjoy resort-style community amenities including a
fitness center, clubhouse, tennis, pickleball, basketball, dog
park, playground, and walking trails. All this, just minutes from
I-10, fine dining, shopping, the Energy Corridor and top-rated Katy
ISD schools.
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.
Parking Features: Attached, Oversized, Garage Door Opener, Double-Wide Driveway
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Crown Molding, High Ceilings, Wet Bar, Wired for Sound, Balcony, Formal Entry/Foyer, Prewired for Alarm System, 1 Bedroom Down - Not Primary BR, En-Suite Bath, Primary Bed - 1st Floor, Sitting Area, Walk-In Closet(s)
Appliances: ENERGY STAR Qualified Appliances, Disposal, Ice Maker, Refrigerator, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water, Dryer Included, Washer Included
Flooring Type: Carpet, Tile, Engineered Wood
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Gas, Gas Log
Fireplaces: 2
Exterior Details
Square Footage: 5386
Architectural Style: Mediterranean
Year Built: 1998
Waterfront Features: Lake Front, Concrete Bulkhead, Pier
Building Area Total: 5386
Window Features: Window Coverings, Insulated/Low-E windows
Construction Materials: Stone, Stucco
Patio and Porch Features: Covered, Patio
Pool Features: Gunite, Heated, In Ground, Pool With Hot Tub Attached
Pool is Private
Lot Features: Back Yard, Subdivided, Waterfront, 0 Up To 1/4 Acre
Lot Size Area: 0.2692
Lot Size Units: Acres
Lot Size Acres: 0.2692
Lot Size Square Feet: 11726.352
Water Source: Water District
Financial Details
Tax Annual Amount: $27,115
Utilities Details
Cooling Type: Ceiling Fan(s), Electric, Zoned
Heating Type: Natural Gas, Zoned
Location Details
HOA/Condo/Coop Amenities: Basketball Court, Boat Dock, Boat Slip, Clubhouse, Dog Park, Fitness Center, Park, Picnic Area, Playground, Pool, Tennis Court(s), Trail(s), Controlled Access, Pickleball Court, Pond, Stocked Pond
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