223 Enchanted Drive
About This Property
Welcome to a serene, park like haven on a nearly half acre lot near the shores of Cedar Creek Lake! Nestled in the highly coveted community of Enchanted Oaks, this ranch-style home sits on a double, corner lot and offers a perfect blend of rustic charm and modern updates. With limited lake views from the front yard and surrounded by towering trees, this property is ideal as a full time residence, weekend retreat, or a fantastic short-term rental opportunity. Step inside the spacious living room featuring vaulted cedar beamed ceilings, beautiful stone fireplace, built-ins, and an open layout, flowing effortlessly into the kitchen and breakfast area. Gorgeous hardwood floors throughout the main living areas, with plush carpet in the bedrooms and tile in the bathrooms and laundry room for practical comfort. The recently renovated kitchen is a dream for any home chef, complete with custom cabinetry, stainless appliances, exquisite quartz countertops, a stylish farmhouse sink, and decorative lighting. A breakfast bar connects the kitchen to the living space, creating a perfect setting for casual gatherings or entertaining. The primary suite is a true sanctuary with its own cedar beamed cathedral ceiling, a skylit ensuite bathroom featuring dual vanities, a walkin shower, and a custom designed closet. A split floor plan offers privacy, with two generously sized guest bedrooms, each with built-ins. Step outside to enjoy multiple outdoor living areas, including covered and open patios, a large storage facility, and a sprawling backyard with endless possibilities for gardening, entertaining, or expansion. Ideally located just minutes from lake access, restaurants, shopping, and the vibrant wineries of Henderson County, and only an hour southeast of Dallas, this property offers a peaceful lifestyle with modern convenience. EXQUISITE!
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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 8, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Apr 17, 2025 | Listed by Paragon, REALTORS | $355,000 | |
| Listed by Paragon, REALTORS | |||
| Oct 25, 2023 | No longer available | - | |
| No longer available | |||
| Jul 29, 2023 | Listed by DALLAS CITY CENTER REALTORS | $365,000 | |
| Listed by DALLAS CITY CENTER REALTORS | |||
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Be whisked away to your own park like setting across the street from the lake with some nice views in the highly sought after neighborhood of Enchanted Oaks. This picturesque property sits on two lots with towering trees & a tranquil yard. The spacious living room boasts cathedral ceilings, a stone fireplace, & built ins. The large living room is open to the formal dining room, kitchen, breakfast nook, & has access to the covered deck out back. Throughout the main area of the home you have beautiful hardwood floors with carpet in the bedrooms & tile in the bathrooms & laundry room. The manager has listed the unit size as 1697 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017