40
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205 River RD
About This Property
A private circle drive welcomes you to the main house, featuring a classic log cabin exterior and an inviting covered front porch. Inside, the thoroughly upgraded interior boasts an open floor plan bathed in natural light from massive windows, highlighted by striking vaulted knotty pine beam ceilings in the dining, kitchen and main level bedrooms. The modernized kitchen is designed for gathering, featuring a stunning waterfall countertop and a center island breakfast bar that opens seamlessly to a spacious sunroom with a dedicated laundry area at the far end. The main level includes two comfortable bedrooms sharing a full bath, plus a convenient half bath for guests.
Upstairs, a versatile sitting area opens to a private balcony and leads to two additional bedrooms and a full bath with dual vanities and an extended walk-in shower. A bonus upper-level loft, reached via the second floor, offers dramatic, elevated views of the surrounding natural landscape.
Adding incredible value is a separate, fully equipped 750-square-foot one-bedroom studio log cabin complete with a full bath, knotty pine vaulted ceilings, full kitchen, and a stone accent wall with an eating counter-perfect for guests, multi-generational living, or an income-producing rental. Complete with extensive infrastructure updates, including 3 HVAC units across the property, a new water heater, refreshed plumbing, stylish new flooring, fresh interior paint, and modernized bathrooms, this turn-key property is ready for you to sit back and enjoy the ultimate in serene waterfront 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 |
|---|---|---|---|
| Sep 16, 2026 | Listed by Watters International Realty | $849,000 | |
| Listed by Watters International Realty | |||
| Jul 2, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 15, 2025 | Listed by Riverway Properties | $1,069,836 | |
| Listed by Riverway Properties | |||
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This stunning Emory Floor Plan Home is from our brand new Feathergrass exclusive Lone Star Series. This massive One-Story 3,658 sf home sits on a scenic One-Acre Lot in the tranquil and beautiful north Georgetown. Offering ample space with 4 Bedrooms, 4.5 Bathrooms, and a spacious 3-Car Garage. Highlights of this gorgeous home include a Covered Patio for indoor-outdoor living, an Electric Fireplace in the Open Grand Family Room, a Gourmet Chef's Kitchen with a large Center Island, Morning Kitchen, and attached Breakfast Room, a Dining area, a Private Study perfect for at-home work, a Media Room for extra entertainment, Laundry Room with Built-in Cabinets, and a luxurious Primary Bedroom with an Upgraded Spa-inspired Primary Bathroom featuring his and hers Walk-in Closets, and a designer Free-Standing Soaking tub. Experience luxury living at its finest with the Emory floor plan on an expansive one-acre homesite in the beautiful Brand New Luxury Acreage Community of Feathergrass in Georgetown, TX. Feathergrass is located just minutes North of the community of Parmer Ranch and Highland Village, and minutes from a brand new HEB coming this summer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017