7429 Paldao Drive
About This Property
From the moment you arrive, you're welcomed by mature landscaping and timeless curb appeal. Inside, the home features soaring ceilings, rich hardwood floors, abundant natural light, plantation shutters, custom built-ins, decorative lighting and ceiling fans throughout.
The spacious living room is the heart of the home-highlighted by floor-to-ceiling windows, a cozy fireplace, and uninterrupted views of the backyard. It flows seamlessly into the casual dining area and a well-equipped kitchen with a gas cooktop, stainless steel appliances, and generous storage.
The primary suite is a private haven with a sitting area, large walk-in closet, and a serene ensuite bath with dual vanities and ample cabinetry. Secondary bedrooms are generously sized, including a split guest suite with its own full bath-ideal for visitors, extended family, or a live-in nanny.
Step outside to your own backyard paradise-complete with multiple seating areas, a sparkling pool, a charming gazebo, and plenty of grassy space for play and pets. Whether you're hosting a summer gathering or enjoying a quiet evening, this space delivers the ultimate in outdoor living.
One of the property's most versatile features is the 21' x 21' workshop with electricity-a blank canvas with endless potential. Use it as a home gym, executive office, art studio, or hobby space-the choice is yours.
An electric gate secures the driveway leading to the attached garage, offering both privacy and convenience.
This Northwood Hills gem is more than a home-it's a lifestyle. With room to spread out, entertain, and create, it's a rare opportunity in a highly desirable neighborhood.
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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 10, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Listed by Keller Williams Dallas Midtown | $850,000 | |
| Listed by Keller Williams Dallas Midtown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017