4802 Shadow Grass Drive
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 | Sold | ||
| Sold | |||
| Mar 22, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by Nexus One Properties | $877,000 | |
| Listed by Nexus One Properties | |||
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This is a beautiful custom single-story estate on 1.38 acres in the highly sought-after Katy Lake Estates. Tucked away on a quiet cul-de-sac, this exceptional property offers 4 bedrooms, 3.5 bathrooms, a spacious game room, and an oversized 3-car garage, plus a private casita—perfect for guests, extended family, or a home office.
Inside, you’ll find rich wood and tile flooring, elegant plantation shutters, and a fully remodeled kitchen designed for both everyday living and entertaining. Major upgrades include two HVAC systems, whole-house vacuum, water softener and filtration system, Tech Shield radiant barrier, and a brand-new roof with solar panels (2024) for outstanding energy efficiency. Step outside to your private backyard retreat featuring a sparkling pool with wireless controls, surrounded by peaceful acreage.
A rare combination of space, luxury, and modern efficiency—all just minutes from top-rated Katy schools, shopping, dining, and major commuter routes.
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| Dec 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 5, 2025 | Price Decreased |
$980,000
↓ $120K
(10.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017