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8778 Catamaran Way
About This Property
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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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by eXp Realty LLC | $1,100,000 | |
| Listed by eXp Realty LLC | |||
| May 13, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 28, 2026 | Price Decreased |
$1,275,000
↓ $24K
(1.9%) | |
| Price Decreased | |||
| Apr 16, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 15, 2026 | Listed by Real Broker, LLC | $1,299,000 | |
| Listed by Real Broker, LLC | |||
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Welcome to 8778 Catamaran Way in Ridgelake Shores! This custom 5-bedroom home sits on 1.08 acres and includes a private casita with full kitchen and laundry, offering flexibility for multi-generational living. Wake up to peaceful mornings with deer strolling through the neighborhood while enjoying the privacy this property provides. The 1.5-story layout features wood-look tile flooring, custom built-ins, formal dining, a study/flex room and a spacious game room. The kitchen opens to the living area and is equipped with Frigidaire appliances, two dishwashers, a ZLINE cooktop, pot filler, under-cabinet lighting and a walk-in pantry with sink. The primary suite offers serene backyard views and an en-suite bath with a soaking tub, walk-in shower and oversized custom closet. Enjoy the outdoor kitchen, fireplace and a 4-car oversized garage, with room to add a pool, shop, or horses. Conveniently located near Lake Conroe, shopping, dining, and major roadways. Schedule your private tour today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017