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950 Garnet Cove
About This Property
The completely renovated kitchen serves as the centerpiece of the home and features custom cabinetry with built-ins, a large island, breakfast bar, eat-in dining area, upgraded backsplash, pot filler, and a 6-burner gas range. The adjacent living room is filled with natural light and provides an open flow for everyday living and entertaining.
The main level includes all bedrooms, a spacious primary suite with a massive walk-in closet, a second living area, and a flex space previously used as a home gym that can serve as an office, studio, or additional living area. An upstairs media room provides additional separation and versatility. Interior improvements include all new interior paint, plantation shutters, upgraded lighting, and two fireplaces.
The outdoor living spaces include updated front and back porches and a redesigned patio overlooking one of the most private backyards in the neighborhood. Mature trees surround the property, creating substantial privacy and a natural setting. A large detached storage building offers flexible use for storage, workshop space, studio, or home office.
Located in Emerald Sound on Lake Lewisville, this Oak Point property offers convenient access to boating, outdoor recreation, major commuter routes, shopping, and dining throughout Denton County and the surrounding North Texas area.
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Jul 7, 2026 | Price Decreased |
$695,000
↓ $30K
(4.1%) | |
| Price Decreased | |||
| Jun 5, 2026 | Price Decreased |
$725,000
↓ $14K
(1.9%) | |
| Price Decreased | |||
| May 16, 2026 | Listed by Real Broker, LLC | $739,000 | |
| Listed by Real Broker, LLC | |||
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About Emerald Sound at Lake Lewisville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017