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3106 Cornell Avenue
About This Property
The main level features a gracious formal living room and formal dining room, and ensuite guest bedroom. The chef's kitchen serves as the centerpiece of the home, appointed with striking quartzite countertops, premium Sub-Zero and Wolf appliances, and an expansive walk-in pantry complete with a built-in warming drawer and microwave. White oak flooring and Visual Comfort lighting create a refined, cohesive aesthetic throughout the residence.
Upstairs, the spacious primary suite is joined by two additional ensuite bedrooms, a flexible loft space, and an oversized laundry room. The third floor provides an additional flex space with a walk-in closet and full bath, offering the versatility to function as a fifth bedroom, game room, fitness space, or private guest retreat.
Zoned to Armstrong Elementary and ideally located within walking distance of the Katy Trail and the shops, dining, and amenities of the Knox Henderson district, this exceptional residence offers a rare combination of new construction, sophisticated design, and an enviable Highland Park lifestyle.
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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 23, 2026 | Listed by Compass RE Texas, LLC. | $5,649,000 | |
| Listed by Compass RE Texas, LLC. | |||
| Apr 15, 2022 | Sold | ||
| Sold | |||
| Feb 22, 2022 | Listed by Allie Beth Allman & Assoc. | $1,500,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
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Hard to find great building site in Highland Park in walking distance to desirable Armstrong Elementary school and SMU! A treed interior lot to build your dream home... hurry- this won't last long!
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About Highland Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017