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507 Nob Hill Lane
About This Property
An expansive Trex composite deck with built-in bench seating provides an outstanding setting for morning coffee, lakeside dining, and entertaining against a backdrop of panoramic water views. Extensive improvements include an updated kitchen, new flooring throughout the home, a newly constructed boathouse, fresh exterior paint, a new seawall, and much more.
Inside, the open-concept living, dining, and kitchen areas create an inviting space for gathering, with beautiful lake views. A gated entry, lush landscaping, and a spacious waterfront yard complete this lakeside retreat.
Conveniently located near Causeway Marina in Seven Points, with easy access to Dallas and Cedar Creek Lake's dining, shopping, and recreation. A furniture package is available under a separate contract, making it easy to furnish your lake getaway or rental 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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by TX Lake & Land Real Estate | $1,295,000 | |
| Listed by TX Lake & Land Real Estate | |||
| Jul 14, 2020 | Sold | ||
| Sold | |||
| May 30, 2020 | Listed by McAtee Realty Of Gun Barrel TX | $799,000 | |
| Listed by McAtee Realty Of Gun Barrel TX | |||
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MLS #: 91361. GB-8319. JUST IN TIME FOR JULY 4TH! THIS HOME IS MOVE-IN READY & FULLY FURNISHED DOWN TO THE KNIVES AND FORKS. INCREDIBLE OPEN WATER VIEWS, LOCATED NEAR CAUSEWAY MARINA IN SEVEN POINTS, YOU HAVE THE BEST OF BOTH WORLDS: CLOSE TO DALLAS, MINUTES FROM WHAT CCL OFFERS AND GLORIOUS WATER! YOU WILL BE ASTOUNDED BY THE ENTERTAINING AREAS, INSIDE AND OUT! OVER $100K SPENT ON THE OVERSIZED BACK PORCH, WITH TREX COMPOSITE MATERIALS. WATER VIEWS FROM EVERY ROOM, OPEN CONCEPT LIVING, DINING AND KITCHEN AREAS. GATED ENTRY. LUSCIOUS LANDSCAPING.
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| May 18, 2020 | No longer available | - | |
| No longer available | |||
| Mar 9, 2020 | Listed | $769,000 | |
| Listed | |||
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MLS #: 90682. GB-8319. INCREDIBLE DEEP OPEN WATER VIEWS, PROTECTED BY THE SOUTH, WEST AND NORTH WINDS...PERFECT LOCATION! LOCATED NEAR CAUSEWAY MARINA IN SEVEN POINTS, YOU HAVE THE BEST OF BOTH WORLDS: CLOSE TO DALLAS, MINUTES FROM WHAT CEDAR CREEK LAKE OFFERS AND GLORIOUS WATER! YOU WILL BE ASTOUNDED BY THE ENTERTAINING AREAS, INSIDE AND OUT! OVER $100K SPENT ON THE OVERSIZE BACK PORCH, WITH TREX COMPOSITE MATERIALS. WATER VIEWS FROM EVERY ROOM, OPEN CONCEPT LIVING, DINING AND KITCHEN AREAS. GATED ENTRY FAMILY PROPERTY, THIS HOME WILL GIVE YOU ALL THAT YOU WANT! The manager has listed the unit size as 2851 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017