537 Villa Drive
About This Property
Tucked inside a private gated waterfront community, this beautifully updated one-story home offers 3 bedrooms, luxury finishes, outdoor living, and access to the Galveston Bay lifestyle.
Inside, you'll find an elevated blend of comfort and style with tumbled travertine & wood flooring, a gourmet kitchen featuring custom cabinetry, striking onyx countertops, an Italian copper sink, & stainless steel appliances. The baths continue the upscale feel with beautiful marble & onyx finishes.
Step outside & enjoy your own saltwater pool and spa, ideal for relaxing, entertaining, or enjoying quiet coastal evenings. The upper terrace offers peaceful water views, creating the perfect spot for morning coffee, sunset moments, or unwinding after a long day. Plus epoxy garage flooring with built-ins
Residents also enjoy access to a private waterfront pier for fishing, stargazing, watching fireworks, or simply soaking Galveston Bay.
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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 11, 2026 | Listed by Keller Williams Realty Clear Lake / NASA | $749,000 | |
| Listed by Keller Williams Realty Clear Lake / NASA | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017