50
Map
$585,000 Last Listed Price
●
House -
Off Market
24602 Bridgewater Drive
Magnolia, TX 77355
3 Beds
2 Baths,
1
Half Bath
1,836 Ft²
$3,470
Est. Monthly
$26
HOA / Fees
2.72%
Cap Rate
About This Property
Town and country living at its best! Experience resort-style living
in this charming single-story home, set on spacious 1.5-acres in a
sought-after rural community. The pool, designed by Backyard Oasis,
features an expansive flagstone patio, and an outdoor chef's
kitchen with a raised bar, perfect for entertaining. Open-concept
living space with soaring ceilings and large windows showcasing the
private tropical oasis outback. Painted in 2022, with custom
shutters in the dining, living, and breakfast areas, plus designer
drapes. The kitchen offers ample cabinetry, stainless steel
appliances, and a raised bar. Guest bath was designed by one of
Houston finest Design teams in 2023 to compliment the coastal
vibes. The primary suite boasts pool views, a walk-in closet, and a
sitting area. Generac generator provides added peace of mind and
the property also includes a driveway and pad ready for a barn or
any structure the new owner desires. Horses welcome!!
Unit Size
1,836 Ft²
Days on Market
-
Land Size
1.55 acres
Price per sqft
$319
Property Type
House
Property Taxes
$572
HOA Dues
$26
Year Built
2004
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (HAR #74175841)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2025 | Sold | ||
| Sold | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed by Brookside Realty, LLC | $585,000 | |
| Listed by Brookside Realty, LLC | |||
| Sep 16, 2020 | Sold | ||
| Sold | |||
| Jul 29, 2020 | Listed by Berkshire Hathaway HomeService | $389,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
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Welcome to your own Backyard Oasis! Resort style pool, sprawling flagstone patio w/outdoor well appointed outdoor chef's dream kitchen w/raised bar! This lovely one story home is nestled in among the trees on this 1.5 acre wooded and fenced property in highly sought after rural community. Bring your horse! Entering the beautiful Mahogany front door you see tall ceilings leads you to an open concept living room with windows looking straight outdoors to the pool. You will find custom shutters in the formal dining room, living room, and breakfast area. The kitchen has loads of cabinetry, stainless steel appliances, and raised bar, open to the living room. The primary bedroom has pool views, walk in closet, and separate sitting area w/closet. Ensuite bath has granite double vanity, soaking tub, and separate shower. Two additional bedrooms are in front of the home with a full bath and a half bath w/ granite counters for guests. Come live this lifestyle.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Clear Creek Forest
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Listed by: Mike Haman, Brookside Realty, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 74175841
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Last Updated: 5 months ago
Data Source: HAR , MLS# 74175841
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