201 Stone Forest Drive
About This Property
Just minutes from nearly everything, the Lake Forest neighborhood appeals to those seeking a luxurious retreat but require a short commute to school, work, and local parks. Overlooking Lake Waco and just a short walk from both Woodway's Carleen Bright arboretum and Midway Park, no location offers so much outdoor engagement in one, single location.
Constructed in 2012, but undergoing a comprehensive update and freshening this summer, the 3,961 square foot floor plan offers an immense amount of accommodation while perfectly striking the balance between an open floor plan and one that still provides enough boundaries and separation to feel as if some spots offer a bit of quiet solitude and even privacy. With five bedrooms (or four bedrooms and an office), four bathrooms, a powder room, three living rooms, and two dining areas; literally nothing goes wanting in terms of furniture arrangement or familial needs. --- Upon entrance to the home, the eye is taken across the formal living room and formal dining room to views of the luxurious arched, backyard patios. With the central, formal living room offering a prime spot for entertaining; the home's large gen offset the kitchen plays host to endless possibilities. --- Along the window lined back facade, the cozy breakfast room, den, and formal living room are all bathed in natural light, while the kitchen receives light from the front and back of the home. Here, the recent refresh has yielded the most tangible benefits with high-end appliances, lovely stone, attractive fixtures, and a homey, inviting atmosphere. --- Offsetting this space, on the other side of the home, the large primary suite enjoys dual closets, dual vanities
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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%.
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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.
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 |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Jan 17, 2025 | Listed by The McLeod Company | $1,500,000 | |
| Listed by The McLeod Company | |||
| | |||
|
Perched on its hilltop, corner lot in Woodway’s coveted Lake Forest neighborhood, this distinctive Mediterranean inspired home showcases the best of modern, practical design whilst retaining a subtle flair for the dramatic with its elegant lines and sophisticated palette. --- Just minutes from nearly everything, the Lake Forest neighborhood appeals to those seeking a luxurious retreat but require a short commute to school, work, and local parks. Overlooking Lake Waco and just a short walk from both Woodway’s Carleen Bright arboretum and Midway Park, no location offers so much outdoor engagement in one, single location. --- Constructed in 2012, but undergoing a comprehensive update and freshening this past summer, the 3,961 square foot floor plan offers an immense amount of accommodation while perfectly striking the balance between an open floor plan and one that still provides enough boundaries and separation to feel as if some spots offer a bit of quiet solitude and even privacy.
With five bedrooms (or four bedrooms and an office), four bathrooms, a powder room, three living rooms, and two dining areas; literally nothing goes wanting in terms of furniture arrangement or familial needs. --- Upon entrance to the home, the eye is taken across the formal living room and formal dining room to views of the luxurious arched, backyard patios. With the central, formal living room offering a prime spot for entertaining; the home’s large gen offset the kitchen plays host to endless possibilities. --- Along the window lined back façade, the cozy breakfast room, den, and formal living room are all bathed in natural light, while the kitchen receives light from the front and back of the home. Here, the recent refresh has yielded the most tangible benefits with high-end appliances, lovely stone, attractive fixtures, and a homey, inviting atmosphere. --- Offsetting this space, on the other side of the home, the large primary suite enjoys du
| |||
| Oct 20, 2023 | Listed by The McLeod Company | $1,200,000 | |
| Listed by The McLeod Company | |||
| Jun 16, 2023 | No longer available | - | |
| No longer available | |||
| Jun 3, 2023 | Price Decreased |
$869,900
↓ $30K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017