227 High View Trail
About This Property
With 4 bedrooms, 6 full baths and 1 half bath, the home features dramatic architecture, soaring ceilings, expansive windows, statement lighting and an open-concept layout designed around the views. The spacious kitchen includes custom cabinetry, a large center island and an easy connection to the main living and dining areas.
The first floor offers a private primary suite, guest accommodations and a large game or family room. An additional attached guest suite provides its own living area, built-in cabinetry and full bath, offering excellent flexibility for guests, a private office, extended stays or additional living space. Upstairs are two ensuite bedrooms, a sitting area, media room and additional flex space.
The property's scale, setting and architectural foundation provide the opportunity to complete repairs and updates according to your own style rather than paying a premium for someone else's finishes. With more than three acres, panoramic views and over 6,200 square feet of living space, the possibilities are substantial.
Located outside city limits in one of Aledo's premier gated communities, this property offers privacy, space and tremendous potential at a compelling price point. Property is being sold AS IS. Inspection and engineering reports are available upon request.
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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 11, 2026 | Price Decreased |
$1,350,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Jul 27, 2026 | Relisted | $1,400,000 | |
| Relisted | |||
| Jun 22, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$1,400,000
↓ $50K
(3.5%) | |
| Price Decreased | |||
| Apr 15, 2026 | Price Decreased |
$1,450,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017