848 Deer Run Road
About This Property
This stunning two-story home features 3 bedrooms, 2.1 baths, and 2,338 square feet of thoughtfully designed space. A dedicated office just off the entry creates a refined and functional work-from-home environment, complete with a bold accent wall and designer finishes that immediately set the tone.
The open-concept layout flows into a dramatic two-story great room filled with natural light, enhanced by automatic shades that provide both comfort and convenience. This impressive space is ideal for everyday living and entertaining. The kitchen serves as a true focal point, showcasing a large island, crisp white cabinetry, stainless steel appliances, and seamless connectivity to the dining and living areas.
Upstairs, a versatile loft overlooks the main living space, offering flexibility for a second living area, media room, or play space. The primary suite is both spacious and inviting, featuring an ensuite bath with dual vanities, a glass-enclosed shower, and ample storage. Two additional bedrooms provide comfortable accommodations for family or guests.
Step outside to a private patio designed for easy, low-maintenance living, ideal for relaxing or hosting without the upkeep of a large yard. With its lock-and-leave lifestyle, elevated design, and prime location near Grapevine Lake and major commuting routes, this home delivers both style and convenience.
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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 |
|---|---|---|---|
| May 14, 2026 | Sold | ||
| Sold | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Apr 7, 2026 | Listed by Allie Beth Allman & Associates | $598,000 | |
| Listed by Allie Beth Allman & Associates | |||
| Aug 2, 2022 | No longer available | - | |
| No longer available | |||
| Jul 8, 2022 | In contract | - | |
| In contract | |||
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About Lakeside Ranch Business Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017