226 Palisade Loop
About This Property
The main level features an open-concept living and dining area anchored by a beautiful Austin stone wood-burning fireplace. The remodeled kitchen showcases picture windows framing open-water views, shaker cabinetry, an expansive island with seating, and a pantry with pull-out drawers for functional storage. The primary suite is on the main floor with an ensuite bath, while a half bath and full-size utility room-with space for an additional refrigerator-support everyday living or extended lake stays.
Upstairs, approximately 690 square feet of game room space opens to a lakeside balcony, creating a second living area ideal for entertaining, complete with a built-in wet bar, mounted TV, space for game tables and dining, multiple seating areas, and a daybed. Two additional bedrooms and a recently remodeled full bath with a large walk-in shower complete the upper level.
The detached guest quarters above the one-car garage with 400 square foot that includes a private living area, full kitchen, bedroom, bath, and deck-ideal for extended stays or multigenerational living. The garage offers a workbench and additional storage.
Outdoor features include a fully fenced yard shaded by a mature live oak and a two-level boathouse (less than five years old) with lift and upper party deck. Covered porches and lakeside sitting areas maximize the view and prevailing southern breeze.
Located in Gun Barrel City-the "hub" of Cedar Creek Lake-this home is minutes from shopping, dining, and entertainment. Short-term rentals are permitted, offering strong potential for personal use or investment.
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 28, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by Ebby Halliday Realtors | $749,000 | |
| Listed by Ebby Halliday Realtors | |||
| Feb 11, 2026 | No longer available | - | |
| No longer available | |||
| Sep 15, 2025 | Price Decreased |
$769,000
↓ $31K
(3.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017