Updated Jun 23, 2026
SOLDSingle Family
LaMarcus Aldridge Acquires Luxury Home From Larry And Maria Smith In Westlake For $10M
1609 Meandering Way Drive
Building Size
10,466 SF
Asset Type
Single Family
Closing
Jun 9, 2026
About this deal
AI
A newly built luxury home was acquired at 1609 Meandering Way Drive in Westlake, Texas. The residence features a total square footage of 10,466 and sits on an acre lot, complete with a six-car garage, outdoor kitchen, and basketball court. The property was originally listed for $10.9 million and underwent a price reduction to $10 million prior to going under contract.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10 million
- Buyer: LaMarcus Aldridge
- Seller: Larry & Maria Smith
- Broker: Lucy Noonan - Synergy Realty
The transaction expanded LaMarcus Aldridge's North Texas real estate holdings, as he purchased the home through Jay & Ray LLC. This acquisition marks a significant addition to his portfolio in the region.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93