501 Private Road 5980
About This Property
Positioned on the 18th tee box, the property enjoys picturesque views of the tee, pond, and fountain, creating a peaceful yet vibrant golf course setting. The sprinkler system draws water directly from the pond, offering significant savings on summer water bills.
The home features a timeless Hill Country exterior with rock, stucco, and board and batten accents. Inside, you'll find high ceilings, large timber beams in the living area, an open-concept layout, granite countertops, walk-in closets, and quality finishes throughout.
A breezeway connects the home to a spacious three-car garage, which includes an upstairs area that could be finished out for additional living space, guest quarters, or a game room.
Just a short distance to the clubhouse, residents enjoy access to golf, dining, and a variety of clubs and social activities. This is a rare opportunity to own a premier golf course property in one of Texas' most sought-after lake communities.
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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 27, 2026 | Sold | ||
| Sold | |||
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Price Decreased |
$620,000
↓ $29K
(4.5%) | |
| Price Decreased | |||
| Mar 24, 2026 | Relisted | $649,000 | |
| Relisted | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017