259 Chimney Cove DR
About This Property
Designed for entertaining and everyday comfort, the home features soaring ceilings, cove lighting, whole-home sound system, three indoor gas fireplaces, stained glass bathroom windows, plantation shutters, and walls of windows capturing breathtaking lake views. The gourmet kitchen is equipped with a Wolf 48" dual fuel range, SubZero refrigerator, beverage cooler, ice maker, walk-in pantry, butler's pantry, and abundant pull-out storage throughout. Dedicated study offers optional 4th bedroom potential with adjoining office space suitable for future closet conversion.
The luxurious primary suite offers spa-like amenities, private outdoor spa access, and an exceptional ensuite retreat overlooking the water. Outdoor living is equally impressive with electric sunshades, outdoor kitchen, wood-burning fireplace, and resort-style entertaining spaces designed to embrace the lakefront setting.
Built with remarkable attention to safety and efficiency, the property includes stone construction, spray foam insulation, fire suppression systems, lightning rods, LED lighting, 4 tankless water heaters, and new metal roofs installed in 2024. Garages accommodate five vehicles including EV charging capability, plus a 44' x 40' barn with drive-through access and RV hookups.
Extensive water infrastructure includes lake water and rainwater purification systems with over 37,000 gallons of storage, ozone purification, hydro-lift dock, wave runner lift, Trex decking, and stainless-steel anchor system designed to adjust with lake levels. Private, gated, and meticulously crafted for elevated Texas lakefront living just minutes from Marble Falls.
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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 16, 2026 | In contract | - | |
| In contract | |||
| Jun 9, 2026 | Listed by eXp Realty, LLC | $2,475,000 | |
| Listed by eXp Realty, LLC | |||
| May 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 30, 2026 | Price Decreased |
$2,499,000
↓ $150K
(5.7%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Decreased |
$2,649,000
↓ $51K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017