306 Castlehigh DR
About This Property
Inside, you'll find a thoughtfully designed floor plan that maximizes both comfort and functionality. The spacious living areas are flooded with natural light, creating an inviting atmosphere for gatherings and relaxation. The modern kitchen is a chef's dream, featuring stainless steel appliances and ample counter space for culinary adventures.
Step outside onto the covered deck, where you can savor your morning coffee, entertain friends and family, or simply unwind while taking in the lake view.
This property is not just a dream come true for those seeking a family retreat but also an excellent investment opportunity for short-term rentals. Experience the best of both worlds – a peaceful lakeside escape for you and a profitable income source when you're not utilizing it.
Whether you're looking for a permanent residence, a weekend getaway, or a lucrative rental property, this waterfront home is an absolute must-see.
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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 |
|---|---|---|---|
| Sep 24, 2024 | No longer available | - | |
| No longer available | |||
| Sep 29, 2023 | Listed by eXp Realty LLC | $750,000 | |
| Listed by eXp Realty LLC | |||
| Aug 24, 2022 | No longer available | - | |
| No longer available | |||
| Aug 16, 2022 | In contract | - | |
| In contract | |||
| Aug 13, 2022 | Listed by Fokus Waterfront | $550,000 | |
| Listed by Fokus Waterfront | |||
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Here's the Lake LBJ fixer-upper you've been waiting for! This awesome property includes 5 total lots spreading over .74 acres. The current 2/2 lake house needs some TLC, but can be used right away as-is. Or, tear it down and build your dream house. Lots of space for yard games or just making memories with friends and family. Plenty of storage in the basement for all your water toys. The waterfront lot offers 2 boat slips, 147' of frontage and is just around the corner from some of the best open water on the lake. Not to mention plenty of space in the basement to store your water toys. Short term rentals are allowed, making it a great investment opportunity. If you've been trying to get on the lake for a reasonable price, this is it! You won't find a better deal on Lake LBJ!! The manager has listed the unit size as 1160 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017