656 Oak Point Drive
About This Property
A generous covered area offers exciting potential and could easily be enclosed to create additional living space, a game room, or a lakeside sunroom. Just below the home you'll find a garage and storage shed, providing ample room for tools, lake toys, and outdoor equipment.
Outdoor living truly shines here. A beautiful deck with a swimming pool overlooks the lake and your private dock, creating the perfect place to unwind after a day on the water. The dock features a boat slip, space to store jet skis, and an upper sun deck-ideal for soaking up the sun or enjoying peaceful sunsets over Lake Brownwood.
As part of the community HOA, owners also enjoy access to shared amenities including a swimming area, park, and convenient boat ramp. Whether you're looking for a weekend retreat, vacation rental opportunity, or full-time lake home, this property offers the best of lake living in a beautiful setting.
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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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by UCRE - Tx Home and Ranches RE | $599,000 | |
| Listed by UCRE - Tx Home and Ranches RE | |||
| May 8, 2024 | Sold | ||
| Sold | |||
| Feb 22, 2024 | Listed by Texas Legacy Realty | $515,000 | |
| Listed by Texas Legacy Realty | |||
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Welcome to this charming 2-bedroom, 1-bathroom lakehouse, inside the gated Oak Point community at Lake Brownwood, offering a serene retreat surrounded by natural beauty. Inside you will discover a thoughtfully designed open concept floor plan, blending living, dining, and kitchen areas, creating an inviting space for relaxation and entertainment. Large windows throughout the home frame stunning views of the lake, flooding the interior with natural light and providing a picturesque backdrop for daily living. Outside, a private dock extends into the lake, offering direct access for boating, fishing, and lakeside enjoyment. Additionally, a convenient storage building provides space for storing outdoor gear, ensuring everything is within reach for your lakeside adventures. With its exclusive amenities, and breathtaking lake views, this property presents a unique opportunity to embrace the beauty and tranquility of lakeside living in the heart of the Oak Point community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017