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2204 Canonero DR
About This Property
The dramatic entry features a sweeping staircase and abundant windows that fill the home with natural light, creating an immediate and inviting first impression. An open floor plan unfolds gradually, revealing a series of well-designed spaces: a cozy covered porch overlooking the spa, expansive Hill Country views, a nearly nightclub-sized bar and game room, a theater room with sunken seating, a study, a guest room, and more.
The main level also includes a wonderful kitchen, living room, and dining area that works equally well for everyday living and entertaining. Upstairs, the home offers an enormous primary suite with a large walk-in closet, covered terrace, and a luxurious dressing area. A separate sleeping wing includes three additional bedroom suites and an oversized game room, providing privacy and flexibility.
Above the three-car garage is a private one-bedroom, one-bath apartment with its own living room and kitchen, ideal for guests or extended stays.
The home sits on approximately 2.6 acres, offering exceptional space and flexibility for future customization in accordance with HOA guidelines.
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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 |
|---|---|---|---|
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| Apr 25, 2026 | Relisted | $4,495,000 | |
| Relisted | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Price Decreased |
$4,495,000
↓ $500K
(10%) | |
| Price Decreased | |||
| Feb 2, 2026 | Price Decreased |
$4,995,000
↓ $405K
(7.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017