$1,695,000
●
Land -
For Sale
2624 Magnolia Circle
Westlake, TX 76262
Studio
0 Bath
$9,323
Est. Monthly
$1,000
HOA / Fees
About This Property
Welcome home to Westlake Ranch, Westlake's newest premiere
community. Build your DREAM Home with SCH HOMES, one of the most
prestigious, experienced and sought-after Luxury Custom Builders in
all of Texas. Westlake Ranch is a brand new, Exclusive subdivision
with only 32 total homes and offers Club living right within your
neighborhood. This unique community features a private Clubhouse
with dedicated, on-site Concierge service, 3 indoor Pickleball
courts, a bar, catering kitchen and function room available to host
your events. Gated for Privacy, this exclusive subdivision enjoys
Secure Entries, shared Green Spaces, a Stocked Fishing Pond and
Walking Paths. Conveniently located with excellent access to Dallas
and Fort Worth, and just a short drive to DFW airport. Enjoy the
best that Westlake and luxury living have to offer! **
Students Can attend Westlake Academy or Open Enrollment to
Southlake Carroll ISD **
Unit Size
-
Days on Market
-
Land Size
0.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$1,000
Year Built
-
Listed By
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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 (NTREIS #21305554)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2026 | Listed by Ebby Halliday, REALTORS | $1,695,000 | |
| Listed by Ebby Halliday, REALTORS | |||
| Jul 10, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| Mar 5, 2025 | Listed by Ebby Halliday, REALTORS | $1,395,000 | |
| Listed by Ebby Halliday, REALTORS | |||
| | |||
|
Welcome home to Westlake Ranch, Westlake's newest premiere community. Build your DREAM Home with SCH HOMES, one of the most prestigious, experienced and sought-after builders in all of Texas. Westlake Ranch is a brand new, luxury subdivision with only 32 total homes and offers Club living right within your neighborhood. This exclusive community features a private Clubhouse with dedicated, on-site concierge service, 3 indoor Pickleball courts, a bar, catering kitchen and function rooms available to host your events. Gated for privacy, this exclusive subdivision enjoys secure entries, shared green spaces, a stocked fishing pond and walking trails. Conveniently located with excellent access to Dallas and Fort Worth, and just a short drive to DFW airport. Enjoy the best that Westlake and luxury living have to offer!
| |||
| Feb 26, 2025 | No longer available | - | |
| No longer available | |||
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Property Highlights
Doorman
Exterior Details
Waterfront Features: Lake Front - Common Area
Lot Features: Cleared, Adjacent to Greenbelt, Subdivision, Water/Lake View
Lot Size Area: 23311
Lot Size Units: Square Feet
Lot Size Acres: 0.5351
Lot Size Square Feet: 23311
Tax Lot: 1
Location Details
HOA/Condo/Coop Fee Includes: Security, Full Use of Facilities, Management Fees
HOA Fee: $12,000
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Vaquero
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Listed by: Kelly Marcontell, Ebby Halliday, REALTORS
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 21305554
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 21305554
Details provided by NTREIS and may not match the public record
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