New Construction, Modern-Mediterranean home nestled in the TX Hill
Country, situated on a 2.68-acre cul-de-sac lot, in the gated
Serenity Springs community, 508 Kasen Circle offers a blend of
upgraded features, abundant space & privacy. Upon entering the
foyer, guests are greeted w/ expansive views of the massive
saltwater pool & spa through the gallery. Home is designed for
open-concept living & entertainment, featuring 5 bedrooms & 6
bathrooms. Each bedroom includes its own private en-suite, ensuring
comfort & privacy for all. A separate, attached guest suite w/ a
private entrance provides additional accommodations to include a
kitchenette, full bath and stackable washer & dryer, ideal
for both short-term visitors & extended stays. The main living
space is equipped w/ premium, high-end appliances, including
separate refrigerator & freezer columns & a dual-fuel convection
oven. The spacious butler's pantry further enhances the culinary
area, w/ built-in convection oven, microwave, ice maker,
dishwasher, sink w/ disposal, under-counter wine cooler & an Elkay
filtered water bottle dispenser. The primary suite provides a
luxurious retreat, complete w/ oversized walk-in closets, dual
vanities & a fully enclosed spa-style tub & shower room featuring a
large soaking Jacuzzi tub. Exterior highlights include an old-world
barrel tile roof, full stucco finish & Sage Green wood-aluminum
windows. The courtyard & outdoor living areas serve as the heart of
the home, boasting complete outdoor kitchen & 3-car attached
garage. Home includes oversized mudroom & laundry space w/
extensive storage. Other notable features include solid wood
soffits, a well-designed landscaping & irrigation package,
underground bunker space, hand-hewn old-world style beams &
hand-laid fieldstone walls w/ heavy smear. 2 large wood-burning
fireplaces provide cozy spaces. Estimated completion Nov. '26.
Completed pics in this listing are of a similar home Prince
Development built, w/ a similar floorplan.
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.
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