2289 Normandy Grace
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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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Listed by RE/MAX GO - NB | $589,000 | |
| Listed by RE/MAX GO - NB | |||
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This stunning Southbank home in New Braunfels, Texas blends thoughtful design, luxury finishes, and exceptional indoor-outdoor living. The open-concept layout is filled with natural light and features plantation shutters, a whole-home in-ceiling speaker system, and a central vacuum system. The chef's kitchen is the heart of the home, offering a large island, built-in KitchenAid microwave, warming drawer, oven, glass cooktop with retractable vent, instant hot water tap, and a walk-in pantry with custom cabinetry. The living room showcases a double tray ceiling with crown molding and peaceful views of the in-ground pool. The spacious primary suite is located downstairs and features a sitting area, spa-inspired bath with double sinks, makeup vanity, garden tub, rain shower head, and a walk-in closet. Additional downstairs highlights include a private office with custom built-ins, Jack-and-Jill bedrooms with oversized walk-in closets and private sinks, a formal dining room, half bath, linen closet, and a well-appointed laundry room with deep sink and custom cabinetry. Upstairs offers flexible living space with an office featuring scenic views, a boutique-style bar with built-in sink, a large game room or second primary-style suite, an additional bedroom with tub/shower combo, and walk-in attic storage. The home is plumbed for a water softener and designed for comfort and convenience throughout. Outdoor living is a true retreat with a covered back patio perfect for entertaining, an in-ground pool, full privacy provided by a custom rock wall, front and back irrigation, and beautifully maintained Texas native landscaping. A side-entry oversized two-car garage with epoxy flooring and a circle drive provide ample parking, curb appeal, and Security with complete Landscape Lighting! This home offers the perfect balance of elegance, functionality, and Texas-style living!
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| Aug 2, 2025 | No longer available | - | |
| No longer available | |||
| Jun 12, 2025 | Price Decreased |
$719,999
↓ $5K
(0.7%) | |
| Price Decreased | |||
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About New Braunfels
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017