4700 Monte Carmelo Place
About This Property
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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 28, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by Austin Loop 1 Realty, LLC | $3,050,000 | |
| Listed by Austin Loop 1 Realty, LLC | |||
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4700 Monte Carmelo Place showcases amazing design and top-tier materials throughout. The living room provides a sophisticated sanctuary, where a welcoming fireplace offers comfort and warmth, complemented by the grandeur of a high ceiling adorned with rich beamed detailing. Culinary artistry finds its home in the exquisitely appointed kitchen, featuring a striking backsplash and a generously sized kitchen island, perfect for gathering and preparation. This space is equipped with a high-end range oven, custom hood, and elegant shaker cabinets, all beneath a distinctive wood ceiling. A Large Butler Pantry is also conveniently located behind the kitchen providing an ideal space for a Coffee Bar and Caterer use when entertaining. Retreat to a primary bathroom designed for ultimate relaxation, offering a spacious tiled walk in shower for invigorating starts to the day and a luxurious soaking tub, providing a tranquil escape for unwinding. The property encompasses four secondary bedrooms, each with an ensuite bath, in addition to 2 well-appointed half baths, ensuring comfort and privacy for all. Convenience is paramount with three dedicated garage spaces, and the exterior boasts a welcoming covered porch and patio. A curved driveway offers a grand arrival, while the outdoor living space, complete with a large spa, putting green, & covered outdoor living & dining areas, provides an idyllic setting for leisure and outdoor entertainment overlooking Little Barton Creek. This residence within the gated community of Spanish Oaks offers an opportunity to embrace a lifestyle of sophisticated comfort and serene indulgence. HOA Fee includes Access to community pool & private fish pond. Spanish Oaks Country Club membership is not included in the HOA Fee. Club Membership is available to home owners for additional fees.
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| Jul 10, 2023 | Sold | ||
| Sold | |||
| Mar 27, 2023 | Listed by Keller Williams Realty Austin | $2,660,000 | |
| Listed by Keller Williams Realty Austin | |||
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Recently built and tucked back on a quiet cul de sac with sweeping views from every window this 5 bedroom and 5.5 bath exudes privacy and convenience. Welcoming central gathering area with two offices makes this property a livable work from home set up. The kitchen has a giant island, custom vent hood, butler's pantry and large walk-in pantry. Tucked in the rear of the home access the children's area upstairs with 3 bedrooms, 3 ensuite baths plus a game room and extra storage. The backyard features a large covered outdoor dining and living space, fireplace, putting green and hot tub large enough to offer the refreshment of a pool without the extra maintenance. Extra long 3 car garage convenient for large vehicles with ample parking in the driveway. Amenities include fishing ponds, a resort style community pool with a restaurant and wait staff in the summer, sand volleyball courts, pickleball court and basketball court along with many social gatherings and great sense of community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017