Scheduled for completion Nov 2026, Confirm final specifications
with the New Home Consultant. Residents enjoy access to some of the
area's top schools, including River Place Elementary and Vandegrift
High School. Nearby amenities include Sun Tree Park, River Place
Country Club, and miles of scenic greenbelt trails. Also just
minutes from Broadcom's Austin campus, along with a wealth of other
major tech employers in the Four Points area. Access to a private
marina for swimming, boating, waterskiing, and other activities. At
the River Place Country Club, play golf or tennis, enjoy the
fitness center, massage facility, swimming pool, and dining room.
River Place Country Club 1.4 mi, River Place Nature Trail 2.3 mi,
Bull Creek District Park 3.6, Quarry Lake 6.3 mi, Sun Tree Park 1.2
mi
Set on an oversized homesite backing to a massive greenbelt, this
Asheville plan offers 3,827 sqft with 5 bed, 5 full baths, 2 powder
baths, a study, media, recreation room and oversized 3 car garage.
The thoughtfully designed floor plan features both the primary
suite and a secondary bedroom with private bath on the main level,
ideal for guests or multigenerational living. A 20 foot entry and
soaring 12 foot ceilings. The gourmet kitchen showcases custom
cabinetry, a waterfall edge Calacatta Goa quartz island, apron
front sink, champagne bronze fixtures, pot filler, prep pantry and
JennAir 48 inch dual fuel professional range with built in
microwave, dishwasher and commercial style vent hood. Wide plank
wood flooring, designer finishes and 8 foot interior doors extend
throughout the home. Every bedroom includes an ensuite bath while
the luxurious primary suite overlooks the greenbelt and features a
spa inspired bath with oversized walk in shower, dual vanities and
expansive walk in closet. Covered patios, outdoor kitchen, double
pane windows, zoned HVAC, programmable thermostat and tankless
water heater complete this exceptional luxury home. All
bedrooms include private bathrooms.
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.
Interior Features: Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Double Vanity, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), Wired for Data, Wired for Sound, Ceiling-High, Quartz Counters, Multiple Living Areas, Primary Bedroom on Main, Study/Home Office
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Double Oven, Free-Standing Gas Range, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater, RNGHD
Flooring Type: Tile, Wood
Exterior Details
Square Footage: 3827
Square Footage Source: $0
Green Sustainability
Security Features: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Property Condition: Under Construction
Year Built Source: Builder
Year Built: 2026
Waterfront Features: None
Builder Name: Milestone Community Builders
Levels: Two
Other Structures: None
Window Features: Blinds, Display Window(s), Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens, Vinyl Windows
Construction Materials: Concrete, Frame, Glass, ICAT Recessed Lighting, Spray Foam Insulation, Radiant Barrier, Stone, Stucco, Masonry – All Sides
Patio and Porch Features: Covered, Patio, Porch
Pool Features: None
Lot Features: Greenbelt, Back Yard, Few Trees, Front Yard, Landscaped, Sprinkler - Automatic
Lot Size Area: 26946.22
Lot Size Units: Square Feet
Lot Size Acres: 0.6186
Lot Size Square Feet: 26946.22
Water Source: Public
Financial Details
Tax Map Number: 5
Tax Assessed Value: $43,087
Tax Annual Amount: $1,142
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Exhaust Fan
Heating Type: Central, ENERGY STAR Qualified Equipment, Heat Pump, Natural Gas
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