30
Map
247 Admiral Drive
About This Property
The backyard is fenced and beautifully landscaped with mature trees providing plenty of shade, lush green grass, and a sprinkler system pumped directly from the lake. Seller has also made significant drainage improvements to the property, contributing to the well-maintained grounds and outdoor enjoyment. Additional exterior features include a carport with attached storage and additional parking available at the street.
The property also includes an impressive boathouse featuring with an upgraded lift, automatic boat cover, durable aluminum decking on the party deck, lake stairs for easy water access, personal water craft lift, and excellent deep water! A removable canopy can be installed over the party deck, providing great shade for relaxing and entertaining by the water. Conveniently located close to shopping, restaurants, and all that Gun Barrel City has to offer, this home is the perfect combination of comfort, recreation, and lakeside living. An added bonus located in a voluntary HOA with community park with covered pavilion for events, and children's play scape. HOA does not restrict short-term rentals. Permitting required through Gun Barrel City for Short Term Rentals.
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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.
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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 31, 2026 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by Ebby Halliday Realtors | $699,000 | |
| Listed by Ebby Halliday Realtors | |||
| Mar 9, 2020 | Sold | ||
| Sold | |||
| Sep 10, 2019 | Listed by Compass RE Texas, LLC. | $449,000 | |
| Listed by Compass RE Texas, LLC. | |||
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Beautiful lakefront cottage located on deep open water and boasts 3 bedrooms, 2 bathrooms, newly renovated kitchen with state-of-the-art granite countertops, breakfast bar, and dining room. Spacious living room centered around rock fireplace that extends up to the beamed ceiling providing the space with a rustic feel. Family room encompassed with natural light through full-view windows as it sits right off the exceptional screened in porch that overlooks the deep wide open water, two-story dock with a boat lift, wave-runner lift, trapeze lake swing, and storage closet. Incredible sunset views from the screened in porch, deck and dock. Enjoy deep water boating and other water activities right off the dock.
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About Gun Barrel City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017