29
Map
538 Magnolia Point Drive
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%.
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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 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 14, 2026 | Listed by JLA Realty | $350,000 | |
| Listed by JLA Realty | |||
| Aug 13, 2026 | Listed by JLA Realty | $350,000 | |
| Listed by JLA Realty | |||
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Custom built home by Copper Basin sits on 1.33 unrestricted acres with clean contemporary lines and an airy, open floor plan- full of natural light and potential. Main living area features high ceilings, a stacked stone fireplace and kitchen accent wall to match, French doors to the back yard and stained concrete floors throughout. The kitchen features stainless steel appliances, propane-powered cook top, double ovens, pot filler and ample storage- Breakfast & office/dining areas have beautiful picture windows overlooking the front and back of the home. Master bedroom has high ceilings, recessed lighting, natural light and access to covered back patio. Master en suite bathroom features a walk-in closet, walk-in shower & separate toilet area. Secondary bedrooms offer ample space and are separate from master bedroom area. Laundry room with sink area and storage space. No flooding & low tax rate, in privately managed civic club with community boat ramp.
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| Mar 5, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 16, 2025 | Price Decreased |
$350,000
↓ $29K
(7.7%) | |
| Price Decreased | |||
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About Lake Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017