735 Gresham Lane
About This Property
This four-bedroom, 3.5 bath, 3 fireplace residence mirrors the rugged elegance of its surroundings. Wrought-iron front doors open to reveal Colorado blue pine ceilings, hardwood floors, and a commanding stone fireplace that warms the entire main living space. The chef's kitchen serves as a high-end culinary hub, equipped with an induction cooktop, dual convection ovens, copper sinks, and granite countertops designed for effortless cooking or hosting family and friends.
Outside the main living area, the primary 19x22 patio is fully covered and includes ceiling fans, television, fireplace, outdoor kitchen, and a separate gas fire pit that makes this property optimal for a quiet evening at home or larger gatherings with horseshoes and hammocks. Upstairs, a dramatic catwalk overlooks the living area and opens to sweeping hill-country views with another 19x22 partially covered balcony the kind of spot made for a morning coffee.
Energy efficient features include spray foam insulation, rainwater collection, reverse osmosis, water softener, and smart thermostat. A five stall barn and oversized garage or RV parking round it out for projects, animals, or gear, without needing hundreds of acres to justify it! All inventory, equipment, livestock may be available with an acceptable 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 |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$1,100,000
↓ $125K
(10.2%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$1,225,000
↓ $65K
(5%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by The Platinum Group RE, LLC | $1,290,000 | |
| Listed by The Platinum Group RE, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017