Enjoy exceptional golf course living on sought-after Blue Ground,
one of Horseshoe Bay West's most desirable streets, known for
mature trees, beautiful homes, and convenient access in and out of
the neighborhood. Set along the 13th fairway of Ram Rock Golf
Course, this inviting home enjoys 121 feet of golf course frontage,
a large greenbelt for exceptional privacy, and expansive
long-distance golf course views. Generous living and dining areas
feature high ceilings, a stone fireplace, and expansive windows
showcasing the golf course setting. The island kitchen offers
granite counters, abundant cabinetry, Viking appliances, and an
adjoining bar/butler's pantry with additional storage and serving
space. A light-filled arched alcove provides flexible space for a
conversation area or home office. The spacious primary suite
features a beautifully renovated bath with dual vanities,
freestanding soaking tub, oversized walk-in shower and fireplace.
Both guest bedrooms feature private baths for added comfort and
privacy. A light-filled sunroom offers flexible space for exercise,
hobbies, or relaxing while enjoying the views. Additional features
include an oversized garage, tile roof, and 2024 Carrier Infinity
HVAC. Outdoor living takes full advantage of the setting with an
expansive covered patio offering multiple seating and dining areas,
a bar and adjoining courtyard. Mature trees and established
landscaping complement the greenbelt and sweeping fairway views,
creating a surprisingly private golf course setting.
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.
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