509 Sombrero
About This 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 |
|---|---|---|---|
| Jun 24, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Listed by RE/MAX HORSESHOE BAY RESORT SA | $879,000 | |
| Listed by RE/MAX HORSESHOE BAY RESORT SA | |||
| Apr 11, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 15, 2024 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| Nov 15, 2023 | Listed by Keller Williams - Lake Travis | $925,000 | |
| Listed by Keller Williams - Lake Travis | |||
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ESCAPE COOKIE-CUTTER for GREAT VALUE! In a creative, custom floor plan experience refined living on Horseshoe Bay's Slick Rock Golf Course. Step through the landscaped, fenced courtyard, to enter the light flooded foyer. Expansive windows lead to a unique floor plan blending living, dining, and kitchen areas. The spacious living room features a welcoming fireplace and a wet bar and the kitchen is a cook’s delight with ample storage and counter space. Adjacent and adorned with tasteful finishes, the dining room invites relaxation while enjoying the wooded, golf course view. Step to the covered deck for al fresco dining and relaxation while enjoying this beautiful location. With no lawn to mow, appreciate the lush, mature landscaping without maintenance concerns. The owner's suite is a sanctuary unto itself, featuring dual en-suite baths, two generous closets with custom built-ins, and an extended bedroom with a versatile sitting/media space. Discover flexibility with two additional bedrooms and full baths, accommodating guests or space for a home office. A hidden gem awaits in the form of a hall storage closet, large enough to accommodate a small office or crafting area. Immerse yourself in the vibrant community and recreational opportunities of Horseshoe Bay living. Whether enjoying a round of golf or partaking in lake activities, every aspect of leisure is at your fingertips. Make 509 Sombrero your sanctuary where elegance meets Texas charm and embrace the quintessential lifestyle of Horseshoe Bay.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017