493 Chimney Cove DR
About This Property
The open-concept layout captures stunning Hill Country views through expansive windows. The spacious living area features a custom granite-tile fireplace with a hearth and mahogany mantel, flowing seamlessly into the island kitchen. Kitchen offers stainless steel appliances, granite countertops, decorative tile backsplash, custom-built cabinetry, a built-in desk, and a breakfast bar. Granite tile flooring runs throughout the home except one bedroom.
The owners' retreat includes patio access and an ensuite bath with dual vanities, a jetted tub, separate shower, and custom cabinetry. Three additional bedrooms share a full bath. The home is equipped with two independent central air systems, two independent propane heating systems, and two tankless water heaters for enhanced efficiency and year-round comfort.
The covered back patio is ideal for relaxing or entertaining, complete with three ceiling fans, TV hookup, propane connection, and two New Orleans gas lanterns. A paved driveway leads to an outbuilding and continues to the lake, where a concrete ramp provides access to the private boat dock.
Additional features include outdoor street-lamp-style lighting, RV outlet access, and two water systems: a 30,000+/- gallon rainwater collection system with filtration and UV sanitation, plus a lake water system with pump, 2,500+/- gallon holding tank, filtration, and ozone sanitation.
The covered dock includes a lift and storage closet with refrigerator and microwave. A rare blend of privacy, function, and lakefront living.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 27, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Price Decreased |
$949,900
↓ $50K
(5%) | |
| Price Decreased | |||
| Mar 26, 2026 | Listed by Watters International Realty | $999,990 | |
| Listed by Watters International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017