599 Dallas Drive
About This Property
Experience exceptional craftsmanship and thoughtful design in this stunning new construction custom home by BelGrand Custom Homes, situated on an oversized 0.52-acre homesite in one of Roanoke's most desirable locations. Currently under construction with an estimated completion in Fall 2026.
The thoughtfully designed layout offers five bedrooms, four full baths, one half bath, a luxurious first-floor primary suite, private downstairs guest suite, dedicated study, and spacious upstairs game room. The chef's kitchen showcases an oversized waterfall island, floor-to-ceiling custom cabinetry, and an impressive scullery prep kitchen complete with a built-in speed oven, mini refrigerator, abundant storage, and generous workspace.
The open-concept living area features custom built-ins, floating shelves, surround sound, and expansive sliding glass doors leading to the covered patio and outdoor kitchen. The oversized backyard offers endless possibilities for a future pool, sports court, detached workshop, guest house (subject to city approval), or expanded outdoor living.
Luxury finishes are showcased throughout, including designer lighting, premium appliances, a custom iron front door, spa-inspired baths, and thoughtfully curated designer details that elevate every space. A rare opportunity to own a one-of-a-kind custom residence in the heart of Roanoke.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Listed by Compass RE Texas, LLC | $1,795,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017