40
Map
2005 FAR GALLANT DR
About This Property
The beautifully updated kitchen is a chef's dream with stunning gold accents, built-in features, and professional Wolf appliances. It flows into a casual living space with a fireplace and panoramic views, perfect for everyday living and entertaining. Adjacent to the kitchen and living area is a dedicated wine room for showcasing your collection. A dedicated office area next to the primary suite provides a quiet workspace, while a large flex-space currently used as a gym offers versatility for a game room or additional office. An upper-level game room with a wet bar and stairs to a bonus room on the third floor adds to the home's entertainment options.
The outdoor space is designed for relaxation and entertainment, featuring a heated pool, spa, multiple levels of patios, and hill country views. Beautiful natural light floods the home through every window, highlighting high ceilings and expansive vistas. The third level offers a study nook, also perfect for yoga/meditation, with unobstructed views of the hill country-- providing tranquility and inspiration. The Diamond of Davenport offers a lifestyle of unparalleled luxury, breathtaking views, and sophisticated living.
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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%.
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 |
|---|---|---|---|
| Jan 10, 2026 | In contract | - | |
| In contract | |||
| Nov 8, 2025 | Price Decreased |
$4,250,000
↓ $245K
(5.5%) | |
| Price Decreased | |||
| Jul 1, 2025 | No longer available | - | |
| No longer available | |||
| Jul 1, 2025 | Listed by Christie's Int'l Real Estate | $4,495,000 | |
| Listed by Christie's Int'l Real Estate | |||
| |||
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The Diamond of Davenport, an exquisite blend of luxury and natural beauty in the Davenport Rim neighborhood of Westlake. This completely renovated estate features 5 spacious bedrooms, 4 full bathrooms, and 2 half bathrooms. The grand two-floor entry with a breathtaking curved stairway leads to a formal living area with a floor-to-ceiling Venetian plastered fireplace-- opening directly to the outdoor entertainment area. The private primary bedroom is a serene retreat with a cozy seating area and private patio entrance. Its luxurious bathroom boasts a grand garden tub, separate shower, dual vanities with exquisite finishes, and a spacious walk-in closet.
The beautifully updated kitchen is a chef's dream with stunning gold accents, built-in features, and professional Wolf appliances. It flows into a casual living space with a fireplace and panoramic views, perfect for everyday living and entertaining. Adjacent to the kitchen and living area is a dedicated wine room for showcasing your collection. A dedicated office area next to the primary suite provides a quiet workspace, while a large flex-space currently used as a gym offers versatility for a game room or additional office. An upper-level game room with a wet bar and stairs to a bonus room on the third floor adds to the home's entertainment options.
The outdoor space is designed for relaxation and entertainment, featuring a heated pool, spa, multiple levels of patios, and hill country views. Beautiful natural light floods the home through every window, highlighting high ceilings and expansive vistas. The third level offers a study nook, also perfect for yoga/meditation, with unobstructed views of the hill country-- providing tranquility and inspiration.
| |||
| Apr 18, 2025 | Price Decreased |
$4,495,000
↓ $155K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017