229 Colt Drive
About This Property
This beautifully updated home offers 3 bedrooms, 2 bathrooms, and 2,145 square feet of living space on a rare corner lot, two lots combined for a total of 0.82 acres, with a spacious detached garage or shop.
At the heart of the home is the newly remodeled kitchen, featuring sleek quartz countertops, a central island, new cabinetry, stylish backsplash, modern fixtures, and updated appliances. The main living area showcases a warm wood-burning fireplace, perfect for cozy evenings. A secondary living space offers flexibility as a game room, media room, or private office retreat. The primary suite is located on the main floor with a beautifully updated en-suite bath. Upstairs, you'll find two additional bedrooms, a full bathroom, and a versatile loft space that is ideal for a second living area, study, or creative workspace.
Step outside to your private outdoor oasis. Thoughtfully landscaped with natural rock features and mature trees, the backyard includes a covered patio, walking paths, a fire pit area, and plenty of space to relax or entertain. The oversized 36x24 detached two-car garage provides ample room for vehicles, tools, or hobbies.
As a resident of Lake Kiowa, you'll enjoy exclusive amenities such as free golf on the private 18 hole championship course designed by Leon Howard, access to a 653 acre private lake for boating and fishing, and a vibrant, gated community with parks, events, and more.
Don't miss this unique opportunity to enjoy the perfect blend of comfort, style, and community at 229 Colt Drive. Schedule your private tour today and discover the lifestyle that awaits.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 24, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Relisted | $479,900 | |
| Relisted | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$479,900
↓ $19K
(3.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017