404 Lakeway Drive
About This Property
Spanning 8,346 square feet, this home is designed for effortless living and grand entertaining. The open-concept floor plan features 5 bedrooms, 7 bathrooms, and flexible living spaces filled with natural light. Recent updates include a new roof, fresh sod, and updated paint inside and out, making it move-in ready. The chef's kitchen boasts Wolf, Sub-Zero, and Miele appliances, a large butler's pantry, and a generous bar, seamlessly flowing into the family room and breakfast nook.
The primary suite is a luxurious retreat, featuring soaring ceilings, a freestanding tub, his-and-hers water closets, and an expansive walk-in closet. The private multi-generational suite on the main level offers a separate entrance, kitchenette, living area, and en-suite bath with oversized walk in shower-ideal for extended family or guests. Upstairs, discover three en-suite bedrooms, a versatile living area, gym, and a hidden kids' study nook.
Step outside to your resort-style oasis, complete with a pool, spa, putting green, fire pit, and a fully equipped outdoor kitchen. The meticulously landscaped 0.75-acre property also features climate-controlled garages that accommodate 5 cars, with the option to add additional living space above. A pet kennel with an attached dog run and smart home technology allow you to control lighting, security, music, and the pool right from your phone.
This remarkable property combines elegance, privacy, and modern convenience in Allen's most prestigious neighborhood-the ultimate blend of indoor and outdoor living.
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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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 21, 2025 | Listed by Compass RE Texas, LLC | $5,300,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jan 23, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Dec 7, 2024 | Price Decreased |
$5,500,000
↓ $200K
(3.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017