29
Map
000 County Road 315 RD
About This Property
The property is immediately adjacent to the Eastwood at Sonterra community by Century Communities and is also in close proximity to the larger Sonterra community, placing it within an active residential growth corridor. Convenient access to I-35, nearby schools, and surrounding development enhances long-term potential.
The land features mature oak groves, hardwood trees, and partially cleared areas, offering flexibility for development or investment.
The property currently maintains an agricultural (AG) exemption. Water and electricity available. A professionally surveyed sewer line easement (approx. 0.5 acres) runs behind the property, provided by Sonterra MUD, a common and beneficial feature for large-acreage tracts.
No known zoning. Buyer to verify zoning, development potential, intended use, and utility availability. Suitable for subdivision, private estate, or future development, subject to buyer due diligence.
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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 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 16, 2026 | Listed by FULL CIRCLE RE | $3,200,000 | |
| Listed by FULL CIRCLE RE | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Jan 8, 2025 | Listed by FULL CIRCLE RE | $3,200,000 | |
| Listed by FULL CIRCLE RE | |||
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Explore the boundless possibilities of this unique property, consisting of two adjacent tracts totaling 53.971 acres (Wilco Property IDs: R616274 & R508771). Located in the rapidly growing area near the proposed Ronald Reagan Road extension, this land offers unparalleled potential for development or investment.
Property Highlights:
Two Tracts:
Track Two: 26.971 acres (Surveyed as R616274)
Track Three: 27 acres (Surveyed as R508771)
Together, they total 53.971 acres, including easements.
Prime Location: Adjacent to the developing Eastwood subdivision, near I-35 and an elementary school, offering excellent accessibility and future growth opportunities.
Natural Beauty: Oak groves, hardwood trees, and partially cleared areas provide stunning, picturesque views and versatility for residential or mixed-use projects.
Infrastructure:
Well and septic required.
No public water currently available.
A sewer line easement covering approximately 0.5 acres.
Development Potential:
Whether you’re planning a subdivision, private estate, or commercial use, this property offers the ideal balance of natural beauty and strategic location to bring your vision to life. With its proximity to major roads and the Eastwood subdivision, this land is a rare opportunity for investors and developers alike.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017