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216 Reata Ridge LOOP
About This Property
This expansive home features 5 spacious bedrooms and 5 beautifully appointed bathrooms, offering both comfort and functionality. The main floor includes two bedrooms with full baths, a half bath, a private office, a formal dining area, and a wall of stacked glass doors that seamlessly connect the indoor living space to the covered patio and backyard.
The gourmet kitchen is a showstopper, with sleek quartz countertops, premium LVP flooring, richly toned cabinetry, and high-end finishes throughout. The open-concept design, enhanced by soaring ceilings, creates a bright and airy ambiance throughout the main living areas.
Retreat to the luxurious primary suite, complete with a spa-like bathroom, an oversized custom walk-in closet, and convenient direct access to the laundry/utility room-making daily routines effortless. Upstairs, you'll find a spacious loft ideal as a second living area or playroom, three additional bedrooms and 2 bathrooms, a media room perfect for movie nights, and a covered balcony offering tranquil views of the community and a huge oversized backyard.
This location offers the ultimate in convenience, with in-community schools just a short walk away and quick access to top-tier amenities all featuring pools, parks, and recreational facilities. Additional upgrades include a Tesla wall charger and a whole-home water softener, adding modern comfort to this already impressive home.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$799,990
↓ $15K
(1.8%) | |
| Price Decreased | |||
| Sep 5, 2025 | Price Decreased |
$814,990
↓ $25K
(3%) | |
| Price Decreased | |||
| Aug 7, 2025 | Price Decreased |
$839,990
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Jun 19, 2025 | Price Decreased |
$849,990
↓ $25K
(2.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017