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550 OLMECA Drive
About This Property
As you step inside, you'll be greeted by an open floor plan filled with abundant natural light, creating a warm and inviting atmosphere throughout the living and dining areas. The kitchen features sleek countertops, ample cabinet space, and modern finishes-ideal for both everyday meals and entertaining guests.
The master suite serves as a peaceful retreat with an en-suite bathroom complete with a soaking tub and a spacious walk-in closet. Two additional bedrooms provide ample space for family, guests, or a home office, while the additional bathrooms are thoughtfully designed with modern finishes.
Step outside to your private oasis- backyard that includes a sparkling private pool, perfect for relaxing or entertaining under the sun. Whether you're hosting summer pool parties, enjoying a quiet evening swim, or simply soaking in the breathtaking views, this outdoor space is designed for ultimate relaxation and enjoyment.
Added bonus: paid-off solar panels are already included with the price, offering an energy-efficient solution and potential savings on your utility bills. Water filtration throughout entire home; kitchen has Reverse Osmosis & an Alkaline Faucet.
This home is also ideally located just minutes from top-rated schools, the Don Haskins Rec Center, shopping, dining, and major highways, offering both tranquility and easy access to everything El Paso has to offer. With high ceilings, tile flooring throughout the main living areas, carpet in the bedrooms, and a 2-car garage, this property has everything you need for modern living.
Whether you're looking for a peaceful retreat, a space for entertaining, or room to grow, 550 Olmeca Dr is a must-see. Schedule a showing today to experience all that this exceptional property has to offer.
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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 |
|---|---|---|---|
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Dec 30, 2024 | Listed by Coldwell Banker Heritage R E | $280,000 | |
| Listed by Coldwell Banker Heritage R E | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017