38
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4971 Hawk Road
About This Property
Designed for entertaining, the nearly 5,000 sq. ft. home offers 6 bedrooms, 6 full baths, and 1 half bath with an open concept layout that comfortably accommodates large families, corporate retreats, or vacation guests. The chef's kitchen showcases commercial grade appliances, an oversized island, granite countertops, abundant seating, and flows seamlessly into expansive living and dining areas overlooking the water.
Upstairs is an entertainer's dream featuring an enormous game room complete with a full wet bar, pool table, shuffleboard, surround sound wiring, and a massive covered balcony with panoramic lake views. Spacious bedrooms, multiple ensuite baths, smart home technology, luxury vinyl plank flooring, and premium finishes provide comfort for every guest.
Outside, enjoy covered patios, outdoor grilling area, fire pit, oversized parking, and direct access to one of Texas premier recreational lakes. Site plan includes location for lakeside swimming pool. So whether you're creating lifelong family memories or building a high performing vacation rental portfolio, this turnkey property delivers both luxury and income potential in one of Possum Kingdom's premier waterfront locations.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Listed by Possum Kingdom Real Estate | $2,599,999 | |
| Listed by Possum Kingdom Real Estate | |||
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$2,950,000
↓ $375K
(11.3%) | |
| Price Decreased | |||
| Jul 3, 2025 | Price Decreased |
$3,325,000
↓ $175K
(5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017