99 Lake Drive
About This Property
The great room is anchored by rich oak cabinetry, a floor-to-ceiling stone wood-burning fireplace, and soaring vaulted ceilings accented with beautiful exposed beams. The living space flows seamlessly into the stunning chef's kitchen featuring a commercial-grade range, oversized honed black granite island, brick accents, and a charming breakfast nook. A wall of glass frames the backyard and fills the home with natural light, creating effortless connection to the outdoor living spaces. The private primary suite offers a luxurious retreat with dual vanities, a spacious walk-in steam shower, & peaceful views of the property. Three additional generously sized bedrooms each feature en suite baths, offering comfort and privacy for family or guests. A dedicated in-home gym or flexible bonus space provides versatility, while the oversized utility room includes a sink, abundant storage, and room for an additional refrigerator. Designed for enjoying the Texas lifestyle, the covered back patio is the perfect place to watch the sunrise, entertain with the built-in grill and smoker, or unwind beside the outdoor fireplace with a good book. Set beneath majestic grandfather oaks, fenced space for dogs, and a picturesque blend of privacy and functionality. The acreage adjoins Lake Ray Roberts Corps of Engineers land, creating an exceptional natural buffer with abundant wildlife and the feel of an even larger private retreat. A 40x30 engineered shop with concrete flooring, full bath, and tall overhead door offers exceptional functionality-ideal for RV storage, workshop space, or equipment storage. An extended overhang along the west side adds even more versatility.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$1,390,000
↓ $60K
(4.1%) | |
| Price Decreased | |||
| May 11, 2026 | Listed by Sarah Boyd & Co | $1,450,000 | |
| Listed by Sarah Boyd & Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017