5511 Royal Lane
About This Property
The primary suite is a true retreat, boasting dual spa-inspired baths-one with a built-in sauna, and the other featuring aromatherapy, steam, LED light therapy, a 6-ft soaking tub, heated floors, waterproof Bluetooth speakers, and a rain shower. A bonus room off the master serves as a private weight room, offering unmatched convenience. A 422 sq ft solarium is located off of the primary suite as well. Step outside to your personal oasis, where a saltwater diving pool is surrounded by lush turf, beautifully landscaped grass, and an enclosed patio perfect for year-round enjoyment. The fully fenced acre lot also includes two remote control gates, a fenced in animal enclosure with mature grapevines, a 3-car garage with extended concrete parking, and unmatched privacy. Located less than 20 miles from DFW Airport and under 15 miles from Love Field, this rare estate is a striking example of design, comfort, and convenience. Homes like this simply don't come around often-experience the details within the details. Ask for a full list of all the upgrades!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Oct 22, 2025 | Price Decreased |
$2,990,000
↓ $160K
(5.1%) | |
| Price Decreased | |||
| Sep 22, 2025 | Price Decreased |
$3,150,000
↓ $149K
(4.5%) | |
| Price Decreased | |||
| Jul 24, 2025 | Price Decreased |
$3,299,000
↓ $351K
(9.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017