8041 Encanto Way
About This Property
Designed for both grand entertaining and comfortable everyday living, the expansive open-concept kitchen and living area creates an impressive centerpiece for the home. The chef-inspired kitchen is complemented by a dedicated prep kitchen and butler's pantry, offering exceptional functionality while maintaining a clean, refined entertaining space. Each of the four bedrooms features its own private ensuite bath, while a dedicated study and spacious game room provide additional flexibility for work, entertaining, and relaxation.
Set on an expansive two-acre homesite, the property offers the privacy, space, and presence expected of true estate living. Every element has been carefully selected and executed to deliver a home that feels timeless, distinctive, and uncompromising in quality. 8041 Encanto Way is a statement of refined Texas living, where timeless design, generous scale, and an exceptional setting come together in one remarkable residence.
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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 |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$2,100,000
↓ $100K
(4.6%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by Compass RE Texas, LLC | $2,200,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017