3214 Scenic Valley DR
About This Property
The spacious formal dining room provides an elegant setting for entertaining, while the formal office offers a quiet, professional space. For movie lovers, the dedicated media room is the perfect place to unwind and enjoy a cinematic experience at home.
Expansive windows throughout the home frame breathtaking panoramic views of the surrounding Hill Country, bringing the beauty of nature indoors. Step outside to discover your own personal oasis: a luxurious negative-edge pool that seems to blend seamlessly with the horizon, offering the ultimate in relaxation and tranquility. Whether you're hosting guests or enjoying a quiet moment, this home provides an ideal setting for both grand entertaining and peaceful retreat.
With its combination of sophisticated design, high-end upgrades, and serene outdoor living, this home is a rare gem in one of the most desirable communities in the area.
Please note: Given the age of the pool, there is a potential for Alkali-Silica Reactivity (ASR), although it has not been diagnosed. For more details, please refer to the attached SD report. The listing price has been adjusted to account for this possibility, providing buyers with flexibility to address any future concerns should they arise.
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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 |
|---|---|---|---|
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Price Decreased |
$825,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Nov 11, 2024 | Listed by Kuper Sotheby's Int'l Realty | $850,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017