7392 Teaswood Drive
About This Property
This stunning custom Teaswood estate is situated on just under 2 acres. This home offers luxury w/functionality. From the circular driveway w/dual gates, stately porte cochere, oversized 3 car garage with enclosed workshop, towering ceilings w/ wood beams, high end appliances, wet bar, service window to expansive outdoor patio, generator, pool w/hot tub, outdoor kitchen w/ fireplace, guest quarters w/kitchen, central vacuum system, separate primary baths & closets, cedar closets/ample storage throughout, huge butlers pantry, laundry w/steam closet. Secondary beds can easily convert to game or exercise room: countless options. This rare beauty is the "Bell of the ball", idyllic for entertaining yet private and picturesque. Adjacent 2 acres may also be purchased w/ sale of property.(not included in this listing)
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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 |
|---|---|---|---|
| Nov 8, 2021 | Sold | ||
| Sold | |||
| Sep 3, 2021 | Listed by BHGRE Gary Greene | $1,790,000 | |
| Listed by BHGRE Gary Greene | |||
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Welcome to Teaswood Reserve, a serene & enchanting gated neighborhood just a few miles from Lake Conroe & I-45 with NO MUD TAXES. Often referred to as a "well kept secret."
This stunning custom Teaswood estate is situated on just under 2 acres. This home offers luxury w/functionality. From the circular driveway w/dual gates, stately porte cochere, oversized 3 car garage with enclosed workshop, towering ceilings w/ wood beams, high end appliances, wet bar, service window to expansive outdoor patio, generator, pool w/hot tub, outdoor kitchen w/ fireplace, guest quarters w/kitchen, central vacuum system, separate primary baths & closets, cedar closets/ample storage throughout, huge butlers pantry, laundry w/steam closet. Secondary beds can easily convert to game or exercise room: countless options. This rare beauty is the "Bell of the ball", idyllic for entertaining yet private and picturesque. Adjacent 2 acres may also be purchased w/ sale of property.(not included in this listing)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017