39
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38 East Shore Drive
About This Property
This Southern French Colonial masterpiece sits on a prominent 1-acre corner lot. Exquisite architectural craftsmanship includes handcrafted plaster moldings. Soaring 3-story gallery crowned by a stained-glass dome & elegant staircase. Elevator to all 3 floors; 2-story mahogany study w/a library wall & elegant primary suite w/ a marble-clad bath; full home theatre, catering kitchen, & a versatile 3rd-floor flex space. GENERATOR; WHOLE HOME AUTOMATION! Courtyard & private pool, vast porches & oversized windows offer SPECTACULAR SUNSET WATER VIEWS & natural light. A GARAGE APARTMENT (add'l 599 SF) includes a full kitchen & bath, plus CAR LIFTS. This home is one of the finest in The Woodlands.
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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%.
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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.
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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 27, 2026 | Sold | ||
| Sold | |||
| Jan 1, 2026 | In contract | - | |
| In contract | |||
| Oct 14, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 12, 2025 | Listed by Keller Williams Realty The Woodlands | $5,750,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| May 14, 2025 | Listed by Keller Williams Realty The Woodlands | $6,250,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
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EXCLUSIVE LUXURY ESTATES IN THE WOODLANDS! EXTRAORDINARY EAST SHORE LAKEFRONT estate with sweeping views of Lake Woodlands. This Southern French Colonial masterpiece sits on a prominent 1-acre corner lot, surrounded by a custom, solid iron fence. Exquisite architectural craftsmanship includes handcrafted plaster moldings. A dramatic entry leads into a soaring 3-story gallery crowned by a stained-glass dome & elegant staircase. Elevator to all 3 floors; a breathtaking 2-story mahogany study w/a library wall & a luxurious primary suite w/ a marble-clad bath; full home theatre, catering kitchen, & a versatile 3rd-floor flex space. Generator; Whole home automation! Courtyard & private pool add resort-style ambiance, vast porches & oversized windows offer spectacular sunset water views & natural light. A private garage apartment includes a full kitchen & bath, plus car lifts. This luxurious home stands apart from the finest in The Woodlands. Walk to Waterway, Hughes Landing & Market Street.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017