318 Arcadia Way
About This Property
A wall of sliding glass doors opens to a true backyard retreat-complete with a sleek, contemporary pool and hot tub, surrounded by mature, tree-lined views. Professionally landscaped with 3 beautiful 15-foot Magnolia trees, travertine stonework, and a built-in gas grill, this outdoor space also includes a separate fenced area ideal for pets or play. Gemstone permanent outdoor lighting lets you personalize your home's exterior for any holiday, event, or celebration-all year long.
Inside, the layout offers ideal functionality and privacy. The spacious first-floor primary suite features dual walk-in closets and a luxurious ensuite bath. A secondary bedroom on the main level also includes its own ensuite bath, perfect for guests or multigenerational living. Upstairs, you'll find two additional bedrooms and a large game room-perfect for entertainment or a quiet retreat.
Additional highlights include a whole-home water filtration system, generous storage throughout, and a 378 sq. ft. 3-car garage with J-drive and extra parking-ideal for car enthusiasts or hobbyists. 2 hot water heaters replaced 2024, dishwasher replaced 2024. Conveniently located just minutes from downtown Rockwall, with easy access to HWY 66, this home is close to parks, coffee shops, and everyday conveniences. With luxury finishes, a resort-style backyard, and an unbeatable location, this is the one you've been waiting for.
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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%.
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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 |
|---|---|---|---|
| Jul 7, 2025 | Sold | ||
| Sold | |||
| May 28, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by Keller Williams Rockwall | $775,000 | |
| Listed by Keller Williams Rockwall | |||
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About Northshore
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017