$530,000 Last Listed Price
●
House -
Off Market
308 Edgewater Way
Point Blank, TX 77364
4 Beds
3 Baths
2,462 Ft²
$590,988
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
This beautiful tri-level waterfront home is very spacious and
offers many options for gathering, sleeping, playing and relaxing.
A slightly inclined walkway takes you to the entrance where you'll
enter the home on the main floor offering a generous living/dining
area, kitchen, full bath and extra seating area. French doors
lead to a large covered deck where you can enjoy the wide open
water views. You can see all the way to Pine Island from this deck!
Upstairs, you'll find 2 bedrooms and a full bath. Downstairs,
offers 2 bedrooms (one is the Primary), a full bath and the
laundry/storage room. There is also an open area downstairs that
could be a TV/game area. The Primary bedroom has a walk-out to the
lower covered porch area. The huge boathouse features an oversized
boat lift and two separate jet ski lifts. The boat house has a
large fishing deck and a storage area that houses the recently
replaced dual pump system for pulling water from the lake for the
yard sprinklers.
Unit Size
2,462 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$215
Property Type
House
Property Taxes
$496
HOA Dues
$8
Year Built
1987
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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: 4 months ago (HAR #9778111)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2025 | Sold | ||
| Sold | |||
| Apr 26, 2025 | In contract | - | |
| In contract | |||
| Mar 19, 2025 | Price Decreased |
$590,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Feb 19, 2025 | Listed by RE/MAX 5 Star Realty | $600,000 | |
| Listed by RE/MAX 5 Star Realty | |||
   | |||
|
The million dollar view does exist. This lakehouse will blow you away panoramic views in a quiet location. Close proximity to the fun Pine Island. All furniture & decor are negotiable! Move in & start enjoying this home ASAP. 3 levels with all the space used well. Amazing floorplan perfect for entertaining & gathering. Large lot size, long driveway, lots of parking available. As currently furnished sleeps 14. Has previously been an Airbnb, & short terms rentals are allowed. New roof installed Feb 2025. Perfectly decorated and furnished. Previous boathouse still partly there, removal negotiable. 2 large covered patios & one balcony all offering amazing views of the lake. Large kitchen w/island & plenty of pantry space. Come live lake life here, enjoy smores by the fire, jumping in the lake, birding watching, & all the pleasures of the lake. Close proximity to the community boat drop & club house , clubhouse also has a fishing pier for residents. Views like this are hard to find.
| |||
| Nov 16, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Point Blank
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Listed by: Vickie Brewster, Hands-On Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 9778111
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Last Updated: 4 months ago
Data Source: HAR , MLS# 9778111
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