22711 Water Edge Lane
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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 |
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| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Listed by Martha Turner Sotheby's International Realty | $550,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Beautiful 4-bedroom, 3.1-bath home in sought-after Grand Lakes, zoned to top-rated Katy ISD schools including Beckendorff JH and Seven Lakes HS. This two-story home features a grand entry, formal dining, and a home office with French doors. Spacious living room boasts soaring ceilings, a gaslog fireplace, and views of the backyard pool and pergola. Kitchen outfitted with KitchenAid stainless steel appliances, quartz counters, and modern finishes. Primary suite includes a fully updated bath with jetted tub, separate shower, and vanities. Upstairs game room + three bedrooms. Recent upgrades include a 2023 roof, owned solar panels, enhanced insulation, and a new backyard fence (2024). The gated driveway leads to a detached 2-car garage with epoxy flooring. Home includes a Rachio smart irrigation system. Enjoy Grand Lakes amenities: pools, parks, pickleball, tennis, basketball courts, and walking trails. Minutes from Whole Foods, Life Time Athletic, and LaCenterra. No flooding, per Seller.
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| Sep 25, 2020 | Sold | ||
| Sold | |||
| Jul 24, 2020 | Listed by Coldwell Banker Realty | $435,000 | |
| Listed by Coldwell Banker Realty | |||
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CHECK OUT THE VIRTUAL TOUR~Looking for an idyllic community that still manages to offer modern amenities? Old world character combined with convenient location welcomes Grand Lakes. One of the most well-known and beautiful communities in the Katy area. Welcome Home to 22711 Water Edge Lane. This 4 bed 3.5 bath beauty is missing one thing...you! With upgrades featured throughout, this home delivers! Step inside a chef’s dream with quartz countertops and whip up delightful dinners in the double convection oven. Enjoy hosting friends and family in the inviting living room while listening to laughter from the upstairs gameroom. Step outside to your backyard oasis and light up the grill and splash in the pool. Luxury lies all around you. Surrounded by lush landscaping, Grand Lakes features lakes, putting green, dog park, tennis courts, swimming pools, splash pad, playgrounds, walking trails, and much more. With easy access to great food and shopping, this is one you don't want to miss.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017