49
Map
Video Tour
231 Ridge Cove Lane
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 26, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 25, 2026 | Listed by Compass RE Texas, LLC - The Woodlands | $1,250,000 | |
| Listed by Compass RE Texas, LLC - The Woodlands | |||
| Jun 1, 2026 | Listed by Compass RE Texas, LLC - The Woodlands | $1,695,000 | |
| Listed by Compass RE Texas, LLC - The Woodlands | |||
| |||
|
Nestled on 4.9 waterfront acres in The Reserves of Cape Royale, this lakefront retreat offers privacy, space and beautiful views of Lake Livingston. A winding driveway leads to the home creating a picturesque arrival. Tastefully updated with a modern farmhouse aesthetic, the home is move-in ready and offered fully furnished allowing you to start enjoying lake life from day one. The elevated, open-concept living area showcases cathedral ceilings with exposed wood beams and a wall of oversized windows framing lake views and filling the space with natural light. On the main floor is the primary suite featuring a stunning ensuite with walk-in closet plus two guest bedrooms. Downstairs includes a game room, bunk room and full bath, allowing the home to comfortably sleep 12 or more. An oversized garage with overhead doors on both sides provides ample storage for vehicles, golf carts and lake gear. A rare offering in The Reserves, ready for your next chapter at the lake!
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017