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5401 Grasmere Drive
About This Property
This residence offers 4 bedrooms and 6 bathrooms with multiple living and entertaining spaces designed to impress. Cathedral vaulted ceilings, wood flooring, dental moulding, and plantation shutters create a refined yet inviting atmosphere throughout. Two gas fireplaces anchor the main living areas, while the wet bar makes hosting effortless. The kitchen features a built-in refrigerator and flows naturally into the main living spaces, ideal for gatherings both large and small.
The expansive backyard provides a private outdoor retreat with a pool and spa combo, ideal for relaxing or hosting. Generously sized rooms and a functional layout offer comfort, space, and flexibility.
With its oversized lot, elegant design, and immediate proximity to Gleneagles, 5401 Grasmere is a standout in one of Plano's most sought-after luxury communities.
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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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Apr 4, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Price Decreased |
$1,249,000
↓ $146K
(10.5%) | |
| Price Decreased | |||
| Feb 27, 2026 | Price Decreased |
$1,395,000
↓ $105K
(7%) | |
| Price Decreased | |||
| Feb 7, 2026 | Listed by The Selling Experts Inc | $1,500,000 | |
| Listed by The Selling Experts Inc | |||
Property Highlights
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About Kingsborough In Osp
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017