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5216 Palomar Lane
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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 |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$9,250,000
↓ $700K
(7%) | |
| Price Decreased | |||
| Jul 13, 2026 | Listed by Allie Beth Allman & Assoc. | $9,950,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
| Oct 14, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 11, 2025 | Listed by Allie Beth Allman & Assoc. | $8,995,000 | |
| Listed by Allie Beth Allman & Assoc. | |||
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Regal and majestic, this custom beauty situated on over 1.13 acres in Lobello Estates of Preston Hollow is unmatched. Notable elegance defined by its stunning architecture, this 6 bedroom encompasses it all. A grand two level foyer with floor to ceiling glass flanked by the library and formal living. The downstairs master designed for tranquility with a spa like bathroom features an exquisite soaking tub, shower, 2 large custom walk-in closets, vanity area, a private gym, laundry, coffee bar & fridge. Oversized eat-in kitchen island with custom European cabinetry, Miele appliances, two dishwashers, & Miele built-in coffee maker all seamlessly blend for a well appointed sleek design. The epoxy-finished 4 car garage with hydraulic glass doors doubles as a versatile flex space for catering, events, or even a game of basketball complete with an all glass wall overlooking the backyard, future sport court or pool house. A commercial grade elevator & multiple staircases provides access to the second level, which includes 5 bedrooms all ensuite (1 of which lives like a Junior Master) laundry and Media Room. Thoughtfully curated touches such as smart touch drapery throughout entire home, caesarstone countertops, speciality lighting, wine room feature, & butler's pantry with sparkling water on demand. Outdoor living speaks for itself with expansive greenscape of turf, natural grass, trees and pool offering endless possibilities for relaxation and entertainment. Experience a level of luxury living in one of Dallas' most desired neighborhoods. This is more than a home-it's a lifestyle. Pool House & Cabana plans available.
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| Jul 14, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017